SAGE Outpatient Services

8313 Picardy Avenue, Baton Rouge, LA 70809

$3,511,350

Cap Rate 6.40%

Views: 52 Updated: 08.21.24 Posted: 05.27.24 Status: Inactive 08.21.24

Summary

Price $3,511,350	Built/Renov 1965/2000	Tenant SAGE Outpatient Services
Cap Rate 6.40%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 10,043	Lease Start 03-18-2022	#Units 3
Price/SF $349.63	Expiration 03-17-2037	Tenant Type Medical/Health
NOI $224,726	R. Term 11.11	Ownership Fee Simple
Rent/SF $22.38	Increases 2.0%/1/yrs	Pop 5Mi 194,272
Lot/AC 1.50	Options 2/5yrs/2%	AHHI 5Mi $95,730

Lease Highlights

SAGE Outpatient Services has 12+ years remaining on the current lease term with 2 (5-year) options to extend
The lease features 2% annual rental escalations throughout the primary term and option periods
Part of a portfolio of 11 health care properties that may be purchased individually or as a portfolio
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Sage Rehabilitation Hospital and Outpatient Services is a state-of-the-art outpatient facility. The 10,000-square-foot clinic will allow Sage space to treat more patients in the Baton Rouge community and includes a 3,000-square-foot therapy gymnasium with indoor walking track, offices for occupational and physical therapy, clinic rooms and patient treatment rooms, exterior walking track and...

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Key Features

Extensive TI’s
Build to suit
High traffic 50M+ VPD
Strategically located
Freeway close
Top 100 MSA
Strong demographics
Absolute NNN
Annual rent increases
Corporate Guarantee

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Links

SAGE Outpatient Services Wikipedia Baton Rouge, Louisiana Zip Code 70809 Broker Site Page

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Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: SAGE Outpatient Services
Guarantor:Corporate
Company:The Carpenter Health Network
# Units:3
Stock:Private

About Tenant

SAGE Rehabilitation Hospital (Sage Rehab) and SAGE Outpatient Services are partnered providers of comprehensive rehabilitation programs and part of The Carpenter Health Network in Louisiana....

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Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	6,591	66,309	190,692
2024 Total Population :	6,747	67,378	191,649
2024 Employed Civilian Pop :	3,656	37,684	105,304
2024 Total Businesses :	1,211	7,714	14,742
2024 Average Household Income :	$ 76,958	$ 110,405	$ 96,859
2024 Total Consumer Spending :	$ 241 M	$ 3044 M	$ 7202 M
2024 Median Age :	39	39	35
2024 Total Households :	3,535	31,506	84,366
2024 Pop Age 25+: Bachelor's Degree :	1,177	15,869	37,736
2024 Average Home Value :	$ 311,012	$ 416,258	$ 382,174

*ESRI data is presented for informational purposes only

Listing Broker

Deb Vannelli

Upland Real Estate Group, Inc.

Contact

72 Listings
11444 Views
16 Sold

Amanda Leathers

Upland Real Estate Group, Inc.

Contact

72 Listings
11444 Views
16 Sold

Deb Vannelli

Deborah Vannelli began her commercial real estate career over twenty-five years ago. Today, Deb is the Director of Net Lease Sales in the Minneapolis-based Upland Real Estate Group, Inc., and she has led her team to complete in excess of 900 net lease sales transactions, which have generated over $2.8 billion. Deb specializes in net lease investment sales on a national scale, representing buyers, sellers, and tenants on the sale or purchase of single and multi-tenant, net-leased investment p

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Amanda Leathers

Amanda Leathers has over sixteen years of experience working in net lease sales with a highly motivated and successful team. As an Investment Sales Associate, she has contributed in the completion of over 900 transactions, totaling in excess of $2.8 billion in investment sales nationally. Amanda attended St. Cloud State University, graduating with a Bachelor of Science in Real Estate from the Herberger Business School. Most of her professional career has been at Upland, giving her a unique o

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Keith Sturm

Upland Real Estate Group, Inc.

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72 Listings
11444 Views
16 Sold

Keith Sturm

With over 25 years of experience in commercial real estate, Keith Sturm is the Principal and CEO of Upland Real Estate Group, Inc, which he founded in 1995. Under his leadership, Upland has been consistently recognized as one of the top commercial real estate brokerage firms by the Minneapolis/St. Paul Business Journal. Keith has also been awarded the “Power Broker” in four out of five years since 2010, as a Top Brokerage Firm in Sales Transactions by Real Estate Forum and CoStar. Keith has man

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