REIT Sale | $1 Reserve - Former Glenwood Surgery Center

Highlights:

• * Excellent Owner/User Opportunity to acquire a well-maintained Asset
• * Flexible B-3 zoning allows a future Owner of Investor a wide array of options for repositioning the Asset
• * Located minutes from the Glenwood Regional Medical Center and several other nearby medical buildings
• * Features a great location with quick and convenient access to and from I-20, Jonesboro Rd, and Cypress St.
• * Located in close proximity to several national retailers and restaurants to serve staff, patients, and families

Description:

Colliers, in partnership with Apex Commercial Exchange, is pleased to present for sale the 100 percent fee simple interest in the Former Glenwood Surgery Center (the “Property” or the “Asset”) located at 1275 Glenwood Dr, West Monroe, LA. West Monroe is centrally located between Shreveport, LA and Jackson, MS in northern Louisiana.

Built in 2004, the 17,830 square foot former surgery center is well positioned on 2.9 Acres. The Asset features an excellent location off of I-20 between Jonesboro Rd and Thomas Rd within a short drive of the Ouachita River. There are 3.5M square feet of office space within a 10-mile radius of the Property. With no new construction and a vacancy rate of just 5.5%, this Property represents a great opportunity to acquire an office building with upside potential.

Furthermore, the Former Glenwood Surgery Center presents an excellent opportunity for an Owner/User acquisition, especially given the possible synergies to the nearby hospital and other surrounding medical tenancy. The nearby medical properties including the Glenwood Regional Medical Center, Louisiana Center for Women’s Health, Glenwood Medical Mall (home to Ear Nose & Throat Specialists, Kid Health Pediatric Clinic, Cornerstone Specialty Hospitals West Monroe, Fresenius Medical Care, St Francis Medical Center, and Louisiana Pain Care. The Glenwood Regional Medical Center, located just over a mile away, is a full accredited DNV hospital.

The Property is also located within close proximity to multiple major retailers, restaurants, and hotels including Walmart, Hobby Lobby, Academy Sports + Outdoors, Planet Fitness, Texas Roadhouse, Golden Corral, Buffalo Wild Wings, Raising Cane’s Chicken Fingers, KFC, Arby’s, Slim Chickens, La Quinta, Hilton Garden Inn, Hampton Inn, and Comfort Suites.

Overall, the Former Glenwood Surgery Center offers an Owner/User or Investor an excellent opportunity to acquire a beautifully maintained medical office building in close proximity to the regional hospital.