$8.8M Sale of Cardiovascular Specialty Care Center Highlights Growing Demand for Cardiovascular Surgery Centers
COVINGTON, La.– Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of a 10,690-square-foot medical office property, occupied by Cardiovascular Specialty Care Center, in Covington, Louisiana. The property sold for $8,811,000.
The newly constructed facility was completed in 2025 and is fully occupied under a long-term triple-net lease. The center is staffed by eight physicians affiliated with US Heart & Vascular and will continue operating as a cardiovascular surgery center with options for future campus expansion.
“The sale of this newly constructed cardiovascular surgery center at $824 per square foot reflects the quality of the asset and the strength of the tenant,” said Seth Haron, managing director investments. “Staffed by eight physicians and affiliated with US Heart & Vascular, the facility is well positioned to meet growing demand for specialized outpatient care.”
Haron, Ashish Vakhariya and Darin Gross, investment specialists in Marcus & Millichap’s Detroit office, in association with Steve Greer, Marcus & Millichap’s Louisiana broker of record, had the exclusive listing to market the property on behalf of the seller, a group of investors/physicians affiliated with the tenant, and procured the buyer, Montecito Medical.
About Marcus & Millichap, Inc.
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
Find More:
Cardiovascular Ambulatory Surgery Centers (ASCs) Topic Center
Go to Cath Lab Digest's Current Issue
Go to the Journal of Invasive Cardiology Issue
