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. 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: $29,655
Attachments & Media
|Finance Data Year||2017|
|Real Estate Taxes - Annual($)||$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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