Office Medical
Auction - Touro Medical Office Condos
5225 Prytania St, New Orleans, LA 70115
Starting Bid: $150,000
Investment Overview
Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/3137
The offering consists of three third-floor medical office condominiums at 3525 Prytania Street in New Orleans, Louisiana, within the Touro Medical Office property in the Uptown/Garden District. The units are positioned directly across from Touro Infirmary in one of the city’s most established healthcare corridors, giving investors exposure to durable medical office demand supported by nearby hospital services, private practices, lab users, and a dense daytime population.
Importantly, the sale is limited to Units 319, 320, and 321 rather than the entire building, creating an opportunity to acquire a targeted medical office condo assemblage within a larger institutional-quality medical office environment. The asset benefits from walkable access to the St. Charles corridor, strong connectivity through the broader New Orleans metro, and proximity to a wide range of medical and neighborhood amenities that support tenant retention and long-term relevance.
Within the property, occupancy remains high and available space is limited relative to the overall building size, reinforcing the depth of demand for well-located medical office product in this submarket. The combined unit mix also offers flexibility for investors pursuing medical tenancy, owner-user disposition, or phased leasing strategies within a supply-constrained urban healthcare location.
Auction - Touro Medical Office Condos
Investment Highlights
- Auction - May 18-20 | Starting Bid: $150,000
- A three-unit medical office condo offering on the 3rd floor, not the full building, for targeted exposure within an established healthcare property.
- Partially leased to LabCorp, a high-credit national tenant, the property delivers $110,401 in annual income ($9,200.07/month) with built-in rent escalations and stable cash flow.
- Directly across from Touro Infirmary in the Uptown/Garden District, one of New Orleans' most recognized medical corridors.
- Walkable access to St. Charles Avenue transit and strong connectivity to the broader New Orleans metro.
- Situated within a 204,545 SF medical office property that is 97.2% leased, according to CoStar, supporting a stable operating environment.
- The existing tenant base includes healthcare and lab users, reinforcing medical demand and the units' long-term relevance.
- Flexible unit configuration supports medical users, investors, or future owner-users within a supply-constrained urban infill location.
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Starting Bid: $150,000
Investment Highlights
- Auction - May 18-20 | Starting Bid: $150,000
- A three-unit medical office condo offering on the 3rd floor, not the full building, for targeted exposure within an established healthcare property.
- Partially leased to LabCorp, a high-credit national tenant, the property delivers $110,401 in annual income ($9,200.07/month) with built-in rent escalations and stable cash flow.
- Directly across from Touro Infirmary in the Uptown/Garden District, one of New Orleans' most recognized medical corridors.
- Walkable access to St. Charles Avenue transit and strong connectivity to the broader New Orleans metro.
- Situated within a 204,545 SF medical office property that is 97.2% leased, according to CoStar, supporting a stable operating environment.
- The existing tenant base includes healthcare and lab users, reinforcing medical demand and the units' long-term relevance.
- Flexible unit configuration supports medical users, investors, or future owner-users within a supply-constrained urban infill location.
Investment Overview
Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/3137 The offering consists of three third-floor medical office condominiums at 3525 Prytania Street in New Orleans, Louisiana, within the Touro Medical Office property in the Uptown/Garden District. The units are positioned directly across from Touro Infirmary in one of the city’s most established healthcare corridors, giving investors exposure to durable medical office demand supported by nearby hospital services, private practices, lab users, and a dense daytime population. Importantly, the sale is limited to Units 319, 320, and 321 rather than the entire building, creating an opportunity to acquire a targeted medical office condo assemblage within a larger institutional-quality medical office environment. The asset benefits from walkable access to the St. Charles corridor, strong connectivity through the broader New Orleans metro, and proximity to a wide range of medical and neighborhood amenities that support tenant retention and long-term relevance. Within the property, occupancy remains high and available space is limited relative to the overall building size, reinforcing the depth of demand for well-located medical office product in this submarket. The combined unit mix also offers flexibility for investors pursuing medical tenancy, owner-user disposition, or phased leasing strategies within a supply-constrained urban healthcare location.
Exclusively Listed By
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