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Resolve Pain Solutions | Hospital Adjacent 5408 Flanders Dr 9,394 SF 100% Leased Office Building Baton Rouge, LA 70808 $3,030,323 ($322.58/SF) 7.75% Cap Rate
Investment Highlights
- Triple Net Lease Structure Allows for Passive Ownership
- 5-Year Lease Executed May 2024- Features Attractive CPI Increase During Renewal Option
- Surrounded by Synergistic Medical Tenants- Growing Area With High Demand for Medical Office Space
- Growing Practice with Strong Presence and Backing by Compass Group Equity Partners- Spine Diagnostic & Pain Treatment Center Acquired by Resolve Pain
- Baton Rouge Serves as Regional Spine Patient Referral Hub- Home of The Spine Hospital of Louisiana
- Significant Historical Occupancy- Spine Diagnostic & Pain Treatment Center has Been in the Market for 23+ Years
Executive Summary
Triple Net Lease Structure - Allows for Passive Ownership
Growing Practice with Strong Presence and Backing by Compass Group Equity Partners- Spine Diagnostic & Pain Treatment Center Acquired by Resolve Pain Solutions in 2026Compass Group Equity Partners has $800+ million in AUM
5-Year Lease Executed May 2024- Features Attractive CPI Increase During Renewal Option
Baton Rouge Serves as Regional Spine Patient Referral Hub-Home of The Spine Hospital of Louisiana
Patients Travel to Baton Rouge for Complex Spine and Neurological Treatment
Surrounded by Synergistic Medical Tenants- Growing Area With High Demand for Medical Office Space
Significant Historical Occupancy- Spine Diagnostic & Pain Treatment Center has Been in the Market for 23+ Years
Proximity to Major Hospital-
Located In the Major Medical Parkway with Minimal Vacancy 0.28 Mile(s) from Our Lady of the Lake Regional Medical Center Our Lady of the Lake Regional Medical Center is One of the 25 Largest Hospitals
900+ Licensed Bed Hospital
The Area’s Only Level 1 Trauma Center
650+ Provider Care Network Covering More Than 40 Specialties
Growing Practice with Strong Presence and Backing by Compass Group Equity Partners- Spine Diagnostic & Pain Treatment Center Acquired by Resolve Pain Solutions in 2026Compass Group Equity Partners has $800+ million in AUM
5-Year Lease Executed May 2024- Features Attractive CPI Increase During Renewal Option
Baton Rouge Serves as Regional Spine Patient Referral Hub-Home of The Spine Hospital of Louisiana
Patients Travel to Baton Rouge for Complex Spine and Neurological Treatment
Surrounded by Synergistic Medical Tenants- Growing Area With High Demand for Medical Office Space
Significant Historical Occupancy- Spine Diagnostic & Pain Treatment Center has Been in the Market for 23+ Years
Proximity to Major Hospital-
Located In the Major Medical Parkway with Minimal Vacancy 0.28 Mile(s) from Our Lady of the Lake Regional Medical Center Our Lady of the Lake Regional Medical Center is One of the 25 Largest Hospitals
900+ Licensed Bed Hospital
The Area’s Only Level 1 Trauma Center
650+ Provider Care Network Covering More Than 40 Specialties
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
9,394 SF
Building Class
B
Year Built
1984
Price
$3,030,323
Price Per SF
$322.58
Cap Rate
7.75%
NOI
$234,850
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,394 SF
Slab To Slab
10’
Building FAR
0.18
Lot Size
1.20 AC
Parking
55 Spaces (5.85 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 00918296 | Improvements Assessment | $224,262 |
| Land Assessment | $19,192 | Total Assessment | $243,454 |
Property Taxes
Parcel Number
00918296
Land Assessment
$19,192
Improvements Assessment
$224,262
Total Assessment
$243,454
Contacts
-
Giovanni Figueiredo -
Spencer Koch -
Christopher Biuso -
Caitlin Lancaster -
Marcus & Millichap
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Resolve Pain Solutions | Hospital Adjacent | 5408 Flanders Dr
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