2855 Old Highway 5 - Medical FOR SALE


Blue Ridge, GA 30513
$2,965,000 USD
302-584-6901
2855 Old Highway 5, Blue Ridge, GA for Sale
$2,965,000 USD
Medical - FOR SALE
1/19
null | 10.1% Cap Rate

2855 Old Highway 5
Blue Ridge, GA 30513


HIGHLIGHTS

  • 100% Leased MOB Connected to Regional Hospital
  • High-Yield Opportunity
  • High Healthcare Demand Area Driven by 55+ Population
  • Only Critical Access Hospital within ~25 Miles
  • Strong Demographic Momentum

OVERVIEW

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the leasehold interest in a 100% leased multi-tenant medical office property, (the “Property”) in Blue Ridge, Georgia, a scenic mountain town nestled in the heart of the North Georgia Blue Ridge Mountains. This offering provides investors the rare opportunity to acquire a stabilized, multi-tenant medical office building directly connected to a regional hospital via interior double-doors. As the only on-campus medical office building serving the hospital, the asset delivers a unique competitive advantage and consistent tenant demand. Coupled with its above-market yield, this investment combines immediate income generation with long-term stability driven by healthcare’s recession-resistant fundamentals. The connecting hospital was recently acquired by a private owner with plans to invest over $16,000,000 into the facility. The property is fully occupied by a strong mix of healthcare tenants, anchored by two major health systems along with one of the largest gastroenterology practices in the United States. Current occupants include Blue Ridge Medical Center, Atlanta Gastroenterology Associates, and Northside Hospital, which operates both an OB/GYN practice and a Heart & Vascular Center. This diversified lineup of essential healthcare providers creates a stable, recession-resistant tenant base that drives consistent long-term demand and reliable cash flow. Blue Ridge Medical Center, formerly known as Fannin Regional Hospital, is the only hospital within ~25 miles of Blue Ridge, Georgia. Blue Ridge Medical Center serves Fannin, Gilmer, and Union counties as well as parts of Tennessee and North Carolina. The property is positioned in a market with a strong concentration of aging residents, a key driver of healthcare demand. Within 10 miles, 47% of the total population is aged 55+, creating a deep and growing patient base well-suited for the property’s multiple medical specialties. The 2-mile trade area has demonstrated impressive growth since 2020, with population increasing by 6.9% and households by 8.8%. This upward trajectory is expected to continue, with projected growth through 2030 of 4.1% in population and 5.3% in households, ensuring a steadily expanding customer base and long-term demand drivers for the property. HIGH-YIELD OPPORTUNITY – This offering provides investors the rare opportunity to acquire a stabilized, multi-tenant medical office building directly connected to a regional hospital via interior double-doors. As the only on-campus medical office building serving the hospital, the asset delivers a unique competitive advantage and consistent tenant demand. Coupled with its above-market yield, this investment combines immediate income generation with long-term stability driven by healthcare’s recession-resistant fundamentals. HEALTHCARE DEMAND DRIVEN BY 55+ POPULATION – The property is positioned in a market with a strong concentration of aging residents, a key driver of healthcare demand. Within 10 miles, 47% of the total population is aged 55+, creating a deep and growing patient base well-suited for the property’s multiple medical specialties. ONLY CRITICAL ACCESS HOSPITAL WITHIN 25 MILES – Blue Ridge Medical Center, formerly known as Fannin Regional Hospital, is the only hospital within ~25 miles of Blue Ridge, Georgia. Blue Ridge Medical Center serves Fannin, Gilmer, and Union counties as well as parts of Tennessee and North Carolina. 100% LEASED TO LEADING MEDICAL USERS – The property is fully occupied by a strong mix of healthcare tenants, anchored by two major health systems along with one of the largest gastroenterology practices in the United States. Current occupants include Blue Ridge Medical Center, Atlanta Gastroenterology Associates, and Northside Hospital, which operates both an OB/GYN practice and a Heart & Vascular Center. This diversified lineup of essential healthcare providers creates a stable, recession-resistant tenant base that drives consistent long-term demand and reliable cash flow. STRONG DEMOGRAPHIC MOMENTUM – The 2-mile trade area has demonstrated impressive growth since 2020, with population increasing by 6.9% and households by 8.8%. This upward trajectory is expected to continue, with projected growth through 2030 of 4.1% in population and 5.3% in households, ensuring a steadily expanding customer base and long-term demand drivers for the property.

FOR SALE DETAILS

PRICE

$2,965,000 USD

PRICE/SF

$202 USD /SF

CAP RATE

10.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blue Ridge Medical Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,646 SF

ZONING

C1

APN/PARCEL ID

0058-A-011,0058-A-01101

ASK ABOUT THIS PROPERTY

Marco DiPrinzioForged Real EstateMore Info
302-584-6901

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Marco DiPrinzioForged Real EstateMore Info
302-584-6901

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.