Covington Office Building

Office for Sale
Catylist Listing ID: 30764144
Property Subtypes: Executive Suites, Office Building
Building Size (RSF): 14,222 SF
Gross Land Area: 1.05 Acres
Sale Price: $1,550,000
Unit Price: $108.99 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 12/1/2021

Overview / Comments

1st time on market, leased office building available. Tenants include Lake Wellness, MD Claims, M & L Publishing & Pathways. Well built and maintained with large amount of parking. Less than 1 mile North of I-12 and Hwy 190. Both floors have 4 suites for a total of 8, each are separately metered. Several tenants are using more than one space. There is a gazebo in rear for picnic lunching and camera's on site for tenants use for surveillance. Current cap rate is just at 7%.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Tax ID/APN: 1071404029
Zoning: NC-1
Property Located Between: Hwy 190, I-12 Frontage Raod
Property Visibility: Excellent
Highway Access: Hwy. 190
Airports: MSY, Hammond Regional Airport
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 7,111 SF
Year Built: 2005
Roof Type: Arched
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,928 34,766 76,902
Median Age: 35.44 40.99 39.96
Households: 2,349 13,579 29,050

Contact

Photograph of Listing Agent

Brent Cordell

Keller Williams Realty
Mandeville, LA
LACDB Member
Photograph of Listing Agent

Lizby M Eustis

Keller Williams Realty Services
Mandeville, LA
LACDB Member
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