Office Medical
Louisiana ENT Specialists & Fyzical | New Long Term Leases | 3% Annual Increases
5258 Dijon Dr, Baton Rouge, LA 70808
Listing Price: $3,197,000
Cap Rate
7.00%
Gross SF
14,212
Rentable SF
14,212
Price/Gross SF
$224.95
Occupancy
100.0%
Year Built
1980
Lot Size
1.52 acres
Investment Overview
Multi Tenant Medical | Close Proximity to Major Hospital
Louisiana ENT Specialists & Fyzical | New Long Term Leases | 3% Annual Increases
Investment Highlights
- Long Term Leases with Annual Growth Both Leases Feature 3% Annual Rental Increases Throughout Term
- New Leases Executed by Both Tenants LENTS Recently Consolidated Into This Location Executing a 10-Year Lease Fyzical Executed a 7-Year Lease
- Within Close Proximity To Major Hospital Located In the Major Medical Parkway with Little Vacancy 0.5 Mile(s) Away from Our Lady of the Lake Regional Medical Center Our Lady of the Lake Regional Med
- Triple Net Lease Structure LENTS Occupies 12,287 Square Feet and Fyzical Occupies 1,925 Square Feet Both Leases Have a Triple Net Lease Structure with Limited Landlord Responsibilities while Providing Ownership with Ability to Collect Reimbursement for Management Fee
- Longstanding Historical Occupancy at Location ENT Practice Has Been Operating Out of This Facility for 40+ Years Strong Number of Providers and Daily Patients (Contact Broker for Details)
Office Medical
Louisiana ENT Specialists & Fyzical | New Long Term Leases | 3% Annual Increases
Listing Price: $3,197,000
Cap Rate
7.00%
Gross SF
14,212
Rentable SF
14,212
Price/Gross SF
$224.95
Occupancy
100.0%
Year Built
1980
Lot Size
1.52 acres
Investment Highlights
- Long Term Leases with Annual Growth Both Leases Feature 3% Annual Rental Increases Throughout Term
- New Leases Executed by Both Tenants LENTS Recently Consolidated Into This Location Executing a 10-Year Lease Fyzical Executed a 7-Year Lease
- Within Close Proximity To Major Hospital Located In the Major Medical Parkway with Little Vacancy 0.5 Mile(s) Away from Our Lady of the Lake Regional Medical Center Our Lady of the Lake Regional Med
- Triple Net Lease Structure LENTS Occupies 12,287 Square Feet and Fyzical Occupies 1,925 Square Feet Both Leases Have a Triple Net Lease Structure with Limited Landlord Responsibilities while Providing Ownership with Ability to Collect Reimbursement for Management Fee
- Longstanding Historical Occupancy at Location ENT Practice Has Been Operating Out of This Facility for 40+ Years Strong Number of Providers and Daily Patients (Contact Broker for Details)
Investment Overview
Multi Tenant Medical | Close Proximity to Major Hospital
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