Multi-Tenant Office Building

Office for Sale
Catylist Listing ID: 30769911
Property Subtypes: Business Park, Executive Suites, Coworking, Governmental, High-Tech, Medical, Mixed Use, Flex Space, Office Building, Research & Development, Other
Building Size (RSF): 19,830 SF
Gross Land Area: 2.14 Acres
Sale Price: $710,000
Unit Price: $35.80 PSF
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User
Building Name: St Francis North Medical Plaza
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/1/2021

Overview / Comments

Saint Francis North Medical Plaza is an office complex near the former St. Francis North Hospital on Highway 165 North in Monroe, Louisiana.

Priced at appraised value, the property consists of two 2-story office buildings with connected walkways/stairways and one elevator. Roof of each building was replaced in 2020.

Primary Improvements:
Building A Area: 11,236 SF,
Building B Area: 8,444 SF,
Building A Elevator Area: 150 SF,
Gross Building Area: 19,830 SF.

Parking Improvements:
Concrete Drives & Parking: 40,450 SF,
# of Parking Spaces: 109,
Required # of parking stalls: 67 per zoning.

Site Improvements:
Concrete Walkway: 5,420 SF,
1st Floor Covered Walkway: 4,400 SF In Place,
2nd Floor Covered Walkway: 5,100 Lineal Feet,
Steel Stairs: 4 In Place,
Fenced HVAC Pads: 2 In Place.

Floor Plans available upon request. For more information or to schedule a private showing, please call Jennifer Causey at 318-261-0892.

Additional Details

Nearest MSA: Monroe
County: Ouachita
Taxing Authority: Ouachita Parish
Tax ID/APN: 8500, 29396, 42355, 66202, 66203, 66204, 84791
Zoning: B4 - HEAVY COMMERCIAL DISTRICT
Property Located Between: Medical Park Drive and Magnolia Cove
Property Visibility: Excellent
Highway Access: Hwy 165 N
Airports: Monroe Regional Airport - 15 min (6.8 mi) via Old Sterlington Rd
Site Description: 2.14 +/- Acres Shape: Irregular and contiguous. Topography: Fairly level. Drainage: Adequate. Flood Zone: X. Access: Medical Park Drive provides direct access. Street Type: Medical Park Drive is a two-lane asphalt roadway. Zoning: B-4
Area Description: Surrounding Land Uses: Office, Service businesses, restaurants and special purpose.
Total Number of Buildings: 2
Number of Stories: 2
Year Built: 1983
Roof Type: Hip
Construction/Siding: Brick
Exterior Description: Foundation: Concrete. Framing: Class "D"; Wood Frame. Exterior Walls: Brick veneer with wood siding. Exterior Doors: Mostly good quality commercial. Some steel, some wood. Windows: Mostly aluminum framing windows. Roof and Drainage System: Wood frame with asphalt shingles. Gutters in place. Vents: Typical for office use.
Parking Type: Surface
Parking Description: 109 total parking spaces. Zoning requires a minimum of 1 space per 300 square feet. This property provides 1 space per 182 square feet.
Total Parking Spaces: 109
Passenger Elevators: 1
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Interior Description: Building A: First Floor: Suite 4: 1,460 SF, Suite 5: 1,730 SF, Suite 6: 2,428 SF. Building A: Second Floor: Suite 24: 1500 SF, Suite 27: 4118 SF. Building B: First Floor: Suite 1: 1,407 SF, Suite 2: 1,407 SF, Suite 3: 1,407 SF. Building B: Second Floor: Suite 21A: 1,575 SF, Suite 21B: 1,255 SF, Suite 23: 1,392 SF. Walls: Sheetrock with paint or wallpaper. Doors: Mostly average quality office doors. Flooring System: Slab on first floor, joist on second floor. Ceilings: Suspended acoustical tiles in grid system, mostly 9' height. Floor coverings: Mostly commercial carpet and VCT. Other: Built-in cabinetry in most office and exam rooms. Most exam rooms are equipped with sinks. Equipment and Mechanical Systems: Plumbing: Sinks in lab areas, restrooms, break rooms and most exam rooms. Hot Water System: Available for each suite. Heating & Cooling: Central HVAC units for each suite. Electrical Systems: Typical and adequate for office use. Fire Protection: Fire extinguishers and 4-Zone fire detection system. Elevators, ramps, stairs: Four sets of exterior stairs along with one elevator. Alarms: Security systems for some suites.
Zoning Description: B-4: Heavy Commercial District
Lot Frontage: 328 Feet
Lot Depth: 304 Feet
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Ingress/Egress, Utilities, Environmental
Easements Description: Cross Easements and Maintenance Agreement recorded in Conveyance Book 1575, page 390 of the records of Ouachita Parish, Louisiana.
Land Ownership: Owned
Legal Description: A certain tract or parcel of land containing 2.14 acres, more or less, being a portion of Lot 3, Block "B" of Unit No.1, North Monroe Medical Park situated in Sections 4 and 5, Township 18 North, Range 4 East, Monroe, Ouachita Parish, Louisiana, and being more particularly described as commencing at the Northwest corner of said Lot 3 and the Northeast corner of Lot 2 of said Block "B" as the Point of Beginning; thence South 07* 52' 31" West along the West line of said Lot 3 a distance of 300.00 feet to the Southwest corner of said Lot 3; thence South 81* 56' 01" East along the South line of said Lot 3 a distance of 330.0 feet; thence North 07* 52' 31" East a distance of 70.0 feet; thence North 81* 56' 01" West a distance of 82.0 feet; thence North 07* 52' 31" East a distance of 71.0 feet; thence South 81* 56' 01" East a distance of 82.0 feet; thence North 07* 52' 31" East a distance of 159.0 feet to the South line of Medical Park Drive and the Northline of said Lot 3, thence North 81* 56' 01" West along the South line of Medical Park Drive and the North line of said Lot 3 a distance of 330.0 feet to the Point of Beginning. Together with appurtenant easements contained in the Cross Easements and Maintenance Agreement recorded in Conveyance Book 1575, page 390 of the records of Ouachita Parish, Louisiana.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,444 16,751 55,204
Median Age: 31.42 34.6 35.04
Households: 1,159 7,028 23,067

Contact

Photograph of Listing Agent

Jennifer Causey

John Rea Realty Monroe, LA 71201
LACDB Member
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