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Medical Residential - 8% CAP - 44 Units NNN

17010 Old Covington Hwy, Hammond, LA 70403

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Overview

8% CAP Rate Maples Behavioral Health Residential Center New 10 Year lease (NNN) with 8.5 years remaining. 2% Annual Increases beginning in year 6 Base rent $11.10 SqFt. $138 / SqFT Purchase Price Strong Tenant Financials 4.8 Acres with 2.2 Acres available to develop. Call agent for details

For Sale

Other
Sale Price
$4,585,350
Price Per SF
$138.8/SF
Building Size
33,047 SF
Acres
4.53 ac
Max Contiguous
33,047
Number of Buildings
1
Floors
2
Year Built
1998
Construction Type
Framed
Submarket
LACDB - 85
Property Status
Existing
County
Tangipahoa Parish
Created
03/21/2024
Updated
11/21/2024
Listing ID
c61166ac
Parcel APN
2066602