ATLANTA – Bull Realty has brokered the $4.3 million sale of 1753 Peachtree St., a 1.15-acre site in Atlanta. UHS-Pruitt purchased the site on Nov. 12 from Woodhaven Ventures LP with plans develop an upscale six-story, 120-bed skilled nursing facility on the property. The corner site is located less than half a mile south of Piedmont Hospital and the Shepherd Center, one of the top rehabilitation hospitals in the country.
Michael Bull, CCIM, and Daniel Latshaw, CCIM, of Bull Realty marketed the property and represented the seller in the transaction, and Rush Bradley of Lavista Associates represented the buyer.
UHS-Pruitt, which is based in Norcross, Ga., owns and operates healthcare properties throughout the Southeast. The firm plans to tear down the existing single-story, 9,440-square-foot building to make way for a Class A, 60,832-square-foot skilled nursing facility.
The site, located at the intersection of Peachtree Street and Huntington Road in the popular Buckhead area of Atlanta, features 123 feet of frontage on Peachtree Street and a daily traffic count of 39,530 vehicles. The new building will have great views of Buckhead and Midtown and will be convenient to numerous high-end restaurants and stores.
“With its proximity to two premier hospitals, this location represents an outstanding purchase for UHS-Pruitt and an ideal demographic for a skilled nursing facility,” said Michael Bull, the founder and president of Bull Realty. “All the factors are in place for this new development to be a wonderful addition to Buckhead and a very successful project.”
Bull Realty Inc (www.BullRealty.com) is a U.S. commercial real estate sales and consulting firm headquartered in Atlanta. The firm was founded 15 years ago with two primary missions: 1) to provide a company of stellar integrity and reputation, and 2) to provide the best commercial real estate marketing in the nation.