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Office Medical

LifeStance Health | Single-Tenant Medical Office Condo | Atlanta MSA

5965 Pkwy N Blvd, Cumming, GA 30040

Listing Price: $770,000

Cap Rate
7.01%
Gross SF
2,800
Rentable SF
2,800
Price/Gross SF
$275.00
Occupancy
100.0%
Year Built
2005
Lot Size
0.04 acres

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the LifeStance Health medical office condo located in Cumming, GA. Situated within the Creekside Professional Village, the subject property totals 2,800 square-feet and is fully occupied by a subsidiary of LifeStance Health, Inc., (NASDAQ: LFST). Founded in 2017 with over 550+ locations in 33 states, LifeStance now one of the nation's largest providers of virtual and in-person outpatient mental health care. The tenant has roughly 3 years of term remaining with 3% annual escalations and two, 5-year renewal options. The subject property is ideally located less than four miles from the Northside Hospital Forsyth, a major healthcare facility with over 405 beds.

Investment Highlights

  • Single-Tenant Medical Office Condo | Fully Occupied by a Subsidiary of LifeStance Health, Inc. (NASDAQ: LFST)
  • Strong Tenancy | LifeStance Health Reported Over $1.05B in Revenue for 2023 | One of the Nation's Largest Providers for Outpatient Mental Heath Care | 550+ Locations Across 33 States
  • +/- 3 Years of Term Remaining with 3% Annual Escalations & Two, 5-Year Options
  • Less than 4 Miles from Northside Hospital Forsyth (405+ Beds | 1,700+ Physicians | 4,000+ Employees)
  • Positioned Just Off of Bethelview Rd & 0.5 Miles from Highway 19

Exclusively Listed By

Financing By

Office Medical

LifeStance Health | Single-Tenant Medical Office Condo | Atlanta MSA

Listing Price: $770,000

Cap Rate
7.01%
Gross SF
2,800
Rentable SF
2,800
Price/Gross SF
$275.00
Occupancy
100.0%
Year Built
2005
Lot Size
0.04 acres

Investment Highlights

  • Single-Tenant Medical Office Condo | Fully Occupied by a Subsidiary of LifeStance Health, Inc. (NASDAQ: LFST)
  • Strong Tenancy | LifeStance Health Reported Over $1.05B in Revenue for 2023 | One of the Nation's Largest Providers for Outpatient Mental Heath Care | 550+ Locations Across 33 States
  • +/- 3 Years of Term Remaining with 3% Annual Escalations & Two, 5-Year Options
  • Less than 4 Miles from Northside Hospital Forsyth (405+ Beds | 1,700+ Physicians | 4,000+ Employees)
  • Positioned Just Off of Bethelview Rd & 0.5 Miles from Highway 19

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the LifeStance Health medical office condo located in Cumming, GA. Situated within the Creekside Professional Village, the subject property totals 2,800 square-feet and is fully occupied by a subsidiary of LifeStance Health, Inc., (NASDAQ: LFST). Founded in 2017 with over 550+ locations in 33 states, LifeStance now one of the nation's largest providers of virtual and in-person outpatient mental health care. The tenant has roughly 3 years of term remaining with 3% annual escalations and two, 5-year renewal options. The subject property is ideally located less than four miles from the Northside Hospital Forsyth, a major healthcare facility with over 405 beds.

Exclusively Listed By

Financing By

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