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
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