Parsons Meadow Professional Park
StackSource recently sourced an acquisition loan for the 10700 Building located in the Parsons Meadow Professional Park (PMPP), a 9 building medical office complex located in Johns Creek, GA. The 10700 Building is a 32,069 square foot, multi-tenant medical office building currently 69% occupied by medical tenants and 96% occupied overall. PMPP is largely comprised of medical companies due to its close proximity to Emory Johns Creek Hospital & Northside Hospital Duluth. Johns Creek, GA boasts some of the strongest demographics in the Atlanta MSA with 200K people and an average household income of $157K within a 5-mile radius of the subject property. Capital Advisor, Andrew Bouton, worked with a Northeast based bank to secure a non-recourse, 65% LTV product. The loan came with a 2.95% fixed rate for 5 years based on a 25-year amortization schedule.