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Resolve Pain Solutions | 9% Cap Rate 1673 E Mount Pleasant Rd 4,425 SF Office Building Zachary, LA 70791 $1,392,304 CAD ($314.64 CAD/SF) 9% Cap Rate
Investment Highlights
- Triple Net Lease Structure- Allows for Passive Ownership
- 5-Year Lease Executed in May 2024- Features Attractive CPI Increase During Renewal Option
- Baton Rouge Serves as Regional Spine Patient Referral Hub- Home of The Spine Hospital of Louisiana
- Growing Practice with Strong Presence and Backing by Compass Group Equity Partners
- High-Yield Medical Office Investment Opportunity- 9% Cap Rate Year 1
- Significant Historical Occupancy- Spine Diagnostic & Pain Treatment Center has Been in the Market for 23+ Years
Executive Summary
Triple Net Lease Structure- Allows for Passive Ownership Growing Practice with Strong Presence and Backing by Compass Group Equity Partners- Spine Diagnostic & Pain Treatment Center Acquired by Resolve Pain Solutions in 2026
5-Year Lease Executed in May 2024- Features Attractive CPI Increase During Renewal Option
High-Yield Medical Office Investment Opportunity- 9% Cap Rate Year 1
Baton Rouge Serves as Regional Spine Patient Referral Hub- Home of The Spine Hospital of Louisiana Patients Travel to Baton Rouge for Complex Spine Treatment
Significant Historical Occupancy- Spine Diagnostic & Pain Treatment Center has Been in the Market for 23+ Years
Major Employment Sector of Baton Rouge- Baton Rouge Combines a Large-Scale Health System with Academic Medicine from Louisiana State University Which Becomes a Direct Source of Providers to Local Practices
Proximity to Major Hospital
Situated 3.3 miles from Lane Regional Medical Center
24-7 Emergency Care
Primary Healthcare Resource for Surrounding Region, Including Baker, Clinton, Jackson, St. Francisville, New Roads and North Baton Rouge
5-Year Lease Executed in May 2024- Features Attractive CPI Increase During Renewal Option
High-Yield Medical Office Investment Opportunity- 9% Cap Rate Year 1
Baton Rouge Serves as Regional Spine Patient Referral Hub- Home of The Spine Hospital of Louisiana Patients Travel to Baton Rouge for Complex Spine Treatment
Significant Historical Occupancy- Spine Diagnostic & Pain Treatment Center has Been in the Market for 23+ Years
Major Employment Sector of Baton Rouge- Baton Rouge Combines a Large-Scale Health System with Academic Medicine from Louisiana State University Which Becomes a Direct Source of Providers to Local Practices
Proximity to Major Hospital
Situated 3.3 miles from Lane Regional Medical Center
24-7 Emergency Care
Primary Healthcare Resource for Surrounding Region, Including Baker, Clinton, Jackson, St. Francisville, New Roads and North Baton Rouge
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
4,425 SF
Building Class
B
Year Built
2012
Price
$1,392,304 CAD
Price Per SF
$314.64 CAD
Cap Rate
9%
NOI
$125,338 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,425 SF
Building FAR
0.63
Lot Size
0.16 AC
Zoning
B-1
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 01691341 | Improvements Assessment | $0 CAD |
| Land Assessment | $14,546 CAD | Total Assessment | $14,546 CAD |
Property Taxes
Parcel Number
01691341
Land Assessment
$14,546 CAD
Improvements Assessment
$0 CAD
Total Assessment
$14,546 CAD
Contacts
-
Giovanni Figueiredo -
Christopher Biuso -
Spencer Koch -
Caitlin Lancaster -
Marcus & Millichap
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Resolve Pain Solutions | 9% Cap Rate | 1673 E Mount Pleasant Rd
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