Physicians Medical Plaza

Office for Sale
Catylist Listing ID: 30417415
Property Subtypes: Medical
Building Size (RSF): 41,974 SF
Gross Building Area: See Agent
Gross Land Area: 2 Acres
Sale Price: $5,000,000
Unit Price: $119.12 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/2/2019

Overview / Comments

Medical office building located adjacent to the new state of the art New Orleans East Hospital. The building is extremely well maintained. The building has the highest occupancy and revenue than any other office buildings in New Orleans East. Current gross annual revenue exceeds $800,000. The building can be purchased as package with 5640 Read Blvd which is directly across the street.

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Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Northshore / N.O. East
Tax ID/APN: 41129551
Zoning: MS-MEDICAL SERVICE DISTRICT --HTTPS://CZO.NOLA.GOV/ARTICLE-15/
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 3
Year Renovated: 2006
Roof Type: Flat
Parking Type: Surface
Total Parking Spaces: 146
Passenger Elevators: 2
Sprinklers: Wet
Heat Type: Electricity
Air Conditioning: Package Unit
Internet Access: Fiber Optic
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Ground Lease

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,662 57,556 108,406
Median Age: 32.16 32.82 34.38
Households: 4,858 20,452 40,484

Contact

Photograph of Listing Agent

Reggie D Winfield

Windfeel Properties New Orleans, LA 70130
LACDB Member
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