A great opportunity to acquire a core Medical Office asset in a top growing MSA in the US
Lakeside Professional Center
MEDICAL 42 | GEORGIA, USA
Why we really liked this 23,555 SF building, situated in Duluth on the North-eastern growth corridor of Atlanta, is that it is 100% leased by medical tenants, especially dentists.
Particularly attractive is the fact that all leases are “Triple Nett” which means that all expenses are passed through to the tenants. This means that dividend income is significantly more predictable in the current environment of uncertainty. The Net Rental income comfortably supports a 7% COC and 11% IRR.
The existing stable income stream secures the CORE nature of this property and underpins our first principle of capital preservation, while the synergistic relationships between the tenants and the excellent location make this an exciting investment opportunity.
Want more Information?
Complete the Form
Book a Call
Key Facts & Figures
Location
The Lakewood Professional Center building is located approximately 22 miles Northeast of Downtown Atlanta, Georgia as well as approximately 4 miles East of Northside Hospital Duluth.
Medical Office Building
The property has a total of 23,555 square feet and is currently 100% leased by all medical tenants.
Returns
Forecast quarterly dividend between 7% to 8% annualized with a targeted IRR range of 11% to 12% (before Tax).
Purchase
The total acquisition cost is $8,330,497 million of which $680,497 thousand is a provision for transaction costs.
Funding
The $3.36 million equity includes a contribution investment from the sponsor OrbVest.
Holding Period
The investment period is planned for 5 years although this period can be shortened or lengthened by the Manager depending on performance and market conditions.
Contact us and we'll send you the brochure with more information.
Contact us and we'll send you the brochure with more information.
