2204 Robin Ave Hammond

Office for Sale
Catylist Listing ID: 30278520
Property Subtypes: Medical
Building Size (RSF): 16,622 SF
Gross Land Area: 1.28 Acres
Sale Price: $2,371,395
Unit Price: $142.67 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 8.6%
Average Occupancy Rate: 100
Last Updated: 9/19/2019

Overview / Comments

Long standing tenant that has been in the location for more than 20 years. Business sold in August of 2018 to Sheridan Capital Partners. 7 years remaining on original 8 year lease, with 3% annual increases and 2 five year options with 3% annual increases in option periods, as well. All expenses passed through to tenant.

Current Tenants

Tenant Business Name Affiliated Therapy Services
Website URL http://www.atsla.com/
Industry Type Health Care and Social Assistance

Additional Details

Nearest MSA: Hammond
County: Tangipahoa
Submarket/Township: 85
Tax ID/APN: 2676621035

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,118 32,940 54,987
Median Age: 34.96 32.03 32.02
Households: 706 12,163 20,672


Photograph of Listing Agent

Ron Patron

Coldwell Banker Commercial TEC Realtors New Orleans, LA 70115
LACDB Member
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