Income Producing Commercial Office Building
Office
for Sale
| Catylist Listing ID: |
30639120 |
| Property Subtypes: |
Governmental, Medical, Office Building
|
| Building Size (RSF): |
5,520 SF
|
| Gross Land Area: |
0.95 - 0.99 Acres
|
| Sale Price: |
$285,000 |
| Unit Price: |
$51.63 PSF |
| Ceiling: |
8 ft. |
| Property Use Type: |
Net Leased Investment (NNN) |
| Class of Space: |
Class B |
| Usable Size (USF): |
5,520 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
14.4% |
| Last Updated: |
10/13/2021 |
Overview / Comments
|
Investment Opportunity! Income producing property! Current lease in affect until March 2021. This building has been well maintained, New Roof, New AC. 16 Offices, 2 Conference rooms, Kitchen, 4 Restrooms, reception, lobby, and filing/storage rooms. Plenty of onsite parking in front and back of building. Call today to schedule your appointment to view.
|
Financials
| Finance Data Year |
2020 |
| Real Estate Taxes - Annual($) |
$5,070 (Annual) |
| Gross Operating Income |
$53,706 (Annual) |
| Net Operating Income |
$42,909 (Annual) |
| Actual or Proforma Year |
Actual |
Additional Details
| Nearest MSA: |
Lafayette |
| County: |
Iberia |
| Taxing Authority: |
Iberia Parish |
| Tax ID/APN: |
0502982511 |
| Zoning: |
COMMERCIAL |
| Property Located Between: |
Jefferson Island Road and Anderson St. |
| Property Visibility: |
Excellent |
| Highway Access: |
Located on Admiral Doyle Drive (Hwy 674) and 3 miles from Hwy 90 |
| Airports: |
Acadiana Regional Airport - 3 Miles |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Roof Type: |
Hip |
| Construction/Siding: |
Brick |
| Parking Ratio: |
5 (per 1000 SF) |
| Parking Type: |
Surface |
| Total Parking Spaces: |
25 |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Owned |
| Legal Description: |
LOCATED IN SEC 14 T 12 S,R 6 E |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,577 |
35,073 |
45,860 |
| Median Age: |
31.67 |
35.3 |
35.76 |
| Households: |
3,356 |
13,167 |
17,009 |
|
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|
