John Carrafiell And Sonny Kalsi Of BGO Acquire Medical Office In Newnan For $14.2M

The property asset involved in the transaction is a medical office located at 2201 Newnan Crossing Boulevard in Newnan, GA. The facility is a two-story, Class A medical outpatient building with a total square footage of 40,431 and was sold for $14,200,000, translating to a price per square foot of $351.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $14,200,000
• Square Footage: 40,431
• Address: 2201 Newnan Crossing Boulevard
• Market: Newnan, GA
• Price per Square Foot: $351
• Buyer: John Carrafiell & Sonny Kalsi - BGO, Ben Ochs - Anchor Health Properties
• Broker: Michael Lipton - Colliers

This transaction marks a significant investment for BGO and Anchor Health Properties, who have acquired the last medical outpatient building within the Newnan Professional Center. The property is nearly fully leased and is strategically positioned adjacent to Piedmont Newnan Hospital, further enhancing its value in the healthcare real estate market in metro Atlanta.