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2570 SW Railroad Ave

Hammond, LA
Floors
1
Total Size
10,090 sqft
Zoning
Year Constructed
1980
Year Renovated
2013
Building Class
Class B

About 2570 SW Railroad Ave

Leased to Regional Medical tenant in year 2 of 12 – strong NNN leases in place. New HVAC Units, New Sprinkler & Fire Alarm, Back-up Generator. • 10,090 SF • Located < 1 mile south of North Oak Hospital in Hammond • 88% Occupied medical office • $144,367 NOI • 8.25% CAP (actual) - 9.25% CAP (proforma) • Reduced from $1,890,000 to $1,750,000

Completely Renovated Interior, Additional 2,000 SF Expansion Completed June 2013, New Fire Alarm & Fire Sprinkler Systems, New 36 KW Back-up Generator, New HVAC Units, Updated ADA Access Ramp & Bathrooms, New Monument Sign, Tenant Maintains Interior, Separate Utility Meters, New Gas Service, Public Sewer & Water

1,250 SF is vacant, which provides for up-side potential. Easily able to raise CAP.

Property to be sold "As-Is, Where-Is, with full waiver of redhibition and warranty of title being limited to Seller's acts during Seller's ownership. - Number of buildings: 2 - Class of space: Class B - Tenancy: Multiple Tenants

Internet Providers for 2570 SW Railroad Ave

Provider Technology Max Download Speed Max Upload Speed
CHARTER COMMUNICATIONS INC. Cable
1 Gb/s
6 Mb/s
NTS Communications, Inc. DSL
10 Mb/s
1.5 Mb/s

The City: Hammond

On average, listings lease in the $10's per square foot per year. The Hammond submarket is going through a a boost in rates. In the last 3 months, the median rate increased $16 per sqft per year. That's a Inf% increase in rent.

Median Rate Median Size
Hammond $16
/sqft/yr
1,600
sqft

Median Rate over Time in Hammond