Coastal Urgent Care — Sale in Slidell, LA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Slidell, LA 70458
  • Year built: 2022

Investment Figures

Cap rate
8.04%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

• Long Term Lease with Multiple Options to Renew - 6 Years Remaining on Initial 10 Year Term with (3) 5 Year Options • 2022 Construction Offered Below Replacement Cost - $406 PPSF | Property Kept in Immaculate Condition • Well Positioned with Frontage on Main Thoroughfare - Excellent Visibility with Access at Lighted Intersection • Strategically Located within Market - Multiple Schools in Immediate Vicinity of Property • Located in Highly Concentrated Medical Corridor - Outparcel to Sterling Surgical Hospital • Low Expiring Rent/Sf Provides Safety for Investor - $30/SF Rental Rate at Expiration of Current Term in 2032 • Large Footprint is Adaptive for Multiple Medical Uses - 6,161 SF Building with Covered Drop Off and Ample Parking • Consistently Growing Population in 3,5- and 10-Mile Radius - Population Growth Projected to continue Through 2030 • Significant Industry in Submarket and Surrounding Markets - Home to The Greenbrier Companies, NuCore, Lockheed Martin and more including John C. Stennis Space Center Investment Highlights: • • Long Term Lease with Multiple Options to Renew - 6 Years Remaining on Initial 10 Year Term with (3) 5 Year Options • • 2022 Construction Offered Below Replacement Cost - $406 PPSF | Property Kept in Immaculate Condition • • Well Positioned with Frontage on Main Thoroughfare - Excellent Visibility with Access at Lighted Intersection • • Strategically Located within Market - Multiple Schools in Immediate Vicinity of Property • • Located in Highly Concentrated Medical Corridor - Outparcel to Sterling Surgical Hospital • • Low Expiring Rent/Sf Provides Safety for Investor - $30/SF Rental Rate at Expiration of Current Term in 2032 • • Large Footprint is Adaptive for Multiple Medical Uses - 6,161 SF Building with Covered Drop Off and Ample Parking

Market Context

This office in Slidell, LA is listed for sale. It is offered at an approximate 8.0% capitalization rate, a key benchmark for income-producing office assets. The building dates to 2022. It has been on the market for 101 days. Compare it against other office listings for sale in Slidell, LA — view the full market.

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