Listed by Marcus & Millichap - Orlando
$1,006,000
Resolve Pain Solutions | 9% Cap Rate
Details
Property Type Office
Sub Type Medical Office
Square Footage 4,425
Cap Rate 9.00%
NOI $90,562
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 5
Lease Expiration 04/30/2029
Rent Bumps Yes
Lease Options One 5-Year Option
Price per SqFt $227
Year Built 2012
Buildings 1
Stories 1
Acreage 0.160
Investment Type Net Lease
Lease Commencement 05/01/2024
Upcoming CPI Rent Increase
Investment highlights
- High-Yield Medical Office Investment Opportunity 9% Cap Rate Year 1
- 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 2026 Compass Group Equity Partners has $800+ million in AUM
- 5-Year Lease Executed in May 2024 Features Attractive CPI Increase During Renewal Option
- Proximity to Major Hospital Situated 3.3 miles from Lane Regional Medical Center 24-7 Emergency Care Primary Healthcare Resource for Surrounding Region, Including Baker, Clinton, Jackson, St. Francisville, New Roads and North Baton Rouge
- Major Employment Sector of Baton Rouge Baton Rouge Combines a Large-Scale Health System with Academic Medicine from Louisiana State University Which Becomes a Direct Source of Providers to Local Practices
- 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
- Significant Historical Occupancy Spine Diagnostic & Pain Treatment Center has Been in the Market for 23+ Years
Listing Contacts
Listed by Marcus & Millichap - Orlando
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$90,562.00
$7,546.83/mo
Valuation Metrics
0
DSCR
9%
Cap Rate
9%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Title
Is there information that looks off?
