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Why Suburban MOBs Are On The Rise
- 2. As the population of patients requiring healthcare services existing medical office building (MOB) inventory is being GROWS, STRAINED NATIONWIDE
- 4. of younger doctors are burdened with student loans OVER % Medical school graduates carry debt, on average about $190,000 following graduation This makes it very difficult for young doctors to buy into practices or medical real estate.
- 5. INTOWN ATL IS EXPENSIVE The average rental rates for MOBs in both Midtown and Buckhead is approximately $32 NNN
- 6. On campus MOB product in the Pill Hill submarket is CROWDED CROWDED CROWDED 40%40% of available hospital beds in the Atlanta metro area are located within CENTRAL PERIMETERCENTRAL PERIMETER
- 7. D A key factor for suburban MOB is the convenience for patientās accessibility. Doctors are looking for office spaces that make patients feel comfortable and help provide a more humanized experience. ā¢ Bright and open reception and waiting areas ā¢ Easily-navigated surface parking lots
- 8. ā¢ Close proximity to patients ā¢ Realistic and managable rental rates ā¢ Office space that more closely resembles their lifestyle DOCTORS ARE LOOKING FOR
- 9. SO DOCTORS ARE GOING SUBURBAN SO DOCTORS ARE GOING SUBURBAN
- 10. Research provided by Cushman and Wakefield supports SG Property Servicesā (SGPS) thesis for investing in the suburban markets: Atlantaās top four MOB lease transactions in 2019 were executed in submarkets outside the urban core, including South Atlanta, Central Perimeter and North Fulton.
- 11. Over the past year, SGPS has executed 7 transactions, exceeding in MOB deals outside the perimeter of Atlanta $110 MILLION$110 MILLION
- 13. TOWN LAKE OVERLOOK ā¢ 100 STONEFOREST DR. ā¢ 52,297 SF ā¢ 90% LEASED ā¢ KEY TENANTS INCLUDE: - Pediatric and Adolescent Medicine, P.A. - Atlanta Allergy & Asthma WOODSTOCK
- 14. THE SWAN BUILDING ā¢ 4165 OLD MILTON PKWY ā¢ 44,893 SF ā¢ 80% LEASED ā¢ KEY TENANTS INCLUDE: - Swan Center for Plastic Surgery - Atlanta Vascular & Vein Care ALPHARETTA
- 15. NORTH PARK ā¢ 135 NORTHPARK PLACE ā¢ 31,898 SF ā¢ 86% LEASED ā¢ KEY TENANTS INCLUDE: - Piedmont Healthcare - Ambulatory Surgery Center STOCKBRIDGE
- 16. PRESTLEY MILL MEDICAL CENTER ā¢ 4586 TIMBER RIDGE DR. ā¢ 28,041 SF ā¢ 91% LEASED ā¢ KEY TENANTS INCLUDE: - Northside Hospital - Center for Spine Interventions DOUGLASVILLE
- 17. WHERE TO FIND OUR SUBURBAN MOBS In addition to these in the Atlanta Metro, SGPS also owns MOB product in North Georgia, Dallas - Ft W and Raleigh-Durham
- 18. For more information on SG Property Services, visit www.sgpropertyservicesllc.com and follow the firm on LinkedIn www.linkedin.com/company/sg-property-services for updates on our most recent transactions, projects, and available medical spaces.