Details

Fresenius Redevelopment Opportunity in Amite, LA

110 N 1st St, Amite City, LA

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hIGHLIGHTS

Size:3,221 SF

Price:$464,940.00

CAP RATE:13.92%

NOI:$647,795.50

PROPERTY
OVERVIEw

DETAILS

• GLA: 3,321 SF
• Price/SF: $140
• Lot Size: 30,000 SF
• Lot/SF: $15.50
• Year Built: 1989
• Lease Commencement: 7/31/1997
• Lease Expiration: 7/31/2022
• Excellently-maintained building
• Fresenius no longer occupies the building

InCommercial Property Group is pleased to offer the opportunity to acquire a plug-and-play medical office space at 101 N 1st St in the bustling city of Amite, LA. This 3,321 SF property is being offered for $464,940 at an 13.92% cap rate and has a NN lease structure. Fresenius’ current lease runs through July 31, 2022; however, the company no longer occupies this building, presenting an excellent opportunity to repurpose a well-maintained building and property.

Location

Contact

Michael Mintz

Vice President, Brokerage

(847) 648-1717

MMintz@InCommercialRE.com

Ryan Wewerka

Vice President, Brokerage

(425) 283-2183

RWewerka@InCommercialRE.com