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5875 Bremo Road

AW Property Company Acquires Six-Property Bon Secours Medical Campus Collection For $171 Million
SOLDMedical Office

AW Property Company Acquires Six-Property Bon Secours Medical Campus Collection For $171 Million

5875 Bremo Road, 1501 Maple Avenue, 5899 Bremo Road, 8266 Atlee Road, 8262 Atlee Road & 1510 North 28th Street

$171,000,000

$70/SF

Building Size

2,435,670 SF

Asset Type

Medical Office

Closing

Nov 28, 2025

AI

The asset involved in the transaction includes a collection of six properties situated on Bremo Road, Maple Avenue, and Atlee Road in Richmond and Mechanicsville, VA. The total sale price for the medical office properties is $171,000,000, covering a total of 405,945 square feet, with a price per square foot of $421.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $171,000,000
  • Sale Date: 11/28/2025
  • Addresses: 5875 Bremo Road, 1501 Maple Avenue, 5899 Bremo Road, 8266 Atlee Road, 8262 Atlee Road & 1510 North 28th Street
  • Market: Richmond & Mechanicsville, VA
  • Buyer: AW Property Company
  • Seller: Healthcare Realty Trust Inc
  • Brokers: Christopher Bodnar, Brannan Knott, Cole Reethof, Eric Williford & Matt Hamilton - CBRE
  • Total Square Feet: 405,945
  • Price per Square Foot: $421

AW Property Company acquired the six-property Bon Secours Medical Campus Collection, which is anchored by Bon Secours Mercy Health. The transaction was facilitated by the brokerage firm CBRE, which handled both the sale and acquisition financing for the deal.

Players

Christopher Bodnar

CBRE

Broker

$2.6B

vol

24 deals

Broker
CBRE
CBREBrokerage
HI
Healthcare Realty Trust IncSeller

Richmond Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.09%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93