Office Building

Office for Sale
Catylist Listing ID: 30169041
Property Subtypes: Governmental, Office Building
Building Size (RSF): 7,648 SF
Gross Building Area: 7,472 SF
Gross Land Area: 28,800 SF
Sale Price: $775,000
Unit Price: $101.33 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Owner Financing
Cap Rate: Undisclosed
Last Updated: 6/22/2022

Overview / Comments

This well-built brick office building is set 2 blocks off Hwy 190 just south of downtown Covington. Initially built and used for government offices, it has been home to a large non-profit organization for the last 5 years. Enjoy the quiet surroundings and minimal traffic just off Hwy 190. The spaces consist of multiple offices and a large conference room or shared workspace, as-is, or redesign the floor plan to fit your company’s needs.

Financials

Finance Data Year 2016
Real Estate Taxes - Annual($) $12,312 (Annual)
Gross Operating Income $63,660 (Annual)
Net Operating Income $46,390 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name Tenant
Is Renting? Yes
Annual Revenue $63,660 (Annual)
SF of Space Occupied 4,100 SF

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Tax ID/APN: f0806fa1-caaa-42c6-bcde-14e170d733d2
Zoning: NC-4 NEIGHBORHOOD INSTITUTIONAL
Highway Access: U.S. Highway 190
Total Number of Buildings: 1
Number of Stories: 1
Roof Type: Hip
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 35
Heat Type: Electricity
Heat Source: Central

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,623 27,279 47,175
Median Age: 40.98 39.26 40.8
Households: 1,100 10,732 18,257

Contact

Photograph of Listing Agent

Bradley Cook, MS, CCIM

Stirling Properties
Covington, LA
LACDB Member
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