MEDICAL FACILITY

Stirling is pleased to offer this six-story medical facility on +/- 8.1 acres in the New Orleans market. Located on the West Bank with over 1251 feet of frontage on General De Gaulle Dr., this facility has great visibility and access to the surrounding community. Property is for sale as a value-add investment or end-user acquisition. The improvements were originally constructed in 1973 and operated as a 118-bed nursing facility, the Mary Joseph Residence for the Elderly, until Hurricane Katrina. Shuttered following Hurricane Katrina in 2005, the property was acquired in late 2007 and subsequently renovated. ON-SITE SYSTEMS: Passenger elevators, service/freight elevator, commercial laundry room, commercial kitchen with hood/exhaust system and walk-in refrigeration/freezers, fire alarm system, energy management system, access control system and auxiliary generators. Boilers, Parking lot lighting and security cameras BUILDING AMENITIES: - Full Kitchen - Dining Room - Multiple Chapels - Conference Rooms - Meeting Rooms SITE INFORMATION - Total SF: +/- 120,068 - Floor Rentable Area: +/- 117,691 - Land: +/- 8.10 Acres - Zoning: EC – Commercial Center, - Institutional Campus District - Flood Zone: X (Levee Protected) - Parking: +/- 96 Paved surface - Year Built: 1973, Renovated 2007 - Occupancy: +/- 26.57% CURRENT TENANTS: Beacon Behavioral (+/-15,640 SF) NOLA Detox and Recovery Center (+/-15,636 SF) Additional info is available upon request and provided following the execution of an NDA. Further information includes: Site Plans, rent rolls, OPEX, etc.