Fully Leased Garden Office Investment

Sold Office
Catylist Listing ID: 30147830
Property Subtypes: Business Park, Office Building
Property Type: Office
Archived As: Sold

Overview / Comments

Fully Leased 3 Suite Garden Office Building.

Suite A (1,124 SF): Occupied by a long term Tenant that has been in the suite for over 8 years. Leased at $1,150 per month.

Suite B (1,422 SF): Occupied by a Tenant who began occupancy in 2016. Leased at $1,050 per month.

Suite C (1,028 SF): Occupied and leased by Owner's Company. Leased at $1,000 per month.

Owner is retiring and will move out of the space at the end of October 2017.

This building has stayed fully leased since it was built. The small size of the suites makes them easy to lease. When Suite B became available in 2016, a lease was signed with new tenant before previous tenant moved out.

Located right off S. Sherwood Forest Blvd near I-12.

Gross Income: $38,400. Annual Expenses: $8,735. NOI: $29,655

Attachments & Media

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $4,515 (Annual)
Potential Rental Income $38,400 (Annual)
Net Operating Income $29,655 (Annual)
Gross Operating Income $38,400 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 43
Tax ID/APN: 3137279
Property Located Between: Bricksome & Justice Ave
Property Visibility: Good
Parking Ratio: 5.3 (per 1000 SF)
Total Parking Spaces: 19
Legal Description: Lot 88, Wellington Park

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,972 94,388 213,370
Median Age: 32.79 36.48 35.64
Households: 6,879 39,691 87,152

Contact

Photograph of Listing Agent

Joey C Canella

SVN - Graham, Langlois & Legendre, LLC Baton Rouge, LA 70808
LACDB Member
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