5408 Flanders Dr - Office FOR SALE


Baton Rouge, LA 70808- Bocage
$3,030,323 USD
407-557-3859
5408 Flanders Dr, Baton Rouge, LA for Sale
$3,030,323 USD
Office - FOR SALE
1/4
null | 7.75% Cap Rate

5408 Flanders Dr
Baton Rouge, LA 70808
Bocage


HIGHLIGHTS

  • 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
  • 5-Year Lease Executed May 2024- Features Attractive CPI Increase During Renewal Option
  • Baton Rouge Serves as Regional Spine Patient Referral Hub- Home of The Spine Hospital of Louisiana
  • Surrounded by Synergistic Medical Tenants- Growing Area With High Demand for Medical Office Space
  • 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 2026Compass Group Equity Partners has $800+ million in AUM 5-Year Lease Executed May 2024- Features Attractive CPI Increase During Renewal Option 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 Surrounded by Synergistic Medical Tenants- Growing Area With High Demand for Medical Office Space Significant Historical Occupancy- Spine Diagnostic & Pain Treatment Center has Been in the Market for 23+ Years Proximity to Major Hospital- Located In the Major Medical Parkway with Minimal Vacancy 0.28 Mile(s) from Our Lady of the Lake Regional Medical Center Our Lady of the Lake Regional Medical Center is One of the 25 Largest Hospitals 900+ Licensed Bed Hospital The Area’s Only Level 1 Trauma Center 650+ Provider Care Network Covering More Than 40 Specialties

FOR SALE DETAILS

PRICE

$3,030,323 USD

PRICE/SF

$323 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Resolve Pain Solutions | Hospital Adjacent

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,088 SF

ZONING

-

APN/PARCEL ID

00918296

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.