Ackerman & Co. has closed the sale of 1730 Mount Vernon Road, an 11,386-square-foot medical office building in Dunwoody, Georgia. The property was sold on behalf of the seller, 1730 Mount Vernon Road LLC, with Sean Patrick, Senior Vice President at Ackerman & Co., representing the transaction.
The building is fully leased to a diverse mix of medical and professional office tenants, providing immediate income stability for the buyer. According to Patrick, the sale price exceeded the list price, and the transaction closed in under 30 days from when the property went under contract. "This was an excellent opportunity for the buyer to invest in a 100% leased medical office building in a thriving submarket in a high-visibility location in Dunwoody Village," said Patrick.
The rapid sale at a premium price reflects significant investor interest in healthcare-related real estate assets. Patrick noted that the marketing process "created lots of interest with many investors looking for similar product," indicating strong demand for medical office buildings in strategic locations. As part of the sale closing, Ackerman & Co. secured the leasing and property management contracts for the property, expanding the firm's service portfolio with the new owner.
Strategically located in the heart of Dunwoody Village, an affluent community in Atlanta's Northeast suburbs, the property benefits from high visibility and limited competition. With "limited supply of comparable small-suite medical office buildings in the submarket," the property offers the buyer excellent upside potential for income growth. This transaction highlights the continued attractiveness of medical office real estate as an investment class, particularly in affluent suburban markets with strong demographics.
The sale demonstrates how commercial real estate firms like Ackerman & Co. are capitalizing on investor appetite for healthcare-related properties. The company's ability to execute a premium sale quickly while securing ongoing management contracts illustrates the value of specialized expertise in medical real estate transactions. For business leaders and investors, this transaction signals continued confidence in healthcare real estate fundamentals despite broader economic uncertainties, with fully leased properties in strategic locations commanding premium pricing and rapid execution.
For more information about Ackerman & Co., visit https://www.ackermanco.com.
