971 Robert Blvd - Office FOR SALE


Slidell, LA 70458- Outlying St Tammany Parish
$2,500,000 USD
813-210-7741
971 Robert Blvd, Slidell, LA for Sale
$2,500,000 USD
Office - FOR SALE
1/2
null | 7.39% Cap Rate


HIGHLIGHTS

  • • Long Term Lease with Multiple Options to Renew - 6 Years Remaining on Initial 10 Year Term with (3) 5 Year Options
  • • 2022 Construction Offered Below Replacement Cost - $406 PPSF | Property Kept in Immaculate Condition
  • • Well Positioned with Frontage on Main Thoroughfare - Excellent Visibility with Access at Lighted Intersection
  • • Strategically Located within Market - Multiple Schools in Immediate Vicinity of Property
  • • Located in Highly Concentrated Medical Corridor - Outparcel to Sterling Surgical Hospital
  • • Low Expiring Rent/Sf Provides Safety for Investor - $30/SF Rental Rate at Expiration of Current Term in 2032

OVERVIEW

• Long Term Lease with Multiple Options to Renew - 6 Years Remaining on Initial 10 Year Term with (3) 5 Year Options • 2022 Construction Offered Below Replacement Cost - $406 PPSF | Property Kept in Immaculate Condition • Well Positioned with Frontage on Main Thoroughfare - Excellent Visibility with Access at Lighted Intersection • Strategically Located within Market - Multiple Schools in Immediate Vicinity of Property • Located in Highly Concentrated Medical Corridor - Outparcel to Sterling Surgical Hospital • Low Expiring Rent/Sf Provides Safety for Investor - $30/SF Rental Rate at Expiration of Current Term in 2032 • Large Footprint is Adaptive for Multiple Medical Uses - 6,161 SF Building with Covered Drop Off and Ample Parking • Consistently Growing Population in 3,5- and 10-Mile Radius - Population Growth Projected to continue Through 2030 • Significant Industry in Submarket and Surrounding Markets - Home to The Greenbrier Companies, NuCore, Lockheed Martin and more including John C. Stennis Space Center

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$406 USD /SF

CAP RATE

7.39%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Coastal Urgent Care

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

-

APN/PARCEL ID

86174

ASK ABOUT THIS PROPERTY

Christopher BiusoMarcus & MillichapMore Info
813-210-7741

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Christopher BiusoMarcus & MillichapMore Info
813-210-7741

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