The Capital City Physicians Building will be auctioned off at a bank-ordered sale on Sept. 25. The 55,000-square-foot space was purchased in 2019 for $6.3 million by Bauman & Co., an Atlanta-based firm that invests in medical office buildings.
Bauman defaulted on the loan on the property, prompting its lender, South State Bank, to step in and foreclose, according to the report.
The building is about 25% leased and was most recently assessed at $5.3 million.
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