Jones Ceeek Investment Property

Retail-Commercial for Sale
Catylist Listing ID: 30391020
Property Subtypes: Free-Standing Building
Building Size (RSF): 5,100 SF
Gross Land Area: 0.47 Acres
Sale Price: $589,500
Unit Price: $115.59 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Homestead Flooring
Sale Terms: Cash to Seller
Cap Rate: 8.5%
Last Updated: 3/15/2019

Overview / Comments

Property One, Inc. is please to bring to market an opportunity to acquire a recently renovated building located on the newly completed widening of Jones Creek. Building is currently leased and occupied by Homestead Flooring, a local flooring company. Homestead Flooring is also allowing Vintage Place, the new home development behind building, use a small portion of the showroom for its Design Center.

* Building is 5,100 S Ft., with approximately 1,245 Sq. Ft. of Climate controlled warehouse, and approximately 3,855 Sq. Ft. of retail showroom and office space situated on 0.47 acres.

* Property has driveway access onto both Jones Creek and Shenandoah View Ct.

* Building has updated modern architectural accents and updated lighting and painting in remodeled showroom.

* Office and Warehouse are very clean.

The building can be purchase under the two scenarios.

1) Investment Property –- Homestead Flooring has indicated that they are willing to consider a sale-lease back the property (Landlord paying Taxes, Insurance, Lawncare, Roof/Structure, HVAC).

2) Vacant Owner-Use –- In the event Owner desires to occupy building, Landlord has the option to not renew lease to Homestead Flooring.

Current Tenants

Tenant Business Name Homestead Flooring
Website URL https://www.homesteadflooringco.com/
Industry Type Wholesale Trade
Is Renting? Yes
SF of Space Occupied 5,100 SF
Tenant Notes Homestead Flooring is wood and tile sales company for builders and installers in south Louisiana. Our aim is simple: provide a curated selection of products to take the guesswork out of the selection process. We choose timeless materials and colors and high quality products that will last through the years. We also calculate and provide the adhesives and setting materials required for a job.

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 43
Tax ID/APN: 007-4690-8
Zoning: RURAL
Retail Clientele: General, Family, Business
Property Visibility: Excellent
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,100 SF
Property Condition: Excellent
Construction/Siding: Block
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,331 68,232 160,612
Median Age: 36.82 35.42 36.82
Households: 5,684 27,981 65,278

Contact

Photograph of Listing Agent

Will H Adams, IV

Property One Inc Baton Rouge Baton Rouge, LA 70816
LACDB Member
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