GE Healthcare Leased Investment Opportunity

Industrial for Sale
Catylist Listing ID: 30411608
Property Subtypes: Flex Space, Industrial-Business Park, Light Industrial, Research & Development
Building Size (RSF): 11,400 SF
Gross Land Area: 26,712 SF
Sale Price: $2,113,091
Unit Price: $185.36 PSF
Property Use Type: Investment
Building Name: GE MediPhysics
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/11/2019

Overview / Comments

PLEASE DO NOT DISTURB TENANT. Showing requires notice.

Outstanding med-flex investment opportunity located in the heart of the New Orleans Biomedical Corridor. This is an active hub for bioscience research, and home to the new LSU and VA Hospitals, Tulane University Medical Center, Tulane-LSU Cancer Research Center, the New Orleans BioInnovation-Center, Tulane University School of Tropical Medicine, New Orleans’ Downtown Medical District and Xavier University School of
Pharmacy.

INVESTMENT HIGHLIGHTS:
• Tenant GE Healthcare - MediPhysics
• +/- 11,400 Sq. Ft. Single-Tenant Facility
• Modified Net Lease with Landlord’s responsibilities limited to roof, foundation & walls
• Stabilized Annual Net Rent: $116,220.00
• Term 5 Years with Two 3-year Options to Renew (commenced 9/1/16)
• Premises Occupied by this Tenant Since 1999

For more information, please fill out the attached NDA and return it to the listing agent.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Greater New Orleans
Taxing Authority: Orleans Parish
Tax ID/APN: 41036530
Zoning: BIP BUSINESS INDUSTRIAL PARK DISTRICT
Airports: Louis Armstrong International Airport

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,656 199,071 407,189
Median Age: 31.55 36.55 37.45
Households: 9,189 88,361 174,182

Contact

Photograph of Listing Agent

Melissa S Warren

Stirling Properties New Orleans New Orleans, LA 70130
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.