Medical Facility and Land Available

Introducing a prime investment opportunity in the bustling Covington, LA area. This meticulously maintained 4,864 SF building, with one unit, exudes modernity and functionality. Renovated in 2019, it offers the appeal of contemporary features within a well-established structure, ensuring an attractive space for tenants. Zoned as Highway Commercial 2 (HC-2), this property is ideally positioned for a range of business uses. With a 100% occupancy rate, investors can step into a lucrative venture from day one. Built in 2010, this property represents a turnkey investment in a flourishing market, making it an optimal choice for ambitious office building investors.

Explore the vibrant commercial landscape of Covington, LA and in a major medical corridor where the property is nestled. Located in the heart of a thriving business community, the area offers proximity to popular dining and entertainment destinations, including the quaint shops and galleries of the historic downtown district. With easy access to major transportation routes and a favorable economic environment, this locale presents an enticing opportunity for office building investors seeking a prime location for their next venture. Experience the perfect blend of business and leisure in the dynamic setting of Covington, LA.

Medical office with 2 additional lots next door available as well. The owner has decided to sell the lots separately which is why the price was lowered.

The medical tenant has a NNN lease generating $7,595 in monthly income. The main building has 4,064 SF. The medical building is priced with a 7.75% cap rate on it.

The current lease runs through July 31, 2028 with a 2% annual increase and an auto renewal for 24 months.

The lots are 50 Starbrush Circle (Lot 123) and 60 Starbrush Circle (Lot 121). The two lots are adjacent and have 25,869 SF and 31,861 SF of buildable area. If all three are sold the owner is willing throw in additional discounts.