Strategic Acquisition
120 Hawthorne Park, Athens, GA
Strategic Acquisition
120 Hawthorne Park, Athens, GA
LOCATION
Athens, GA
SIZE
6,766 SF
TYPE
Medical
LOCATION
Athens, GA
SIZE
6,766 SF
TYPE
Medical
SITUATION
An investor client was seeking long-term income stability, tax efficiency, and alignment with high-quality healthcare real estate objectives. The acquisition of 120 Hawthorne Avenue in Athens, Georgia, a 6,766 square foot medical property met the key requirements.
RESULTS
The driver of the investment is the net lease with Piedmont Healthcare, a respected regional health system with a nearby hospital presence and a strong operating track record. The lease offered a secure income stream with substantial term remaining and a high likelihood of renewal and well positioned for long-term value. Further, the acquisition was structured as a 1031 tax-deferred exchange, allowing the client to redeploy proceeds from a prior sale without triggering capital gains taxes.
SERVICES PROVIDED
- Achieved an 8.1% cap rate at acquisition
- Obtained an investment with minimal landlord responsibilities
- Secured passive, predictable income.
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