This Office Property is Off-Market.

1020 JL White Drive
Jasper, GA 30143 ·

20,237 SF · Office For Sale

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Piedmont Mountainside Hospital MOB 3

Price N/A Cap Rate 7.25%
Building Size 20,237 SF Occupancy 100%
Property Type Office Building Class A
Property Sub-type Medical Office Tenancy Multiple
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 2.36 AC
Listing ID: 17397324 Date Created: 11/01/2011 Last Updated: 08/13/2012

Description

CBRE' s Healthcare Capital Markets Group is pleased to exclusively offer the Piedmont Mountainside Hospital Medical Office Building 3 for purchase. The 20,237 rentable square foot one-story Class A medical office building was built in 2011 and is located on a 2.36-acre tract adjacent to the Piedmont Mountainside Hospital, a 42-bed acute care hospital serving the greater Jasper, Georgia area. Piedmont Mountainside Hospital is a wholly owned subsidiary of Piedmont Healthcare, which boasts Aa3 and AA- credit ratings by S&P and Moody' s respectively. The property is 100% occupied with nearly 80% leased to the hospital: 52% to Piedmont Mountainside Hospital and 27% to Piedmont Medical Care Corporation, offering investors a stable medical office investment in a high-growth north Georgia medical corridor near Atlanta.

Investment Highlights
" Predictable Cash Flow with Long-term Stability
" Piedmont Mountainside Hospital
" Credit Tenant Income
" Virtually On-Campus Location
" Delivered Free and Clear of Existing Debt
" Exceptional Demographics
" Growing Medical Submarket
" Highest Quality Medical Office Building
" Minimal Capital Exposure
" Recession Resistant Property Category
" Appealing Aging Trends
" Medical Office Fundamentals
" Healthcare Fundamentals

Research

1020 JL White Drive, Jasper, GA 30143 (Pickens County)

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