Press Releases
Marcus & Millichap Brokers $4.7M Sale of Baptist Health Medical Office Property in Pike Road, Alabama
December 17, 2025
PIKE ROAD, Ala., Dec. 17, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 12,800-square-foot medical office building, occupied by Baptist Health, in Pike Road, Alabama, for $4,691,500.
“Securing a brand-new facility anchored by Central Alabama’s premier healthcare provider highlights the strength and stability investors are seeking in today’s market,” said Sam Malato, director investments. “With Pike Road’s rapid growth and strong market fundamentals, this asset is well-positioned to deliver reliable income and contribute to long-term dividend performance for our client. We remain highly optimistic about the region’s continued development and demand.”
Malato and Dominic Sulo, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, in association with Eddie Greenhalgh, Marcus & Millichap’s Alabama broker of record, had the exclusive listing to market the property on behalf of the seller, a local developer, and procured the buyer, a California publicly traded REIT.
Built in 2025, the property is located at 9570 Vaughn Road and sits on 1.24 acres in a high-traffic retail corridor. It is secured by a new 10-year lease with Baptist Health, an affiliate of the University of Alabama Health System. Nearby retailers include Publix Super Market, which recorded more than 945,000 visits between April 2024 and March 2025, as well as several national tenants in adjacent and upcoming developments.
“Securing a brand-new facility anchored by Central Alabama’s premier healthcare provider highlights the strength and stability investors are seeking in today’s market,” said Sam Malato, director investments. “With Pike Road’s rapid growth and strong market fundamentals, this asset is well-positioned to deliver reliable income and contribute to long-term dividend performance for our client. We remain highly optimistic about the region’s continued development and demand.”
Malato and Dominic Sulo, investment specialists in Marcus & Millichap’s Chicago Oak Brook office, in association with Eddie Greenhalgh, Marcus & Millichap’s Alabama broker of record, had the exclusive listing to market the property on behalf of the seller, a local developer, and procured the buyer, a California publicly traded REIT.
Built in 2025, the property is located at 9570 Vaughn Road and sits on 1.24 acres in a high-traffic retail corridor. It is secured by a new 10-year lease with Baptist Health, an affiliate of the University of Alabama Health System. Nearby retailers include Publix Super Market, which recorded more than 945,000 visits between April 2024 and March 2025, as well as several national tenants in adjacent and upcoming developments.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
