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United Healthcare & Mercy Autism 1702 N Burnside Ave

6,135 SF Vacant Office Building Gonzales, LA 70737 $1,275,000 ($208/SF) 7.88% Cap Rate

Investment Highlights

  • Located Directly Off of Highway LA-44 and E Bayou Narcisse St, Which See Over 30,000 VPD
  • Directly Across the Street From Our Lady of the Lake Physician Group, a Prominent Regional Medical Group That Provides Prolific Customer Flow
  • Long-Term Operating History - Nearly 35 Years and Counting
  • Signalized Hard Corner; Sitting on an Approximately 0.53 Acre Site
  • Located Less Than 1 Hour North of New Orleans

Executive Summary

Sands Investment Group is Pleased to Exclusively Offer For Sale the 6,135 SF United Healthcare & Mercy Autism Asset Located at 1702 North Burnside Avenue in Gonzales, LA. This Deal Features a Signalized Hard-Corner Property, Strategically Located on Highway LA-44 and E Bayou Narcisse Street, Which See Over 30,000 VPD, Providing High Visibility and a Secure Investment Opportunity.
In Cooperation With Sands Investment Group Louisiana, LLC - Lic. #BROK.0995702111-CORP BOR: Andrew Ackerman Lic. LA #BROK.0995700567-ACT

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
6,135 SF
Building Class
C
Year Built/Renovated
1990/2023
Price
$1,275,000
Price Per SF
$208
Cap Rate
7.88%
NOI
$100,470
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,135 SF
Building FAR
0.27
Lot Size
0.53 AC
Zoning
MU - Mixed use

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Mercy Autism Center
  • Health Care and Social Assistance
  • 3,142 SF
  • $15.00
  • Triple Net
  • Feb 2029
  • United Healthcare
  • Health Care and Social Assistance
  • 2,963 SF
  • $18.00
  • -
  • Feb 2027
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Mercy Autism Center Health Care and Social Assistance 3,142 SF $15.00 Triple Net Feb 2029
United Healthcare Health Care and Social Assistance 2,963 SF $18.00 - Feb 2027

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04011-602
Land Assessment
$12,000
Improvements Assessment
$58,500
Total Assessment
$70,500
  • Listing ID: 33742173

  • Date on Market: 4/10/2023

  • Last Updated:

  • Address: 1702 N Burnside Ave, Gonzales, LA 70737

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