Ackerman & Co. has closed the sale of 1730 Mount Vernon Road, an 11,386-square-foot medical office building in Dunwoody, Georgia. The property was sold on behalf of the seller, 1730 Mount Vernon Road LLC, and was fully leased to a diverse mix of medical and professional office tenants at the time of the transaction. Sean Patrick, Senior Vice President at Ackerman & Co., represented the seller in the deal.
Patrick noted the sale represented an excellent opportunity for the buyer to invest in a 100% leased medical office building in a thriving submarket. "I'm pleased to achieve a sale above the list price and succeed in closing the sale in under 30 days from when the property went under contract," Patrick said. "Our marketing process created lots of interest with many investors looking for similar product." The swift, above-asking-price sale underscores the competitive nature of the market for well-located, income-producing medical real estate assets.
Strategically located in the heart of Dunwoody Village, an affluent community in Atlanta's Northeast suburbs, the building benefits from a high-visibility location. The transaction is significant for the commercial real estate industry as it demonstrates continued investor appetite for medical office properties, particularly those in supply-constrained, affluent suburban markets. With limited supply of comparable small-suite medical office buildings in the submarket, the property offers the buyer excellent upside potential for income growth, a key factor driving investor interest.
As part of the sale closing, Patrick secured the leasing and property management contracts for Ackerman & Co., indicating the firm's integrated service model extends beyond brokerage. Ackerman & Co. is a full-service commercial real estate firm, and more information about its services can be found at https://www.ackermanco.com. The firm has developed and acquired 44 million square feet of space across various sectors, including medical, and maintains a significant investment portfolio.
This transaction matters because it serves as a barometer for the health of the medical office real estate sector. The rapid sale at a premium price signals strong underlying demand, which can influence investment strategies and development plans. For the local economy, the stability of a fully leased medical building supports healthcare service accessibility and professional employment in the Dunwoody community. The deal also highlights the strategic value of properties in established, affluent suburbs where new development opportunities are limited, making existing assets like 1730 Mount Vernon Road particularly attractive for long-term investment.
