Ackerman Medical Represents Southwest Atlanta Nephrology in Sale of 4-Building, 80,116-SF Medical Office Building Portfolio in Metro Atlanta, GA

2485 Park Central Boulevard, Decatur, GA

Brett Buchwald

ATLANTA, GA – Ackerman Medical, a division of Ackerman & Co., has brokered the sale of a 4-building, 80,116-square-foot medical office portfolio in metro Atlanta on behalf of Southwest Atlanta Nephrology P.C. (SWAN).

The properties were purchased by Elliott Bay Capital Trust LLC (3 buildings) and a private investment group (1 building) for $18,865,000. 

Brett Buchwald, vice president of healthcare investment sales for Ackerman Medical, represented SWAN in the transaction.

 “It’s very gratifying to complete this complex transaction on behalf of Southwest Atlanta Nephrology,” he said, adding that the nearly two-year process involved renegotiating a total of five leases on behalf of SWAN and the other principal tenant at the properties, DaVita Dialysis.

Joe Baldwin

Added Brett, “The strong tenancy and lease terms at the properties ensures a steady, appreciating cash flow for buyers.”

“We’re very pleased to complete the acquisitions of these Atlanta medical properties with Brett Buchwald and the SWAN group. They were great to work with,” said Joe Baldwin, executive vice president, Elliott Bay Capital Trust.

Three of the properties were purchased by Elliott Bay Capital Trust: 3620 Martin Luther King Drive, Atlanta; 2669 Church Street, Atlanta; and 1987 Candler Road, Decatur, Ga.

The fourth property – 2485 Park Central Blvd., Decatur, Ga. – was purchased by a California-based private investment group represented by David Tran of Transmercial.

David Tran

Operating in Atlanta since 1981, Southwest Atlanta Nephrology delivers comprehensive healthcare services with an emphasis on hypertension, kidney disease and kidney transplantation.

CONTACT:

Steve Webb

Marketing Research Coordinator

P: 678.993.2935     F: 770.913.3966

www.ackermanco.com