1286 Del Este Ave - Medical FOR SALE


Denham Springs, LA 70726- Livingston Parish
$1,090,000 USD
312-327-5495
1286 Del Este Ave, Denham Springs, LA for Sale
$1,090,000 USD
Medical - FOR SALE
1/1
null | 7.97% Cap Rate

1286 Del Este Ave
Denham Springs, LA 70726
Livingston Parish


HIGHLIGHTS

  • 100% Occupied by Baton Rouge General
  • Double-Net Lease Structure
  • Recently exercised 5-year renewal option / 3 Years 8 Months Remaining
  • Long-Term Tenancy - Baton Rouge General has been a Tenant since 2004
  • Centrally located in Denham Springs

OVERVIEW

Marcus & Millichap is pleased to present this medical office located at 1286 Del Este Avenue, Denham Springs, LA 70726. The building is comprised of 4,345 square feet on 0.39 acres of land. This medical office is leased to Baton Rouge Physicians Group under a double-net lease agreement. The tenant recently exercised their 5-year renewal option, leaving three years and 8 months remaining on the lease. The practice was recently expanded to include spine care. The property is centrally situated at the intersection of Del Este Avenue, Del Orleans Avenue, and South Range Avenue in Denham Springs. This area serves as the original main thoroughfare for Livingston Parish, linking I-12 to downtown Denham Springs. The corridor hosts major retailers such as Super Walmart, Home Depot, ServePro, CVS, Planet Fitness, Goodwill, Sam’s Club, Altitude, Bass Pro Shops, Cavender’s, Petco, and Office Depot. The property is located about 11.5 miles from Our Lady of the Lake Regional Medical Center, one of the 25 largest hospitals in the country, with over 900 beds and one of only three Level I trauma centers in Louisiana. Other nearby hospitals include Baton Rouge General Medical Center (600 beds) and Ochsner Medical Center (760 beds), among others. Louisiana State University (LSU), a prestigious research university with a student population exceeding 30,000, is located just 16.8 miles from the property. Denham Springs is known for its blend of history, charm, and cultural attractions, offering a warm and welcoming community atmosphere.

FOR SALE DETAILS

PRICE

$1,090,000 USD

PRICE/SF

$251 USD /SF

CAP RATE

7.97%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,037 SF

ZONING

-

APN/PARCEL ID

0498451

ASK ABOUT THIS PROPERTY

Thomas HeitzmanMarcus & MillichapMore Info
312-327-5495

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Thomas HeitzmanMarcus & MillichapMore Info
312-327-5495

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.