For Sale: Meadowcrest Medical Office Building – Gretna (New Orleans), LA

Meadowcrest Medical Office

 

Holliday Fenoglio Fowler, L.P. (“HFF”) has been retained by Meadowcrest Professional Building Partnership (“Owner”) on an exclusive basis with respect to the disposition of Meadowcrest Medical Office Building (“The Property” or “Meadowcrest MOB”) that is comprised of approximately 68,526 square feet and is currently 95% leased. The Property is located less than six miles south from the New Orleans CBD, in the affluent suburb of Gretna, Louisiana. The Property is strategically positioned on the campus of Ochsner Medical Center – West Bank Campus (“the Hospital”) and connected to the Hospital via a covered walkway. The acquisition of the Property provides an investor with the opportunity to invest in a facility with strong occupancy, and an ideal on campus location that is affiliated with a strong, investment-grade health system, Ochsner Health (Moody’s Baa1).

Highlights

  • 95% occupied
  • On the campus of Ochsner Medical Center – West Bank Campus (180-beds) and connected via a covered walkway.
  • Fee Simple Ownership; No restrictions
  • Investment-grade credit health system, Ochsner Health, is the largest tenant by footprint, occupying 24% of the GLA
  • Heavy medical and retail concentrations in the surrounding area
  • On-site specialization including
    • Otolaryngology
    • Gynecologic oncology
    • Pediatrics
    • Primary care
    • Obstetrics and gynecology
  • Offered free and clear of debt

Click here to download the Executive Summary

Investment Contacts

Phil Mahler
Managing Director
pmahler@hfflp.com
312.300.7319

Michael Bennett
Managing Director
mbennett@hfflp.com
312.528.3694

Evan Kovac
Managing Director
ekovac@hfflp.com
858.812.2356

Ben Appel
Director
bappel@hfflp.com
484.532.4214

Edward Comer
LA License #: BROK0995684220-ACT
nedcomer@soundassetservices.com
504.836.5230

Mike Janus
Analyst
mjanus@hfflp.com
312.528.3677

Matt DiCesare
Analyst
mdicesare@hfflp.com
312.300.7305

Debt Contact

Colby Mueck
Managing Director
cmueck@hfflp.com
713.852.3575

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