SAGE Rehabilitation Hospital

8000 Summa Ave, Baton Rouge, LA

$11,985,408

Price

6.25%

Cap Rate

$749,088

NOI

Overview
Cap Rate
6.25%
NOI
$749,088
Building Size
27,971 sqft
Lot Area
0.82 acres
Occupancy
100%
Lease Type
Triple Net
Year Built
1993 / 2007
Price Per Sqft
$428.49
Tenancy
Single
Lease Expire Year
3/17/2037
Description

This SAGE Rehabilitation Hospital a 45 bed Skilled Nursing Facility is strategically located next to Our Lady of the Lake Regional Medical Center, a 900 bed hospital & one of the 25 largest hospitals in the country and one of only three Level I trauma centers in Louisiana. The property sits close to Interstate 10 which has 180,587 vehicles per day. Baton Rouge has significant presence in the medical industry in Baton Rouge, other hospitals include Baton Rouge General Medical Center (600 beds), Ochsner Medical Center (760 beds), and more all receiving awards for their work.

Highlights
  • SAGE Rehabilitation Hospital is on a NNN Lease with more than 12 1/2 years remaining and 2% annual increases.
  • Sage Rehabilitation Hospital has 45 beds and offers Skilled Nursing and Inpatient Rehabilitation. The Stroke program and LSVT Parkinson’s program use innovative methods, best practices and industry-leading technology.
  • The Carpenter Health Network is a well-established healthcare operator with 38 locations across the south in Texas, Arkansas, Louisiana, Mississippi, Alabama, and Florida.
  • Strategically located next to Our Lady of the Lake Regional Medical Center (900 beds), one of the 25 largest hospitals in the country and one of only three Level I trauma centers in Louisiana. Other hospitals include Baton Rouge General Medical Center (600 beds), Ochsner Medical Center (760 beds), and more.
  • This SAGE Rehabilitation Hospital sits close to Interstate 10 which has 180,587 vehicles per day.
  • Excellent demographics of a 5 mile population of 201,444 and 3 mile average household income of $112,723.
  • Nestled along the majestic Mississippi River, Baton Rouge is the capital and the second largest city of Louisiana.
  • Louisiana State University (LSU), a renowned research institution with over 30,000 students, is located only 6 miles away from the property.
Documents
Title
The_Carpenter_Health_Network_Portfolio_MP_-_R.pdf
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Location
Gallery