Atlanta – Transwestern Real Estate Services (TRS) announces its Atlanta Investment Sales and Healthcare Advisory Services teams have brokered the dispositions of the following two medical office buildings:
- Mount FPL, LLC purchased Mount Dora Medical Center, a 51,357-square-foot medical office building at 6909 Old Highway 441 in Mount Dora, Florida, for an undisclosed price. Transwestern Senior Managing Directors Kevin Markwordt and Steve Hall represented the seller, American Healthcare Investors, in the transaction.
- Highgate Partners acquired Robert A. Burns Professional Center, a 14,680-square-foot medical office building at 2855 Old Highway 5 North in Blue Ridge, Georgia, for an undisclosed price. Transwestern Senior Managing Directors Kevin Markwordt and Steve Hall represented the seller, Healthpeak Properties, in the disposition.
“Demand for healthcare real estate has grown,” said Hall. “Transaction volumes are on the rise with investors and users attracted to the strong performance and stability of the asset class.”
Robert A. Burns Professional Center is 100% leased to Fannin Regional Hospital, a 50-bed general acute-care facility serving North Georgia, North Carolina and Tennessee. Offering direct connectivity to Fannin’s south wing, the property is subleased to sought-after medical practices, including Northside Hospital and Atlanta Gastroenterology Associates.
Situated 30 miles north of Orlando, Mount Dora Medical Center is within 20 miles of four major hospitals, including Central Florida Regional Hospital. The three-story medical office building was completed in 2014, featuring high-quality construction, excellent visibility and frontage on Old Highway 441, and a high parking ratio. At 19.5% occupied with numerous move-in ready spaces available, the property offers exceptional value-add opportunity through lease-up.
“These properties are well positioned among strong retirement demographics, giving them distinct advantages in the market,” said Markwordt.
Photos are available for download here.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, and investment management. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.
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