As exclusive advisor to Ownership, Newmark is pleased to present for sale, the Howell Medical Plaza (the “Subject Property”, the “Medical Building”, the “Project” or the “Offering”). This Offering represents fee simple interest in a 97% leased, multi-tenant medical office building that is attached to the separately owned, Oceans Behavioral Healthcare Baton Rouge - Inpatient Psychiatric Hospital (the “Hospital”). The Property features a wide range of complimentary services including: intensive outpatient behavioral healthcare, primary care, women’s services, pediatrics, lab and X-ray among others. The Property is currently 97% leased to six tenants, all on a NNN basis with limited Landlord responsibilities. The Weighted Average Lease Term (WALT) remaining is approximately 8 years, helped by a recent early extension of Oschner Health’s spaces (~18% of the Property) and a newly executed, 10-year lease with Caresouth (~17% of the Property). Additionally, all of the leases feature annual rental escalations of 1.5%-2.0%. Currently, Year 1 NOI is projected to be $712,283.