ID#018625   Approximate Bed/Units:   250    Location:  Lake Charles

Another firm is pleased to introduce a 61,022 SF Health Care Building with 250 beds located in Lake Charles, LA. This large-scale residential-care redevelopment opportunity is being offered at a fraction of the replacement cost. Located within the quickly expanding Lake Charles MSA in an Opportunity Zone, other medical and/or institutional/government offices would also bode well for the asset. The property last operated as a 250-bed multi-care senior facility, closing after Hurricane Laura in 2020. Minimal cosmetic damage was sustained in the storm with all utilities remaining operational at present. Since its closure, the facility has been utilized for short-term training activities and remains climate-controlled. Special considerations from Nic Hunter, Mayor of Lake Charles: The state of Louisiana is the recipient of over $1B in federal disaster aid related to recent natural disasters in Southwest Louisiana, a portion of which is set aside for economic revitalization. Depending on the proposed use, this property could easily qualify for economic revitalization incentives. The City of Lake Charles has also expressed a willingness to consider local incentives, through the creation of an Economic Development District, depending on the proposed use.

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Lake Charles $2.5M ID#018625

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