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: $299,000
Unit Price: $54.17 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: 9/22/2020

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
Tax ID/APN: 0502982511
Zoning: COMMERCIAL
Property Located Between: Jefferson Island Road and Anderson St.
Property Visibility: Excellent
Highway Access: Located on 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

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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

Contact

Photograph of Listing Agent

Rebekah McGee

McGee Scott Realty New Iberia, LA 70560
LACDB Member
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