CA Firm Invests $5M in Stockbridge Medical Space

Montrose, CA-based chartered corporation Eagle Atlanta Med LLC completed its purchase of the 17,900-square-foot medical space at 919 Eagles Landing Parkway in Stockbridge, GA. G&C Realty LLC sold the eight-year-old building and its .91-acre land parcel for $5.1 million, or about $285 per square foot.

Consisting of four units of fully leased medical space, the property offered the purchaser a cap rate of nearly 8% in an area of Henry County that has undergone a 40.6% growth rate in the past half decade.

Marcus and Millichap handled both sides of the deal, with Michael Sunshine and Adam Kepler of the national office and industrial properties group - Atlanta representing the seller, and Joshua Levy of Marcus and Millichap’s Los Angeles office representing the buyer.

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source: costar.com