Transwestern Real Estate Services brokered the sale of a 26,216-square-foot Class A medical office building at 2976 Chapel Hill Road in Douglasville, GA for $11.2 million or $428 per square foot. Senior Managing Directors Kevin Markwordt and Steve Hall represented the seller WDG Real Estate Partners in the transaction to LOR-PUC Douglasville LLC.
Redeveloped and expanded to Class A finishes in 2023, this 100% occupied property is anchored by Piedmont Healthcare offering an extensive range of medical services including outpatient orthopedics, cardiology and primary care.
Markwordt commented “2976 Chapel Hill Road appealed to investors seeking a high quality medical office building with strong nearby amenities such as immediate freeway access, excellent site visibility and a stable income stream from investment grade credit tenancy”. The strategic positioning of this MOB within a highly trafficked dense retail corridor with five million square feet of product has attracted nearly 100k residents within five miles radius .
