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

Property Image
SOLD
$171,000,000
Cole Reethof
Brannan Knott
+ 2

Virginia

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Medical Office2,435,670 SF
Sold 11/28/2025
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Property Image
SOLD

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

See Similar Deals
Medical Office2,435,670 SF
Sold 11/28/2025
Cole Reethof
Brannan Knott
+ 2
Contact now

Summary

VIRGINIA
Asset Type:Medical Office
Price Per Square Foot:$70
Total Square Footage:2,435,670 SF
Transaction Type:Sale

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 (Chris) Bodnar
24 deals$2.6B volume(720) 635-2653
BROKER

Brannan Knott
CBRE
16 deals$1.1B volume(443) 983-6039
BROKER

Cole Reethof
CBRE
10 deals$442.3M volume
BROKER

Matt Hamilton
CBRE
1 deal$171M volume(804) 370-9454
BROKER

Eric Williford
CBRE
1 deal$171M volume(804) 335-9865
BROKER

CBRE
BROKERAGE


Details

SOLD
IMAGE: 11/28/2025 ADDRESS: 5875 Bremo Road, 1501 Maple Avenue, 5899 Bremo Road, 8266 Atlee Road, 8262 Atlee Road & 1510 North 28th Street MARKET: Richmond & Mechanicsville, VA ASSET TYPE: Medical Office BUYER: AW Property Company SELLER: Healthcare Realty Trust Inc BROKERS: Christopher Bodnar, Brannan Knott, Cole Reethof, Eric Williford & Matt Hamilton - CBRE SALE PRICE: $171,000,000 SF: 405,945 ~ PPSF: $421 NOTE: AW Property Co. acquired the six-property Bon Secours Medical Campus Collection in Richmond, Va., for $171 million, totaling 405,945 square feet and anchored by Bon Secours Mercy Health, with CBRE handling the sale and acquisition financing.

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

$9,120,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$607,526.88
Cash-on-Cash Return-1.27%
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