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Single-Tenant Office Medical

Fresenius

2908 General De Gaulle Dr, New Orleans, LA 70114

Listing Price: $6,017,000

Cap Rate
5.75%
Tenant Name
Bio-Medical Applications of Louisiana, Inc.
Years Remaining On Lease
9.8
Guarantor
Corporate Guarantee
Rentable SF
7,235
Lease Type
Double Net
Rent Per Square Feet
$47.83

Investment Overview

The NNN Pro Group of Marcus & Millichap is pleased to present the exclusive listing for the Fresenius Medical Care located at 2908 General De Gaulle Dr, New Orleans, Louisiana. The site consists of roughly 7,235 rentable square feet of building space on estimated 0.97-acre parcel of land. This Fresenius was built-to-suit in 2017 and is subject to a 15-year double-net (NN) lease with approximately 10 years of term remaining. The Landlord is responsible for roof & structure. The rent is $346,014 and shall increase by 10% every five-years through the rest of the base term and in each of the three, five-year options.

Investment Highlights

  • 15-Year Double-Net (NN) Lease With Approximately 10 Years of Lease Term Remaining | Minimal Landlord Responsibilities That are Not Reimbursed | Primarily Roof & Structure
  • Attractive Rental Increases of10% Every 5 Years
  • (3) Three (5) Five-Year Options Bringing the Potential Lease Term to 25 Years

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Josh Kanter

    Licensed Real Estate Salesperson

    (212) 430-5189

    Email Josh

    License(s): NY: 10401265643

    Manhattan

Single-Tenant Office Medical

Fresenius

Listing Price: $6,017,000

Cap Rate
5.75%
Tenant Name
Bio-Medical Applications of Louisiana, Inc.
Years Remaining On Lease
9.8
Guarantor
Corporate Guarantee
Rentable SF
7,235
Lease Type
Double Net
Rent Per Square Feet
$47.83

Investment Highlights

  • 15-Year Double-Net (NN) Lease With Approximately 10 Years of Lease Term Remaining | Minimal Landlord Responsibilities That are Not Reimbursed | Primarily Roof & Structure
  • Attractive Rental Increases of10% Every 5 Years
  • (3) Three (5) Five-Year Options Bringing the Potential Lease Term to 25 Years

Investment Overview

The NNN Pro Group of Marcus & Millichap is pleased to present the exclusive listing for the Fresenius Medical Care located at 2908 General De Gaulle Dr, New Orleans, Louisiana. The site consists of roughly 7,235 rentable square feet of building space on estimated 0.97-acre parcel of land. This Fresenius was built-to-suit in 2017 and is subject to a 15-year double-net (NN) lease with approximately 10 years of term remaining. The Landlord is responsible for roof & structure. The rent is $346,014 and shall increase by 10% every five-years through the rest of the base term and in each of the three, five-year options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Josh Kanter

    Licensed Real Estate Salesperson

    (212) 430-5189

    Email Josh

    License(s): NY: 10401265643

    Manhattan

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