14169 Highway 73 - Office FOR SALE


Prairieville, LA 70769
$470,555 USD
407-557-3859
14169 Highway 73, Prairieville, LA for Sale
$470,555 USD
Office - FOR SALE
1/3
null | 9% Cap Rate

14169 Highway 73
Prairieville, LA 70769


HIGHLIGHTS

  • Triple Net Lease Structure- Allows for Passive Ownership
  • Growing Practice with Strong Presence and Backing by Compass Group Equity Partners
  • 5-Year Lease Executed in May 2024- Features Attractive CPI Increase During Renewal Option
  • High-Yield Medical Office Investment Opportunity- 9% Cap Rate Year 1
  • Baton Rouge Serves as Regional Spine Patient Referral Hub- Home of The Spine Hospital of Louisiana
  • Significant Historical Occupancy- Spine Diagnostic & Pain Treatment Center has Been in the Market for 23+ Years

OVERVIEW

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 5-Year Lease Executed in May 2024- Features Attractive CPI Increase During Renewal Option High-Yield Medical Office Investment Opportunity- 9% Cap Rate Year 1 Baton Rouge Serves as Regional Spine Patient Referral Hub- Home of The Spine Hospital of Louisiana Patients Travel to Baton Rouge for Complex Spine Treatment Significant Historical Occupancy- Spine Diagnostic & Pain Treatment Center has Been in the Market for 23+ Years 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 Synergistic Medical Tenants- Growing Area With High Demand for Medical Office Space

FOR SALE DETAILS

PRICE

$470,555 USD

PRICE/SF

$59 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Resolve Pain Solutions | 9% Cap Rate

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,000 SF

ZONING

-

APN/PARCEL ID

20041-329

ASK ABOUT THIS PROPERTY

Giovanni FigueiredoMarcus & MillichapMore Info
407-557-3859

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Giovanni FigueiredoMarcus & MillichapMore Info
407-557-3859

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