Ackerman & Co. has closed the sale of 1730 Mount Vernon Road, an 11,386-square-foot medical office building in Dunwoody, Georgia, on behalf of the seller. The property was fully leased to a diverse mix of medical and professional office tenants at the time of sale. Sean Patrick, Senior Vice President at Ackerman & Co., represented the seller, 1730 Mount Vernon Road LLC, in the transaction.
Patrick noted the sale represented an excellent opportunity for the buyer to invest in a 100% leased medical office building in a thriving submarket. The property is situated in a high-visibility location within Dunwoody Village. The sale price exceeded the initial list price, and the closing was completed in under 30 days from when the property went under contract. According to Patrick, the marketing process generated significant interest from many investors seeking similar product types in the medical office sector.
As part of the sale closing, Patrick secured the leasing and property management contracts for Ackerman & Co., extending the firm's ongoing involvement with the asset. The building is strategically located in the heart of Dunwoody Village, an affluent community within Atlanta's Northeast suburbs. The submarket has a limited supply of comparable small-suite medical office buildings, which positions the property to offer the buyer substantial upside potential for future income growth.
The transaction underscores continued investor appetite for medical office real estate, particularly in established, affluent suburban locations. The rapid closing timeline and sale above list price suggest a competitive bidding environment, reflecting confidence in the stability and growth prospects of the healthcare real estate sector. For the local market, the sale reinforces the value of well-located, fully occupied medical properties. The deal may influence pricing and investment strategies for similar assets in the Atlanta metropolitan area and other Southern markets where Ackerman & Co. operates. The firm's broader portfolio and experience, detailed at https://www.ackermanco.com, provide context for its role in such transactions. The outcome demonstrates the efficiency of specialized brokerage services in navigating commercial real estate sales, especially for niche property types like medical offices where tenant mix and location are critical value drivers.
