4407 Highway 190 East Service Rd | Covington, LA 70433
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- LoopNet Team
4407 Highway 190 East Service Rd
Covington, LA 70433
NNN ASC | $70k Buyside | Seller Finance · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Maintain a “hands-off” approach with this asset’s NNN lease calling for the tenant to cover expenses such as taxes, insurance, and maintenance.
- Offered at a favorable 8.50% cap rate, this is an excellent opportunity to acquire a specialized, health system affiliated facility
- Highway 190 Service Road provides direct access to Highway 190 (50,500 VPD)
- Ambulatory surgery centers provide a high likelihood of long-term tenancy due to high-cost buildouts, and extensive licensing approvals.
- Our Lady of the Lake Pontchartrain Surgery Center is a multi-specialty surgery center with two (2) ORs and one (1) procedure room
- This location was rated as a Top ASC both in Louisiana and across the US
PROPERTY FACTS
Property Type
Office
Property Subtype
Building Size
8,446 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,446 SF
Building FAR
0.19
Lot Size
1.00 AC
Zoning
HC2
PROPERTY TAXES
| Parcel Number | 54690 | Improvements Assessment | $180,029 |
| Land Assessment | $0 | Total Assessment | $180,029 |
PROPERTY TAXES
Parcel Number
54690
Land Assessment
$0
Improvements Assessment
$180,029
Total Assessment
$180,029
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