Doctors Medical Park

Avison Young’s U.S. Capital Markets Group, as exclusive advisor to the Owner, is pleased to present the opportunity to acquire Doctors Medical Park (the “Property”), an 80% leased, 90,076 square foot (sf) hospital-adjacent outpatient clinical park. The three buildings are well-maintained and poised for immediate value creation through new lease-up by an experienced and well-capitalized owner who can effectively transact in an active leasing market. The buildings have little outstanding capex burden, current ownership having recently upgraded the HVAC systems, replaced the roofs, and resurfaced and restriped the parking lot.

Doctors Medical Park serves an exceedingly affluent and health-conscious patient base which spends 150% the national average on healthcare. Its position directly on Georgia Avenue near its intersection with the Capital Beltway provides ease of access to hundreds of thousands of patients and it is located less than one mile from Holy Cross Hospital, the third largest hospital in the DC Metro. The Property is anchored by Community Radiology Associates, The Ladas Eye Group, and Capital Women’s Care, and is further occupied by a diverse roster of medical tenants with an average tenure of more than eight years at Doctors Medical Park. The Property’s’ long-standing, stable cash flow provides a solid foundation on which to employ a targeted leasing strategy to achieve full stabilization. Montgomery County’s recent rezoning of the site allows for +/- 250,000 sf of mixed-use development, providing exit strategy optionality.