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148 Hector Ave 6,455 SF Office Building Gretna, LA 70056 $2,380,703 ($368.82/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Net Lease – Zero Landlord Responsibilities.
- Lease Expiration September 7, 2029
- Two 5-year options to renew
- NOI $166,649.21 ($25.82 PSF)
- 1.5% annual escalations
EXECUTIVE SUMMARY
Single-tenant net leased DaVita Dialysis Facility located in Gretna, LA, a local suburb of New Orleans. The property is leased on an absolute net basis to Renal Treatment Centers Southeast, LP, one of DaVita’s largest subsidiaries.
With the absolute net lease structure, the tenant is directly responsible for the payment of taxes, insurance, utilities, and maintenance of the all portions of the premises. The facility was constructed on a build-to-suit basis for DaVita in 2005, with an expansion and renovation in 2014.
With the absolute net lease structure, the tenant is directly responsible for the payment of taxes, insurance, utilities, and maintenance of the all portions of the premises. The facility was constructed on a build-to-suit basis for DaVita in 2005, with an expansion and renovation in 2014.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
6,455 SF
Building Class
C
Year Built
2005
Price
$2,380,703
Price Per SF
$368.82
Cap Rate
7%
NOI
$166,649
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,455 SF
Slab To Slab
11’
Building FAR
0.16
Lot Size
0.94 AC
Zoning
C2 - Commercial
Parking
25 Spaces (3.87 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 0200002691 | Improvements Assessment | $295,800 |
| Land Assessment | $17,970 | Total Assessment | $313,770 |
PROPERTY TAXES
Parcel Number
0200002691
Land Assessment
$17,970
Improvements Assessment
$295,800
Total Assessment
$313,770
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148 Hector Ave
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