Listed by Marcus & Millichap - Orlando
$486,000
Resolve Pain Solutions | 9% Cap Rate | Upcoming CPI Increase
Details
Property Type Office
Sub Type Medical Office
Square Footage 2,500
Cap Rate 9.00%
NOI $43,750
Occupancy 100%
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 $194
Year Built 2012
Buildings 1
Stories 1
Acreage 0.630
Investment Type Net Lease
Lease Commencement 05/01/2024
Office | 9.00% CAP | 2,500 SqFt
Investment highlights
- High-Yield Medical Office Investment Opportunity - 9% Cap Rate Year 1, Attractive Price Point
- 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
- 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
- Surrounded by Newer Developments - Projected Population Growth Driving Tenants to the Surrounding Area, 8.5 Miles From Louisiana State University Campus
- 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
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$43,750.00
$3,645.83/mo
Valuation Metrics
0
DSCR
9%
Cap Rate
9%
ROI
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