Catylist ID:
#30606250
Timberlake II Office Condo (Net Leased to Medical User)
Office
for Sale
Sale Pending
| Catylist Listing ID: | 30606250 |
| Property Subtypes: | Office Building |
| Status: | Pending |
| Building Size (RSF): | 3,442 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 0.98 Acres |
| Sale Price: | $750,000 |
| Unit Price: | $217.90 PSF |
| Property Use Type: | Investment |
| Building Name: | Timberlake II Office Park |
| Class of Space: | Class A |
| Usable Size (USF): | 3,442 SF |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 1/14/2021 |
Overview / Comments
|
3,442 square foot office condo with high-end finishes in desirable Timberlake Office Park. Office building is located at the end and has ample parking. The unit contains six offices, two of which are Executive offices, a large center conference room, kitchen, open work area, reception and restroom Owner has recently completed a lease with a Credit Medical user. Currently doing built out for rent Commencement ASAP. NOI: $52,970 |
Additional Details
| Nearest MSA: | Baton Rouge |
| County: | East Baton Rouge |
| Submarket/Township: | 53 |
| Tax ID/APN: | 017-5373-8 |
| Zoning: | C2 |
| Property Located Between: | Highland Rd. and Perkins Rd. |
| Property Visibility: | Excellent |
| Year Built: | 2000 |
| Year Renovated: | 2020 |
| Construction/Siding: | Stucco |
| Parking Type: | Surface |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 10,667 | 67,536 | 170,600 |
| Median Age: | 38.53 | 36.01 | 35.16 |
| Households: | 4,538 | 28,253 | 73,414 |
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