Base Rent Reduced on 215 Columbia street, Covington, La.

Office for Lease
Catylist Listing ID: 30367552
Property Subtypes: Executive Suites, Governmental, High-Tech, Institutional, Medical, Mixed Use, Office Building, Research & Development
Contiguous Space: 1,500 - 4,500 SF
Total Available: 8,500 SF
Building Size (RSF): 8,140 SF
Gross Building Area: 9,000 SF
Gross Land Area: 6,000 SF
Lease Rate: $12 PSF (Annual)
Base Monthly Rent: $1,500 - 4,500
Lease Types: NNN
Building Name: Columbia Co-Working (Former Brunner Gallery)
Class of Space: Class A
Last Updated: 5/19/2019

Overview / Comments

Property is 50% occupied upstairs and ground floor can entirely be made available.

NOI as of 1/1/2019 is $67,244, but working with a 4500 sf. tenant at $12+$3.50 cam, which would increase the NOI to: $121,244.00. Potential Gross Income of $130,000+/-
Minus (-) Operating Expenses - $32,920 annually

Excellent owner/user opportunity.

Expand All 3 Spaces Available

Suite: 1-10 4,500 SF $12 PSF (Annual) NNN
Suite: 1B 2,500 SF $12 PSF (Annual) NNN
Suite: 1c 1,500 SF $12 PSF (Annual) NNN

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Property Located Between: Boston and Rutland
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 4,500 SF
Roof Type: Arched
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,842 26,954 56,383
Median Age: 37.46 39.02 39.84
Households: 1,629 10,588 21,467


Photograph of Listing Agent

Matthew J Organ

Organ Properties Covington, LA 70433
LACDB Member
Photograph of Listing Agent

Bryan D Pigeon

GARDNER REALTORS Mandeville Covington, LA 70433
LACDB Member
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