2471 Louisiana Ave

Specialty

2471 Louisiana Ave, LutcherLA 70071

Property Details

Location

Address
2471 Louisiana Ave, LutcherLA 70071
County
St. James Parish
Submarket
Parcels
0200002810

Building Size

Building Size
Rentable Space
31,866 SF

Building Details

Type
 Specialty
Number of Buildings
Occupancy Type
Single Tenant
Percent Occupied
Building Class
Building Status
Existing
Floors
Year Built
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
2.6 Acres
Land (SF)
113,256 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
Lot Depth
Lot Width

Contacts

Current Listings

Medical Investment Property - 7.16% CAP - Annual Escalations

31,866 SF$4,995,000
Jarreau Real Estate, LLC

The Subject Property is fully leased to Beacon Behavioral Hospital, Inc. The facility is 31,866 SF on approximately 2.601 acres. It includes 24 beds in a full-service inpatient facility as well as an outpatient clinic. The facility was formerly St. James Hospital and has covered access suitable for ambulances as well as a helicopter pad. Current owner recently completed approximately $212,000 in capital improvements by replacing the chiller for the HVAC system as well as replacing the full-facility generator.

Lease runs through the end of 2029 and calls for annual rent increases of 2% over the previous calendar year. Property is priced far below replacement cost.

The tenant, Beacon Behavioral Hospital, was founded in 1998, and includes nine separate outpatient facilities across Louisiana as well as four hospitals (including the Subject Property).

Jarreau Real Estate, LLC

The Subject Property is fully leased to Beacon Behavioral Hospital, Inc. The facility is 31,866 SF on approximately 2.601 acres. It includes 24 beds in a full-service inpatient facility as well as an outpatient clinic. The facility was formerly St. James Hospital and has covered access suitable for ambulances as well as a helicopter pad. Current owner recently completed approximately $212,000 in capital improvements by replacing the chiller for the HVAC system as well as replacing the full-facility generator.

Lease runs through the end of 2029 and calls for annual rent increases of 2% over the previous calendar year. Property is priced far below replacement cost.

The tenant, Beacon Behavioral Hospital, was founded in 1998, and includes nine separate outpatient facilities across Louisiana as well as four hospitals (including the Subject Property).

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: LACDB

More Information

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