St. Luke's

Investment Overview

Property One is pleased to present a value-add investment or owner-user opportunity at 4201 Woodland Drive, New Orleans, Louisiana. This six-story, ±120,000 SF institutional/medical facility sits on approximately ±8.1 acres on the West Bank and was originally constructed in 1973 as a 118-bed nursing home, with partial renovations completed in 2007. Zoned EC (Educational Campus District), the property is well suited for Medical or Psychiatric Inpatient Rehabilitation, Moderate- to High-Care Assisted Living, or other healthcare and institutional uses, with potential for public and private partnerships with nearby medical and educational institutions. Currently 26.5% occupied, the facility offers significant upside through lease-up, redevelopment, or owner-user conversion. With over 1,251 feet of frontage along General DeGaulle Drive, the property benefits from excellent visibility, access, and connectivity throughout the greater New Orleans market.

Investment Highlights

• 120,000 +/- SF
• Special Purpose Building (80 beds floors 2-6)
• Generator
• Built in 1973, Renovated in 2007
• Zoned EC (Commercial Center, Institutional Campus District)
• +/- 26.5% Occupancy
• Parking: +/- 96 Paved Surface
• Land +/- 8.10 Acres
• Floor Rentable Area : +/- 117,691