January 25, 2021
Class A Medical Office Building in Newnan GA Sold for $7.1 Million
Ackerman Medical’s Brett Buchwald brokers sale of medical facility 100% occupied by Piedmont Newnan Hospital and Piedmont Heart Institute.
ATLANTA, January 25, 2021 – Ackerman Medical, the healthcare real estate group of Ackerman & Co., has completed the sale of 20 Francis Way, a 30,000-square-foot, Class A medical office building in Newnan, Ga. The building, 100 percent leased to Piedmont Newnan Hospital and Piedmont Heart Institute, was sold to Anchor Health Properties for $7,100,000.
Brett Buchwald, Vice President of Healthcare Investment Sales for Ackerman Medical, represented the seller, Coweta County Medical Office Investors LLC, in the transaction.
“This property presented an outstanding investment opportunity thanks to its proven roster of practices offering synergistic healthcare services to the surrounding Peachtree City and Newnan communities,” said Brett Buchwald. “I was able to help enhance asset value with the landlord by extending and renegotiating 14,210 square feet of leases.”
20 Francis Way is located directly off Highway 34 in Newnan, a growing healthcare hub of south metro Atlanta. Strategically positioned between two hospitals – Piedmont Newnan and Piedmont Fayette – 20 Francis Way is also near health & rehabilitation and urgent care facilities, as well as orthopedics and other specialty medical offices.
Piedmont Healthcare is a leading health system in the treatment of heart disease, organ transplantation and cancer care, with 11 hospitals, 27 urgent care centers and 34 Piedmont QuickCare locations.
About Ackerman & Co.
Headquartered in Atlanta, Ackerman & Co. is a privately held, full-service commercial real estate firm focused on providing quality investment, brokerage, management and development services in the Southeast. The company, founded in 1967, retains an expert team of more than 100 real estate professionals. To date, Ackerman & Co. has developed and acquired 37 million square feet of office, medical, industrial, retail and mixed-use space, has 4.5 million square feet under management, and maintains an investment portfolio valued at $1 billion. For more information, visit www.ackermanco.com
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