Touro Professional/Medical Office Condos - New Orleans, LA

 Investment Highlights

• A three-unit medical/professional office condo offering on the 3rd floor, not the full building, for targeted exposure within an established healthcare property.
• Partially leased to LabCorp, a high-credit national tenant, the property delivers $110,401 in annual income ($9,200.07/month) with built-in rent escalations and stable cash flow.
• Directly across from Touro Infirmary in the Uptown/Garden District, one of New Orleans’ most recognized medical/professional corridors.
• Walkable access to St. Charles Avenue transit and strong connectivity to the broader New Orleans metro.
• Situated within a 204,545 SF medical/professional office property that is 97.2% leased, according to CoStar, supporting a stable operating environment.
• The existing tenant base includes healthcare and lab users, reinforcing medical/professional demand and the units' long-term relevance.
• Flexible unit configuration supports professional and medical/professional users, investors, or future owner-users within a supply-constrained urban infill location.

 Offering Summary

The offering consists of three third-floor medical/professional office condominiums at 3525 Prytania Street in New Orleans, Louisiana, within the Touro Medical Office property in the Uptown/Garden District. The units are positioned directly across from Touro Infirmary in one of the city’s most established healthcare corridors, giving investors exposure to durable professional/medical office demand supported by nearby hospital services, private practices, lab users, and a dense daytime population.

Importantly, the sale is limited to Units 319, 320, and 321 rather than the entire building, creating an opportunity to acquire a targeted medical/professional office condo assemblage within a larger institutional-quality medical office environment. The asset benefits from walkable access to the St. Charles corridor, strong connectivity through the broader New Orleans metro, and proximity to a wide range of medical and neighborhood amenities that support tenant retention and long-term relevance.

Within the property, occupancy remains high and available space is limited relative to the overall building size, reinforcing the depth of demand for well-located medical/professional office product in this submarket. The combined unit mix also offers flexibility for investors pursuing medical tenancy, owner-user disposition, or phased leasing strategies within a supply-constrained urban healthcare location.

Auctioneer: Lamar P. Fisher Fisher Auction Company Inc. License: 1983. Starting Bid: $150,000