3403 Government St - Trinity Health PACE
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3403 Government St - Trinity Health PACE
21,854 SF Health Care Building Offered at £1,972,500 at a 10% Net Initial Yield in Alexandria, LA 71302
Investment Highlights
- Currently Leased to Trinity Health Pace
- 9.8% Cap Rate
- 7 Year lease with Two 5-year extensions
Executive Summary
Prime investment opportunity at 3403 Government St., featuring Trinity Health PACE as a stable tenant under a 7-year lease. The building underwent significant renovations in 2024, tailored specifically to meet the tenant's needs. This property offers a secure and reliable income stream in a well-maintained, modern facility. Ideal for investors seeking long-term returns with an established healthcare provider in place.
Property Facts
| Price | £1,972,500 | Lot Size | 2.45 AC |
| Price Per Bed | £281,786 | Building Size | 21,854 SF |
| Sale Type | Investment | No. Beds | 7 |
| Net Initial Yield | 10% | Number of Floors | 1 |
| Property Type | Health Care | Year Built/Renovated | 1970/2023 |
| Property Subtype | Rehabilitation Centre | Parking Ratio | 4.58/1,000 SF |
| Building Class | C |
| Price | £1,972,500 |
| Price Per Bed | £281,786 |
| Sale Type | Investment |
| Net Initial Yield | 10% |
| Property Type | Health Care |
| Property Subtype | Rehabilitation Centre |
| Building Class | C |
| Lot Size | 2.45 AC |
| Building Size | 21,854 SF |
| No. Beds | 7 |
| Number of Floors | 1 |
| Year Built/Renovated | 1970/2023 |
| Parking Ratio | 4.58/1,000 SF |
Amenities
- Wheelchair Accessible
- Fiber Optic Internet
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | 23-046-02885-0008 | Improvements Assessment | £179,892 |
| Land Assessment | £25,248 | Total Assessment | £205,140 |
PROPERTY TAXES
Parcel Number
23-046-02885-0008
Land Assessment
£25,248
Improvements Assessment
£179,892
Total Assessment
£205,140
zoning
| Zoning Code | C-2 |
| C-2 |
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Matthew Ritchie -
Ritchie Real Estate, LLC
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3403 Government St - Trinity Health PACE
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