Healthcare: MOB at 790 Church St. Sold for $10.1 Million

By Brandon Young for CoStar

Marietta Medical Center LLC, a joint venture between Ackerman & Co. and Marcus Partners, expanded its investment portfolio with the acquisition of 790 Church St. in Marietta, GA, for $10.1 million, or about $103 per square foot. State Farm Federal Credit Union sold the REO property.

Since only 55 percent was occupied at the time of sale, the new ownership plans to bring the occupancy closer to full tenancy.

The five-story, 98,534-square-foot medical office building was constructed in 1988 on 4.5 acres in the Kennesaw/Town Center submarket.

Transwestern represented the seller. There was no buyer broker reported.

[costar.com]

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