April 17, 2020 – Zack Smith of Horvath & Tremblay has successfully completed the sale of Octapharma Plasma, Inc in Gretna, Louisiana. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $2,380,292.
Octapharma Plasma, Inc. is located at 665 Behrman Highway in Gretna (New Orleans MSA), Louisiana. Octapharma Plasma, Inc occupies a 15,920 square foot building on a 2.06 acre lot. They have been in this location since 2015, and demonstrated their commitment to the site by exercising their 10-year option early. Octapharma Plasma, Inc. has 10.5 years remaining on a Double-Net Lease with three, 5-year options remaining. The lease features increases every five years throughout the base term and option periods. The property benefits from its strategic corner location and excellent visibility at the heavily traveled, signalized intersection of Behrman Highway (SR 428) and Carol Sue Avenue. The intersection has traffic counts in excess of 32,000 vehicles per day and outstanding demographics with more than 113,000 people within a 3-mile radius, and an average household income of more than $70,000 within a 1-mile radius.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.