Wellstar Health Systems Acquires Marietta, GA Office Building For $41.3M
1800 Parkway Place, Marietta, Georgia 30067, United States
$41,300,000
$180/SF
Building Size
229,390 SF
Asset Type
Office
Closing
Oct 17, 2022
About this deal
AI
The office property located at 1800 Parkway Place in Marietta, GA was recently sold in a transaction on October 18, 2022. The property spans a total area of 229,390 square feet and was sold at a price of $41,300,000, resulting in a price per square foot of $180.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $41,300,000
- Address: 1800 Parkway Place, Marietta, GA
- Market: Marietta, GA
- Buyer: Wellstar Health Systems
- Square Footage: 229,390
- Price Per Square Foot: $180
Wellstar Health Systems, a prominent healthcare organization, acted as the buyer in this transaction. Their acquisition of the office property showcases their continued growth and investment in the Marietta, GA market.
Players
Marietta Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93