Leased Medical Properties
For Sale
Contact for pricing
14707 Perkins Rd Multiple Addresses, Baton Rouge, LA 70810
Three fully-leased medical properties across Southeast Louisiana.
Property Size50,251 SF
Price / SF$163.15
Days on Market265
Property Features for 14707 Perkins Rd Multiple Addresses
General Information
Standard status
Active
Size
50,251 SF
Property subtype
Office
Occupancy
100%
Lease Type
Modified Gross
Building Details
Buildings
3
Tenancy
Single
Listing Agency:
JRE Brokerage
Listed By:
Alex Knight · License #LA SALE.0912122944-ACT
Source:
Crexi
Added: Dec 9, 2025
Changed: Aug 8
Last Checked: Aug 28 at 5:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JRE Brokerage
Investment Insights
Based on property information with market context.
This offering includes three fully-leased medical properties across Southeast Louisiana. The portfolio includes a 31,866 SF inpatient hospital with 24 beds in Lutcher, a corporate office in Baton Rouge, and an outpatient clinic in Baton Rouge. The Lutcher facility includes a full-building generator and new HVAC chiller. Each location features a long-term lease in place, annual or scheduled rental escalations, and recent capital improvements. The tenant is responsible for the property taxes at all 3 facilities. The portfolio is available for purchase as a package or individually. One of the properties is located at 14707 Perkins Rd, Baton Rouge, LA 70810. The total property size is 50,251 SF.
Key Highlights
- Portfolio of three fully‑leased medical properties in Southeast Louisiana.
- Leased to Beacon Behavioral Hospital, Inc., a regional healthcare operator.
- Long‑term leases in place with annual or scheduled rental escalations.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$483,736
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,674,720
$9.7M
Cap Rate 7%
$6,910,514
$6.9M
Cap Rate 9%
$5,374,844
$5.4M
Market Conditions
NOI Build-Up for 50,251 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$844.2K $16.80/SF
− Vacancy
−$38.0K −$0.76/SF
EGI
$806.2K $16.04/SF
− OpEx
−$322.5K −$6.42/SF
NOI
$483.7K $9.63/SF
Area
Baton Rouge, LA
Vacancy
4.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,674,720
Cap Rate 7%
$6,910,514
Cap Rate 9%
$5,374,844
Alternative Uses
Best Use
Healthcare Medical
$6.91M
$6.05M – $8.06M
NOI $483,736 @ 7.0% cap · market cap 5.90%
Second Best
Office B
$6.87M
$6.01M – $8.01M
NOI $480,638 @ 7.0% cap · market cap 5.86%
Theoretical Best
Specialty Retail
$12.03M
$10.53M – $14.04M
NOI $842,426 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Explore this area
Business Placement
Demographics for 70810, LA
42,472
Population
19,195
Households
2.2
Avg Household Size
38
Median Age
55%
College-Educated
95%
High-School Grad
26.2 sq mi
ZIP Area
1,621
Density / Sq Mi
$93,712
Median Household Income
$52,510
Median Earnings
$1,406
Median Rent
$353,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hospital - Three fully-leased medical properties across Southeast Louisiana.
Where is this hospital located?
The property is located at 14707 Perkins Rd Multiple Addresses Baton Rouge, LA.
What is the asking price?
The asking price for this property is $8,198,355.
What are key features of this property?
This property features: Portfolio of three fully‑leased medical properties in Southeast Louisiana.; Leased to Beacon Behavioral Hospital, Inc., a regional healthcare operator.; Long‑term leases in place with annual or scheduled rental escalations.
