Property History
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Marketing Description
This single tenant office investment is being offered for sale at a 13.18% Cap Rate with an established high-quality tenant (i3-ACS Medical Business Solutions) in place.
ACS Medical Business Solutions, a Lafayette based medical billing software company founded in 1969, has occupied the property for over 7 years and their current lease runs through September 30, 2026.
In 2021, ACS Medical Business Solutions was purchased by i3 Verticals, Inc. and became i3-ACS Medical Business Solutions, a subsidiary of i3 Verticals, Inc
i3 Verticals, Inc., a software company founded in 2012 and headquartered in Nashville, TN, delivers integrated payment and software solutions to small and medium-sized businesses throughout the United States. i3 Verticals is a publicly traded company on the NASDAQ stock exchange with a market cap of over 465 million, as of October 18, 2022. The company had quarterly earnings of $80.6 million in Q3 2022 and has a projected annual revenue of over $307 million for fiscal year 2022.
The tenant is paying $18,790.50 per month in rent, equaling $225,486 in Gross Annual Income. The projected Net Operating Income for 2023, based on 2021 operating expenses, is $184,410.
This office building is situated on 1.925 Acres with tons of parking. 75 parking spaces total giving the property a parking ratio of 5.97 parking spots per 1,000 SF.
This property is in a great location in Alexandria, Louisiana with high visibility. Located on Hwy 71 South, a major thoroughfare, with approximately 14,000 cars per day driving passed the property. Also has quick easy access to I-49.
Loan History
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Contact Information
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Ownership Information
Property Details
Contacts
Listing removed on
BY:
Joey Canella
•••.•••.0286
••••ella@••••••••••••.com
Listing removed on
BY:
Steve Legendre, CCIM
•••.•••.3783
•••••ndre@••••••••••••.com
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