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32924354
32924353

30789 Range Ave, Denham Springs, LA 70726

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
$540,958
8 days on market
Updated 8 days ago

Open Health Care Clinic | Attractive Price Point

Details
Property Type Office
Sub Type Medical Office
Square Footage 2,920
Cap Rate 8.23%
NOI $44,531
Tenancy Single
Lease Type Modified
Lease Term 3
Lease Expiration 10/31/2028
Remaining Term 2.5
Rent Bumps No
Lease Options None
Price per SqFt $185
Year Built 2009
Buildings 1
Acreage 1.000
Investment Type Net Lease
Lease Commencement 11/01/2020

Office | 8.23% CAP | 2,920 SqFt

Investment highlights

Modified Net Lease Structure- Allows for Passive Ownership

Growing Practice with Strong Fundamentals

- Location has Three Full Time Providers

- Offers Wide Variety of Services: Adult Primary Care, Behavioral Health, and Pediatric Primary Care

3-Year Lease Renewal Executed in October 2025- Demonstrates Tenant’s Commitment to the Location

High-Yield Medical Office Investment Opportunity

- 8.23% Cap Rate Year 1

- Attractive Price Point

Replaceable Rental Rate- Tenant Currently Pays $15.25/SF in net Rent

Potential Upside

- Tenant has no Options to Renew the Lease

- Allows for Lease Re-Structuring Opportunity in 2.5 Years

Strong Market Presence- Open Health Care Clinic has Eight Locations in the Baton Rouge Market

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 Practic

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
$44,531.00
$3,710.92/mo

Valuation Metrics

0
DSCR
8.23%
Cap Rate
8.23%
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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