carpenter3

Healthcare Portfolio

8313 Picardy Ave, Baton Rouge, LA 70809

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Price: 

$61,234,927

Cap:

5.50%

NOI:

$3,367,925

Square Footage:

196,899

Lot Size:

Acres

Year Built/Remodeled:

2021

LOUISIANA BROKER OF RECORD: CASTLE REAL ESTATE, INC.

Property Description: 

Capital Commercial Partners is pleased to bring to market a rare opportunity to acquire an essential needs 10 property healthcare portfolio with long term leases in-place with Carpenter Healthcare Network and include built in annual rent increases to adjust for inflation. The properties benefit from being located within a high barrier to entry certificate of needs state. Must be sold as a portfolio.

Investment Highlights:

Occupied by Carpenter Healthcare Network; operations in 6 states
(financials provided with NDA)
13+ years NNN leases; 2% annual rent increases
Portfolio of 10 properties totaling 196,899 SF; highly profitable EBITDA
Each property 100% single tenant net leased with replaceable rents
Solid Louisiana locations with significant barriers to entry in certificate of needs state
Includes Hospices, LTAC, Rehab Hospital, Outpatient, and MOB's with solid underlying real estate fundamentals
Medical recession resistant essential needs tenant

Financial Summary:

All Cash

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