64040 La-434 Lacombe, LA 70445
- Office Properties & Spaces
- 77,087 SF
- 0.98 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 64040 La-434
- Year built
- 2004
- Lot size
- 0.98 lot acres
- Property size
- 77,087 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional value-add investment opportunity comprises two Class B medical office buildings totaling 77,087 square feet, situated on a 0.98-acre lot in Lacombe, Louisiana. Built in 2004 and 2009, these buildings boast high-end common area finishes and offer 258 parking spaces per 1,000 square feet. Currently, the property is 30.2% occupied by three tenants, including Fresenius and Lakeview Regional Physician Group, with an occupancy date of October 1, 2024. The Net Operating Income (NOI) is $53,931. One building is fee simple, while the other is subject to a ground lease expiring June 30, 2106 (82 years remaining). The property benefits from a strategic location on the Northshore Rehabilitation Hospital campus, a 30-bed acute care facility. Leases include 2.15% weighted escalations. This presents a unique chance to acquire below replacement cost, allowing for incentivized leasing to achieve stabilization. The property is offered free and clear of debt. Property tax parcel numbers are 121-140-5709 and 121-140-2371. The current ownership is Ventas, Inc. This is a multi-tenant property with significant upside potential.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lacombe
- County
- St. Tammany Parish
- State
- Louisiana
- Longitude
- -89.9163
- Latitude
- 30.3588
