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Medical Office Investment
100% NNN-Leased Medical Office Investment | Hammond, LA
Listing Contacts
License: NV B.1002850-COOP, AZ BR535765000
Crescent Sotheby's International RealtyLicense: LA
Active
Asking Price: $3,328,600
Address
2204 Robin Ave, Hammond, LA 70403
Show on MapDate Added
Apr 14, 2022
Days on Market
1077 days
Time Since Last Update
9 days
Details
Property TypeOffice
SubtypeMedical Office
ClassB
Lease TypeNNN
TenancyMulti
Brand/TenantAffiliated Therapy Service
Lease Commencement08/22/2018
Square Footage16,622
Price/Sq Ft$200.25
Cap Rate6.50%
Occupancy100%
NOI$216,360
Year Built1995
Year Renovated2022
Lot Size (acres)1.28
Rent BumpsYes
Lease OptionsTwo 5-year Options
OwnershipFee-Simple
Marketing Description
16,622 SF fully-leased medical office is now available for sale. The subject property consists of a large parcel of approximately 1.28 acres. It is located within a half-a-mile from the Interstate 12 and Interstate 55 intersection. This medical office is conveniently situated by busy retail thoroughfare and within minutes of every mayor Hammond, LA hospital.
Investment Highlights
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16,622 SF fully leased medical office for sale
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6.5% Cap rate
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Established for 20+ years in this location
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Long-term NNN lease with 3% annual increases
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Located within minutes of every mayor Hammond, LA hospital
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$216,360.00
$18,030.00/mo
Valuation Metrics
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0
DSCR
6.5%
Cap Rate
6.5%
ROI
Property History
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Due Diligence
Listing Contacts
- License: NV B.1002850-COOP, AZ BR535765000
- Crescent Sotheby's International RealtyLicense: LA
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