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For Sale: Trophy-Quality, 100% Leased Medical Office Building Adjacent to Premier Lifestyle Center

The NeuroMedical Center

Baton Rouge, LA

100% LEASED, CLASS A MEDICAL OFFICE BUILDING

LOCATED ADJACENT TO PREMIER MIXED-USE DEVELOPMENT

The Offering

CBRE’s Healthcare Capital Markets is pleased to exclusively offer The NeuroMedical Center (the “Property”) for purchase.  The NeuroMedical Center is a six-story, 116,748-rentable square foot, Class A medical office building located across the street from Perkins Rowe, a premier retail and entertainment destination in Baton Rouge, Louisiana. The facility is directly connected to The Spine Hospital of Louisiana (“SHOLA”), a physician-owned  and federally-rated five-star hospital focused on treatments of the spine, performing over 10,000 procedures per year.

The Property is 100% leased to a high-caliber and synergistic group of tenants, anchored by The NeuroMedical Center Clinic (“NMC Clinic”), one of the nation’s largest groups of neurological experts, that provide clinical services for patients of SHOLA. Other tenants at the Property include The NeuroMedical Rehabilitation Hospital, The Spine Hospital of Louisiana, and US Army Recruiting Battalion. The Property boasts long-term leases with a weighted average remaining lease term of 8.0 years.

Investment Highlights

Located adjacent to the Perkins Rowe shopping & entertainment district, The NeuroMedical Center offers investors the opportunity to acquire a 100% leased medical office building, with prominent physician group tenancy within a popular retail destination.

  • 100% Leased with 8.0 Years of Remaining Lease Term
  • Ideally Located Adjacent to Premier Mixed-Use, Lifestyle Development
  • Proximate to Two Hospitals and the Baton Rouge Health District
  • Synergistic Tenancy 
  • Excellent Demographics for Medical Office
  • Highly Accessible with Immediate Access to I-10
  • Appealing Aging Trends
  • Recession Resistant Property Category
  • Delivered Free and Clear of Any Debt

PRICE: Best Offer

ADDRESS: 10101 Park Rowe Avenue, Baton Rouge, LA 70810

SIZE: 116,748 RSF

YEAR BUILT: 2004

OCCUPANCY: 100%

IN-PLACE NOI: $2,455,872

WEIGHTED AVERAGE LEASE TERM: 8.0 years

Contact information

CBRE U.S. HEALTHCARE CAPITAL MARKETS

Lee Asher
+1 404 504 5965
lee.asher@cbre.com

Chris Bodnar
+1 303 628 1711
chris.bodnar@cbre.com

Jordan Selbiger
+1 404 923 1259
jordan.selbiger@cbre.com

CBRE DEBT & STRUCTURED FINANCE

Sabrina Solomiany
+1 404 536 5054
sabrina.solomiany@cbre.com

BATON ROUGE MARKET PARTNER

Beau J. Box, SIOR
Beau Box Commercial Real Estate
+1 225 237 3343
bbox@beaubox.com

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