Categories Seller Representation


Physician cashes out of medical office building

Piedmont Commons Office Park

Advanced Dermatology Case Study

QuantumCRE Listing for Sale – Medical Office Building at 2551 Roswell Road, East Cobb

 

Physician cashes out of medical office building

Client:

How often does a physician make money on real estate that also serves as the location of a successful practice? Advanced Dermatology has multiple locations in Metro Atlanta but wanted to concentrate on patient care on the westside of Atlanta. Dr. Agha, owner of Advanced Dermatology and a 3,528 square foot, free-standing medical office building in Piedmont Commons was looking for options. This East Cobb office was outside Dr. Agha’s core geographic area and he needed an exit strategy.

Situation:

Understanding the general commercial real estate market conditions, demographics and specific property values was critical in evaluating the options for Dr. Agha and making the decision to sell. Dr. Agha engaged QuantumCRE for assistance in listing the property for sale. Piedmont Commons is strategically located in a corridor of “Suburban Periphery” with a high demand for medical specialties but few options for a physician to own their building. Recent property sales comparables indicated a potential value that could more than double Dr. Agha’s investment dollars.

The existing medical use also added potential value to prospective medical users looking to save money on startup costs including the build-out and furniture, fixtures, and equipment. QuantumCRE focused on reaching out to their existing database of medical clients and canvassing successful practices in North Atlanta that potentially could take advantage of the existing build-out.

Results:

The property sold to a dental group within six months of QuantumCRE starting the listing assignment. “We had multiple showings during the first month. After several competitive offers, the property closed. We took the cash and reinvested in our other locations,” says Dr. Agha. We negotiated a sales price that was close to our initial estimate of value in a timeline that exposed the property to multiple users. Dr. Agha adds that “Richard did a great job and we look forward to finding more opportunities to work with QuantumCRE.”

Action:

Are you looking for commercial real estate solutions? QuantumCRE can provide full market research studies including available spaces, lease rates, operating expenses, sales comparables and tenant rosters on medical office buildings in Atlanta and across the Southeast. Call/Text/Email to gain immediate access to our team of professionals.

Richard Smith, Jr., David A. Strickland, and Paul Schwinne — we work with healthcare professionals evaluating real estate solutions.


Wright Psychology Relocating to 302 Stevens Entry, Peachtree City, GA

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Quantum Commercial Real Estate congratulates Wright Psychology on the purchase of their new office at 302 Stevens Entry, an office condo in Peachtree City. Wright Psychology will be moving into their new location at 302 Stevens Entry once renovations are complete. Offering individual counseling and personal therapy for adults, children and adolescents, Wright Psychology is open Monday-Friday from 9am-6pm. Quantum Commercial Real Estate represented the Seller in this transaction. 

Contact Paul Schwinne or David A. Strickland with Quantum Commercial Real Estate at 770-486-8200 for information on their brokerage, investment, management, and development services. 

 

 


Office Condo for Lease / Sale in Executive Office Park

Office Condo

101 Devant Street, Suite 907, in Fayetteville, GA is a 2,500 SF two-level office condo. The space is move-in ready with new paint and carpet. This Suite has 10 offices, 1 conference room, 3 restrooms, and a break room. An excellent location with close proximity to Piedmont Fayette Hospital and Pinewood Studios. 

Contact Michelle Boyd or Paul Schwinne at 770-486-8200 for more property information about this available space. 

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Slingco America, Inc. expands to 20,000 SF Facility in Tyrone, GA

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Paul Schwinne and David A. Strickland attended the ribbon cutting and open house for Slingco America, Inc., an international business with their U.S. base in Tyrone, GA. Slingco has a wide range of products and services, including four divisions: Cablenet Tension Wire Grids, Cable Grips, Cable Assemblies, and Rampspares. With design and manufacturing facilities, they provide cable installation and support to industries such as oil and gas, aerospace, marine and offshore, and the military.  

Quantum Commercial Real Estate assisted Slingco America, Inc. in selling their former location in Kenwood Business Park, a 5,000 SF building, and purchasing their new location, a 20,000 SF building in Shamrock Industrial Park in Tyrone.

Pictured in Photo, Left to Right:  Paul Schwinne (QCRE), Matt Dykins (Principal, Slingco America ), David Schueler (General Manager, Slingco America) and David Strickland (QCRE).