Transwestern Real Estate Services brokered the sale of a Class A, 26,216-square-foot medical office building at 2976 Chapel Hill Road in Douglasville, GA. Senior Managing Directors Kevin Markwordt and Steve Hall represented the seller WDG Real Estate Partners in the transaction to LOR-PUC Douglasville LLC for $11.2 million or $428 per square foot.
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 noted that “2976 Chapel Hill Road appealed to investors seeking a high quality medical office building with strong nearby amenities immediate freeway access excellent site visibility and a stable income stream from investment grade credit tenancy” adding that it was strategically positioned within a highly trafficked dense retail corridor with five million square feet of product as well as nearly 100000 residents within five miles radius
