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| 1753 Peachtree Street, Atlanta, GA |
ATLANTA, GA – Bull Realty has brokered the $4.3 million sale
of 1753 Peachtree St., a 1.15-acre site in Atlanta.
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| Michael Bull |
UHS-Pruitt purchased the site on Nov. 12 from Woodhaven
Ventures LP with plans develop an upscale six-story, 120-bed skilled nursing
facility on the property.
The corner site is located less than half a mile south of
Piedmont Hospital and the Shepherd Center, one of the top rehabilitation
hospitals in the country.
Michael Bull, CCIM, and Daniel Latshaw, CCIM, of Bull
Realty marketed the property and represented the seller in the transaction. Rush
Bradley of Lavista Associates represented the buyer.
UHS-Pruitt, which is based in Norcross, Ga., owns and
operates healthcare properties throughout the Southeast.
The firm plans to tear
down the existing single-story, 9,440-square-foot building to make way for a
Class A, 60,832-square-foot skilled nursing facility.
The site, located at the intersection of Peachtree Street
and Huntington Road in the popular Buckhead area of Atlanta, features
123 feet of frontage on Peachtree Street and a daily traffic count of 39,530
vehicles. The new building will have great views of Buckhead and Midtown and
will be convenient to numerous high-end restaurants and stores.
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| Rush Bradley |
“With its proximity to two premier hospitals, this location
represents an outstandingpurchase for UHS-Pruitt and an ideal demographic for a
skilled nursing facility,” said Michael Bull, the founder and president of Bull
Realty.
“All the factors are in place for this new development to be a
wonderful addition to Buckhead and a very successful project.”
For a complete copy of the company’s news release, please
contact:
Stephen Ursery • The Wilbert Group
1720 Peachtree St., Suite 350 • Atlanta, Ga. 30309
O: 404-549-7150 • M:
404-405-2354
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