Former Hospital/Behavioral Unit

Special Purpose for Sale
Sale Pending
Also listed as Hospitality, Business Opportunity
Catylist Listing ID: 30442622
Property Subtypes: Health Care/Medical
Status: Pending
Building Size (RSF): 250,713 SF
Gross Land Area: 19.60 Acres
Sale Price: $1 - 6,000,000
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/14/2021

Overview / Comments

NEW Cap at $6,000,000!!!

Original Cap: $20,000,000.
Total reduction: $14,000,000.

All Call for Offers Welcome!
Owner eager to close! A "GREAT DEAL" is ready to be made!
Negotiations to begin with accepted Letter of Intent (LOI).

Contact: John Rea Agent, Jennifer Causey at (318) 261-0892.

The following data/information is from a number of sources useful for the
marketing of the property, however a party should not rely completely on its

It is the Owner's desire to close on the property after a Buyer has completely
inspected and verified any and all data for their intended use.

Negotiations will begin with a Letter of Intent (LOI) followed by an Owner
approved Purchase Sale Agreement (PSA).

The Property Description Deed will include an "as is present condition"
clause and its Language will include "restricting the property from being
used as a health care facility including, but not limited to, a general or
acute care hospital or emergency department."

Brokerage Companies: CBRE, Houston; John Rea Realty, Monroe.
Price/Consideration: No price quoted. CALL FOR OFFERS.

Additional Details

Nearest MSA: Monroe
County: Ouachita
Taxing Authority: Ouachita Parish
Tax ID/APN: 29131.
Property Located Between: US Hwy 165/Sterlington Road and Old Sterlington Road
Property Visibility: Excellent
Largest Nearby Street: Sterlington Road
Feet of Frontage: 867
Traffic/Vehicle Count: 30,645
Highway Access: Hwy 165
Airports: Monroe Regional Airport - 17 min (7.3 mi) via US-165 S
Site Description: The property is a former 216,683 SF +/- Medical Hospital and 34,030 SF +/- Behavioral Unit located on a 16.610 +/- Acre Lot on Hwy 165 North at Medical Park Drive, Monroe, Louisiana. The Hospital Corporation of America built the facility in the 1980's with several additions/improvements being added since the original construction.
Area Description: The heart of Monroe, found in the people who live here, makes it a beautiful and exciting place to visit or live. Monroe is an economic, educational, and medical hub for Northeast Louisiana, and you will find it to be a very diverse area that anyone can get accustomed to. In Louisiana, the Monroe metropolitan area is expected to see the largest percentage job growth over the next two years, thanks to public-private partnerships and cooperation at the local, regional, state, and federal levels. Monroe is the birthplace of Delta Airlines, Coca Cola, CenturyLink, and home to Louisiana Purchase Gardens and Zoo. There is something about the environment in Monroe that fosters and encourages entrepreneurial development. In 1913, Coca Cola was first bottled here by Joseph A. Biedenharn. Later, he opened the first Coca Cola bottling plant in the nation. In 1925, Mr. Biedenharn joined a group of enterprising gentlemen who purchased a crop-dusting business and added 18 airplanes, creating the largest privately-owned fleet in the world at the time. In 1929, the company became Delta Airlines, which now has over 160 million customers throughout their global network. CenturyLink has become the largest independent telecommunications provider and third largest telecommunications provider in the United States with over 18 million access lines nationwide. In 2015, CenturyLink opened its 250,000-square foot global corporate headquarters right here in Monroe, Louisiana. Other major employers in the Monroe area include, J. P. Morgan CHASE Company, Graphic Packaging, St. Francis Medical Center, Bancroft Bag, Glenwood Regional Medical Center, Vantage Health Plan, Brookshire’s, and Gardner Denver Thomas. In addition, there are three outstanding major universities and a community college within thirty minutes of our city. The University of Louisiana at Monroe, Grambling State University, Louisiana Tech University, and Delta Community College. A welcoming community, affordable housing in charming neighborhoods located near top-rated schools, quality healthcare options and a low cost of living are all key components to life in Northeast Louisiana and the region’s anchor city of Monroe. By working together, we are laying the foundation for years of growth and development. Monroe is "One City, with One Future."
Total Number of Buildings: 2
Number of Stories: 7
Typical SF / Floor: 16,292 SF
Property Condition: Good
Year Built: 1983
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Foundation: Concrete Parking - 345 Stripped Spaces; Code: 1 Space Per Room 1 Loading Dock Site Elevation: Estimated to be 81.8 Feet
Parking Type: Surface
Parking Description: 345 Stripped Spaces; Code: 1 Space Per Room; Safety Lighting in place.
Passenger Elevators: 6
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL, Satellite, T1/T3, Gigabit, Fiber Optic
Interior Description: 250,713 SF +/- (216,683 SF Hospital; 34,030 SF Behavioral Unit). 1st Floor: 109,095 SF+/- (89,395 SF Main Area/19,700 SF+/- Women's Center); Typical Services: Cath Lab, Lab, Admin/Acctng, Medical Rec, Cafeteria, Emergency, X-Ray, Records, Surgery, Dietary, Pharmacy, Endo, Materials Mgt, EKG, Recovery. 1st Floor: Women's Center Typical Services; Sleep Lab, EEG, Breast Center, Peds Sedation, Case Mgt, Physical Therapy. 2nd Floor: Women's Center Service Areas (18,644 SF+/-); PCU, ICU, Respiratory. 2nd Floor: Typical Services (16,811 SF+/-); PEDS, PICU. 3rd Floor: Typical Services (17,375 SF+/-); CVICU, Dialysis, Post Op. 4th Floor: Typical Services (16,292 SF+/-); Renal, Radiology, Hospitalist, Physical Therapy, Wound Care, Ortho. 5th Floor: Typical Services (16,292 SF+/-); Renal. 6th Floor: Open Shell/Unfinished (16,292 SF +/-). 7th Floor: Mechanical Area (4,826 SF+/-). Estimated Total Square Footage/Main Structure: 216,683. Behavioral Unit: 1 Story @ 34,030 SF+/- Connected by Overhead Walkway to Main Facility/Elevator in Behavioral Unit Other Amenities: Outdoor Pool next to Former Behavioral Unit. Alarm/Security Systems in place. 6 Elevators/Stairwells. Fire Sprinkler System, Fire Extinguishers, Smoke Detectors in place. Electrical Systems: Two diesel generators. Condition/Operational Use Unknown. HVAC: Primary Hospital/Tower is serviced by boiler and chiller system with cooling towers and air handlers. The former Women's Center and Allegiance Pavillion are serviced by HVAC systems. All systems should be verified for intended use and serviceability. Plumbing: Most patient rooms have full bathrooms. Air/Oxygen/Vacuum Systems: In place; use and condition to be verified. Flooring Systems: Carpet/Tile/Concrete Slab.
Zoning Description: B-4 Heavy Business District
Lot Frontage: 867
Lot Depth: 865
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: Lot 1-A, Block A of the Resubdivision of Lot 1, Block "A", Unit No. 1, North Monroe Medical Park, as per plat recorded August 9, 1990 in Plat Book 17, Page 101 under instrument No. 1036789 of the records of Ouachita Parish, Louisiana. Lot 1-B, Block A of the Resubdivision of Lot 1, Block "A", Unit No. 1, North Monroe Medical Park as per plat recorded August 9, 1990, in Plat Book 17, Page 101, under Instrument No. 1036789 of the records of Ouachita Parish, Louisiana.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,896 53,669
Median Age: 34.21 34.87
Households: 6,647 22,401


Photograph of Listing Agent

Jennifer Causey

John Rea Realty Monroe, LA 71201
LACDB Member
Photograph of Listing Agent

John R Rea

John Rea Realty Monroe, LA 71201
LACDB Member
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