Catylist ID: #30148892
Corporate Office Investment Property for Sale
Office for Sale
|Catylist Listing ID:||30148892|
|Property Subtypes:||Business Park, Executive Suites, Governmental, High-Tech, Institutional, Medical, Mixed Use, Office Building|
|Building Size (RSF):||59,605 SF|
|Gross Land Area:||80,782 SF|
|Unit Price:||$97.22 PSF|
|Property Use Type:||Investment, Vacant/Owner-User|
|Building Name:||5615 Corporate Blvd.|
|Class of Space:||Class B|
|Sale Terms:||Cash to Seller|
Overview / Comments
Saurage Rotenberg is pleased to present the opportunity to acquire a high-rise development site strategically located near the corner of Corporate Blvd. and Energy Dr. in Baton Rouge, LA perfect for investor or owner-occupant.
Located at 5615 Corporate Blvd. in Baton Rouge, LA, the Property is situated in the highly desirable 70808 zip code which includes approximately 708,955 square feet of office space with vacancy rates in the 6.68% range. The Property is one block or more away from the Esplanade Mall, Market Center @ Citiplace, & Towne Center, Baton Rouge's premier Lifestyle Center anchored by Whole Foods Market. The site features outstanding walkability offering access to top retailers, hotels, restaurants and entertainment options. 5615 Corporate is easily accessible to both Downtown Baton Rouge via I-10 and the LSU Campus via College Drive.
This offering features a rare L-shaped lot with 149 feet of frontage along Corporate Blvd. and 173 feet of frontage and access via Energy Drive wrapping a corner with lot totaling 80,782 SF or 1.855 Acres with +/- 188 parking spaces exclusive to the building. Improvements consist of a +/-59,605 SF 8-story corporate Class B office building and on-site chiller.
The Baton Rouge MSA provides stable job growth, low unemployment rates, and stable economies based in state government, higher education, the petro-chemical industry, health and technology industries. Baton Rouge has a comfortable base of demand for office space that comes from being the state's capital region. Employment in office-using industries has surpassed precession figures and is growing at a healthy rate, particularly in the trade, education, health, and information sectors. According to the Bureau of Labor Statistics, close to 3,000 jobs were added in Baton Rouge in 2015 alone, and over the next two years the city is expected to experience higher job growth than that of the rest of Louisiana. This increased demand has tightened vacancies, and absorption has outpaced the cycle's relatively limited deliveries.
The Premiere 8-story 57,116 RSF recently redesigned and renovated corporate office building is located in the high-profile Corporate Blvd. corridor in Baton Rouge's most desirable zip code with easy access to I-10, Downtown and LSU with ample walkability to area businesses. Offering full-service office leases at affordable rates with many floor plans and lay-outs to choose from. Tenant improvements are available. Entire top-floor executive penthouse space available for occupancy with panoramic city views. A real must see!
Renovated in 2016, recent improvements include all new landscaping, exterior signage and painting, renovation of foyer and lobby areas, restrooms and common areas, reconfigured parking lot to add additional parking, and new elevators.
Attachments & Media
|Tenant Business Name||EdGear|
|Tenant Business Name||Sample Brothers, Inc.|
|Tenant Business Name||Ekhaya Youth|
|Tenant Business Name||CVS Pharmacy, Inc.|
|Tenant Business Name||Axiall Corporation|
|Tenant Business Name||Stonetrust Insurance|
|Tenant Business Name||Medical Resource & Guidance, Inc.|
|Tenant Business Name||National Audubon Society|
|Nearest MSA:||Baton Rouge|
|County:||East Baton Rouge|
|Property Located Between:||Corporate Blvd. & Energy Dr.|
|Total Number of Buildings:||1|
|Number of Stories:||8|
|Typical SF / Floor:||7,662 SF|
|Parking Ratio:||3.3 (per 1000 SF)|
|Parking Description:||+/-158 to add +/- 30|
|Total Parking Spaces:||188|
|Legal Description:||Lot 5-A-1, Corporate Square Subdivision, Section 94, T7S, R1E, Parish of East Baton Rouge|
|Proximity:||1 mile||3 miles||5 miles|
Carmen R AustinSaurage Rotenberg Commercial Real Estate, LLC Baton Rouge, LA 70809
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