Ochsner Health | Meridian, MS

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Investment Highlights

Low Rent Per Square Foot - The 19,300 SF medical building has a low rent per square foot of $13.06/SF.

Low Price Per Square Foot- The subject property is offered at the low price per square foot of $163.21/SF.

Recent Merger & Acquisition- In 2022, Ochsner Health completed a merger with Rush Health Systems. As a result, all Rush Health facilities were re-branded as Ochsner Rush Health.

Corporately Guaranteed- The subject property is guaranteed by Rush Health Systems, Inc, a wholly owned subsidiary of Ochsner Health. Rush Health Systems has a 100+ year history and is comprised of seven hospitals and more than 30 clinics. It is the largest healthcare system operating in East Mississippi and West Alabama and is the largest non-governmental employer in the region.

Facility Type	Building Area (SF)	Years Remaining	Net Operating Income
Single Tenant	19,300 Square Feet	4 Years	$252,000

Investment Overview - Peranich Huffman Net Lease Group is pleased to offer for sale, on an exclusive basis, the Ochsner Health of Meridian, Mississippi. Offered at an 8.00% capitalization rate, the offering provides an investor with the opportunity to acquire a property with a strong operation that are home to a regional medical tenant that exemplifies a reputation of consistency for both patients and the real estate investment community.

Lease Term - As a result of a lease term extension in 2018, the Ochsner Health of Meridian, MS has 4 years of lease term remaining. Additionally, the Ochsner Health lease provides for (2) 5-year renewal options.

Net Lease Structure - The lease is structured on a net basis, whereby the tenant is responsible for all expenses relating to the HVAC, interior/non-structural elements of the building, landscaping, insurance, property taxes, utilities and waste management. The landlord is responsible for the structural components of the building, roof and parking lot.

About The Tenant - Established in 1942, Ochsner Health delivers coordinated clinical and hospital patient care across the southeast region of the United States through Ochsner’s 40 hospitals, specialty hospitals, and 100+ health centers/urgent care centers. Utilizing Ochsner’s team of 32,000 employees and 4,500 providers, Ochsner Health assisted 900,000+ people from across the globe in 2020.