Catylist ID: #30147830
Fully Leased Garden Office Investment
Office for Sale
|Catylist Listing ID:||30147830|
|Property Subtypes:||Business Park, Office Building|
|Building Size (RSF):||3,574 SF|
|Gross Building Area:||See Agent|
|Unit Price:||$97.93 PSF|
|Property Use Type:||Investment|
|Class of Space:||Class B|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||100|
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, which has occupied the suite for over 9 years. Owner wishes to continue occupying and leasing the suite upon sale. Leased at $1,000 per month.
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: $29,655
Attachments & Media
|Finance Data Year||2017|
|Real Estate Taxes - Annual($)||$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|
|Nearest MSA:||Baton Rouge|
|County:||East Baton Rouge|
|Property Located Between:||Bricksome & Justice Ave|
|Parking Ratio:||5.3 (per 1000 SF)|
|Total Parking Spaces:||19|
|Legal Description:||Lot 88, Wellington Park|
|Proximity:||1 mile||3 miles||5 miles|
Joey C CanellaSVN - Graham, Langlois & Legendre, LLC Baton Rouge, LA 70808
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