Catylist ID:
#30835224
Net-Leased Bluebonnet Medical Office Investment
Office
for Sale
Sale Pending
| Catylist Listing ID: | 30835224 |
| Property Subtypes: | Business Park, Executive Suites, Governmental, High-Tech, Institutional, Medical, Mixed Use, Flex Space, Net Leased, Office Building, Research & Development, Other |
| Status: | Pending |
| Building Size (RSF): | 4,098 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $1,400,000 |
| Unit Price: | $341.63 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Average Occupancy Rate: | 100 |
| Last Updated: | 3/14/2023 |
Overview / Comments
|
5015 Bluebonnet Blvd offers the rare opportunity to own a net-leased medical office investment situated along Baton Rouge's most coveted professional corridor. A true "hands-off" investment, the NNN lease is effective through February 28, 2029, and contains an option to renew for an additional 5 years with 3% annual rental increases. The tenant - The Smile Studio - occupies 100% of the building, has a second location in Zachary, and has provided dental and orthodontic services to the greater Baton Rouge area for years. Located in the desirable Estancia office park. • NNN Lease with 6 Years Remaining on Base Term • Option to Renew with Rent Increases • Single Tenant - Well-Established, Multi-Location Dental and Orthodontic Practice ***To access the FINANCIALS (rent roll, income, expense, etc.), please click “Offering Memorandum” below. From there, you’ll be able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you don’t already have an account, you can create one for free.*** |
Attachments & Media
Additional Details
| Nearest MSA: | Baton Rouge |
| County: | East Baton Rouge |
| Submarket/Township: | 62 |
| Tax ID/APN: | 021-9863-0 |
| Zoning: | BDD – BLUEBONNET DESIGN DISTRICT |
| Property Located Between: | I-10 and Jefferson Hwy |
| Property Visibility: | Excellent |
| Airports: | Baton Rouge Metropolitan Airport (BTR) |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Parking Type: | Surface |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 12,745 | 89,911 | 232,623 |
| Median Age: | 36.21 | 37.21 | 35.85 |
| Households: | 5,985 | 40,020 | 97,442 |
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