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27921031
27921032

5258 Dijon Dr, Baton Rouge, LA 70808

SG
FL SL3288412
Marcus & Millichap - Orlando
CB
Fl SL3424071
Marcus & Millichap - Orlando
SK
FL FL SL3508957
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando
$3,197,000
228 days on market
Updated 122 days ago

Louisiana ENT Specialists & Fyzical | New Long Term Leases

Details
Property Type Office
Sub Type Medical Office
Square Footage 14,212
Cap Rate 7%
NOI $223,849
Occupancy 100%
Tenancy Multi
Brand/Tenant Louisiana ENT Specialists, Fyzical
Lease Type NN+
Lease Term 10
Lease Expiration 10/30/2035
Remaining Term 9.4
Rent Bumps Yes
Lease Options Two Five Year Options
Price per SqFt $225
Year Renovated 2019
Acreage 1.520
Investment Type Net Lease
Lease Commencement 10/31/2025

3% Annual Increases | Strong Provider and Patient Count

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 Medical Center is One of the 25 Largest Hospitals

  • A More-Than 900 Licensed Bed Hospital

  • The Area’s Only Level 1 Trauma Center

  • More Than 650-Provider Care Network Covering More Than 40 Specialties

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)

Listing Contacts

SG
FL SL3288412
Marcus & Millichap - Orlando
CB
Fl SL3424071
Marcus & Millichap - Orlando
SK
FL FL SL3508957
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$223,849.00
$18,654.08/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Steve Greer
License
LA BROK.995710346-ACT
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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