Matthews™ Completes Sale of Two Medical Outpatient Buildings in Georgia

ATLANTA, GA— Matthews™, a commercial real estate investment services and technology firm, facilitated the sale of a medical office outpatient property located at 1468 Montreal Road in Tucker, Georgia. Matthews™ Vice President & Associate Director Ryan Burke and Senior Vice President & Senior Directors Michael Moreno & Rahul Chhajed represented the seller in the $7,000,000 transaction, which marked the third-highest sale price for a medical office property in the Northlake/Lavista submarket within the last year.

 

The approximately 18,972-square-foot medical office property comprises two adjacent outpatient buildings leased to Atlanta Heart Specialists and Physio Physical Therapy under a modified NNN structure. Primely positioned within a dense healthcare corridor in the Atlanta MSA, the asset benefits from direct access to Interstate 285 and proximity to multiple major medical anchors, including several Emory hospitals.

 

The seller brought the property to market as part of a broader long-term exit strategy following the sale of their medical practice, timing the transaction to capitalize on the asset’s strong rent roll and favorable underwriting. Drawing on a five-plus-year relationship with ownership, Matthews™ leveraged its healthcare product specialization, extensive market coverage, and deep understanding of physician owner-user dynamics to generate significant investor interest and secure the first buyer to go under contract.

 

During the transaction process, the Matthews™ agents navigated the transition from in-house management to third-party property management, working through longstanding operational routines and ownership-specific processes to keep the deal moving efficiently. The transaction ultimately closed ahead of schedule. The buyer, Maple Street Management, was drawn to the opportunity to invest in healthcare real estate within the Atlanta MSA while satisfying a 1031 exchange.

 

“This is a perfect example of a physician group realizing the benefits of having an exit strategy in place and executing it rather than kicking the can down the line,” Burke said. “With the right planning and execution, physician groups can align practice succession with real estate disposition in a way that preserves value and creates a smoother transition.”

 

For more information, please contact Ryan Burke, Michael Moreno, and Rahul Chhajed or visit www.matthews.com.

 

About Matthews™ 

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.