PRICE REDUCED: 9.25% Cap Rate–National Tenant

Office for Sale
Catylist Listing ID: 30639117
Property Subtypes: Institutional, Net Leased, Office Building
Building Size (RSF): 6,393 SF
Gross Building Area: See Agent
Sale Price: $1,500,000
Unit Price: $234.63 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 9.25%
Last Updated: 11/18/2020

Overview / Comments

PRICE REDUCED 11/11/2020 to $1,500,000 from $1,575,000, offering 9.25% cap rate.

Gorgeous Exterior, and Class "A", Interior Build-Out, like new.
National CPA Firm, occupies 100% of the building, with a Corporate Guarantee on the lease. Pays $11,500.00 per month or $138,600.00 ( Net, Net, Net.).
36 month lease term, plus 2 options to renew for additional 5 years terms w/ 10% increase.
Building has 4 seperate bays, that are all wide open for the most part
7 hvac systems, and has 4 seperate meters.


Attachments & Media

Current Tenants

Tenant Business Name CPA Firm
Industry Type Finance and Insurance
Is Renting? Yes
Annual Revenue $138,600 (Annual)
Current Rent $11,550 PSF (Annual)
Options Three (3) 5 Year options with 10% increase in monthly rent.
Tenant Notes A True Net Lease, tenants pay for everything.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Tax ID/APN: 1121423209
Property Located Between: Greenleaves Subdivision
Property Visibility: Good
Highway Access: Directly off US HWY 190

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,112 36,545 57,120
Median Age: 40.37 40.79 40.29
Households: 2,977 13,754 21,293


Photograph of Listing Agent

Garrett Shearman

GARDNER REALTORS Mandeville Mandeville, LA 70471
LACDB Member
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