MOBs Attracting Strong Buyer Interest

ATLANTA-There’s an old saying that one cannot run from the past. Yet, while a three-building, 184,705 square foot medical office building (MOB) portfolio for sale in the Atlanta suburbs has a checkered history, the broker says there is undoubtedly room for redemption for the portfolio and plenty of potential upside for a new owner.

All three of the buildings were pushed into foreclosure in 2009-10 by the Great Recession, the overbuilding of healthcare real estate in the Atlanta area and other factors. The current owner/seller snapped them up at a discount at the bottom of the market and repackaged them during a period of increased demand and stronger pricing.