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32747634
32747637

5408 Flanders Dr, Baton Rouge, LA 70808

CB
Fl SL3424071
Marcus & Millichap - Orlando
GF
FL SL 3469013
Marcus & Millichap - Orlando
SK
FL FL SL3508957
Marcus & Millichap - Orlando
Listed by Marcus & Millichap - Orlando
$3,030,323
18 days on market
Updated 18 days ago

Resolve Pain Solutions | Hospital Adjacent

Details
Property Type Office
Sub Type Medical Office
Square Footage 9,394
Cap Rate 7.75%
NOI $234,850
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 04/30/2029
Remaining Term 3
Rent Bumps Yes
Lease Options One 5-Year Option
Price per SqFt $323
Year Built 1984
Buildings 1
Acreage 1.190
Investment Type Net Lease
Lease Commencement 05/01/2024

Office | 7.75% CAP | 9,394 SqFt

Investment highlights

Triple Net Lease Structure - Allows for Passive Ownership

Growing Practice with Strong Presence and Backing by Compass Group Equity Partners- Spine Diagnostic & Pain Treatment Center Acquired by Resolve Pain Solutions in 2026Compass Group Equity Partners has $800+ million in AUM

5-Year Lease Executed May 2024- Features Attractive CPI Increase During Renewal Option

Baton Rouge Serves as Regional Spine Patient Referral Hub-Home of The Spine Hospital of Louisiana

Patients Travel to Baton Rouge for Complex Spine and Neurological Treatment

Surrounded by Synergistic Medical Tenants- Growing Area With High Demand for Medical Office Space

Significant Historical Occupancy- Spine Diagnostic & Pain Treatment Center has Been in the Market for 23+ Years

Proximity to Major Hospital-

Located In the Major Medical Parkway with Minimal Vacancy 0.28 Mile(s) from Our Lady of the Lake Regional Medical Center Our Lady of the Lake Regional Medical Center is One of the 25 Largest Hospitals

900+ Licensed Bed Hospital

The Area’s Only Level 1 Trauma Center

  • 650+ Provider Care Network Covering More Than 40 Specialties
  • Spine Diagnostic & Pain Treatment Center has Been in the Market for 23+ Years
  • Baton Rouge Serves as Regional Spine Patient Referral Hub
  • Home of The Spine Hospital of Louisiana
  • Patients Travel to Baton Rouge for Complex Spine and Neurological Treatment
  • Surrounded by Synergistic Medical Tenants
  • Growing Area With High Demand for Medical Office Space
  • Proximity to Major Hospital
  • Located In the Major Medical Parkway with Minimal Vacancy 0.28 Mile(s) from Our Lady of the Lake Regional Medical Center
  • Our Lady of the Lake Regional Medical Center is One of the 25 Largest Hospitals

Listing Contacts

CB
Fl SL3424071
Marcus & Millichap - Orlando
GF
FL SL 3469013
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
$--
$--
Annual Cash Flow
$234,850.00
$19,570.83/mo

Valuation Metrics

0
DSCR
7.75%
Cap Rate
7.75%
ROI

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Additional Information

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