For Sale
$2,350,000

200 Greenleaves BlvdMandeville, LA 70448

Mandeville, LA Medical Office Building - High ROI

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents the Greyfern Medical Office Complex, a fully occupied Class B property located at 200 Greenleaves Blvd, Mandeville, Louisiana, 70448. The property boasts a total of 18,699 square feet spread across two single-story buildings, comprising seven individual units. Built in 1990, this established medical office park offers a compelling 7.66% capitalization rate and a strong net operating income (NOI) of $180,000, with an asking price of $2,350,000. The price per square foot is $125.68. Situated in the heart of Mandeville, this prime location provides excellent visibility and accessibility. The current occupancy allows for immediate cash flow, while the potential for lease renewals or owner-user occupancy provides long-term growth opportunities. This is an ideal acquisition for investors seeking a stable, high-yielding asset in a thriving Louisiana market. The property's strong performance metrics and strategic location make it a highly attractive investment prospect. Serious inquiries are encouraged.

Highlights

  • Fully occupied Class B medical office complex in Mandeville, LA.
  • 18,699 square feet across two single-story buildings with seven units.
  • 7.66% capitalization rate and $180,000 NOI.
  • Asking price: $2,350,000 ($125.68/SF).
  • Prime Mandeville location offering excellent visibility and accessibility.

Property Details for 200 Greenleaves Blvd

Property type
Office properties, Medical offices
Square Feet
18,699 SF
Class
B
Year Built
1990
Buildings
2
Stories
1
Units
7

Location Insight

City
Mandeville
County
St. Tammany Parish
State
Louisiana
Latitude
30.3775393
Longitude
-90.0753788
200 Greenleaves Blvd, Mandeville, Louisiana

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
200 Greenleaves Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message