Catylist ID:
#30638681
Just Reduced Pricing on Offering of A National Tenant Building
Office
for Sale
| Catylist Listing ID: | 30638681 |
| Property Subtypes: | Business Park, Executive Suites, Governmental, High-Tech, Institutional, Medical, Mixed Use, Flex Space, Net Leased, Office Building, Other |
| 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: | Undisclosed |
| Average Occupancy Rate: | 100 |
| Last Updated: | 1/15/2021 |
Overview / Comments
|
UPDATED: November 11, 2020 Price Was: $1,575,000.00 Reduced to: $1,500,000.00 A 9.2% CAP RATE AT NEW ASKING PRICE Net, Net, Net Income Annually of $138,000.00 (TOP 20 CPA FIRM IN THE UNITED STATES). Tenants pay the Real Property Taxes, Insurance, Upkeep of the grounds, Roof, Everything period. 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 $138,000.00 ( Net, Net, Net.). 36 month lease term, plus Two (5) Year Options, with increases of Ten (10%) percent each option. Building has 4 seperate bays, that are all wide open for the most part, 7 hvac systems, and has 4 seperate meters. "OPERATING EXPENSES FOR THE ENTIRE BUILDING", ALL PAID FOR BY LESSEE. LESSOR PAYS FOR NOTHING PERIOD. |
Current Tenants
| Tenant Business Name | CPA Firm |
| Is Renting? | Yes |
| Annual Revenue | $138,000 (Annual) |
| Current Rent | $11,500 PSF (Annual) |
| Options | 2 (5) year OPTIONS TO RENEW, WITH TEN PERCENT (10%) INCREASES IN RENT EACH OPTION PERIOD. |
| Tenant Notes | A True Net Lease, tenants pay for everything. |
Additional Details
| Nearest MSA: | New Orleans-Metairie |
| County: | Saint Tammany |
| Tax ID/APN: | 1121423209 |
| Zoning: | COMMERCIAL |
| Property Located Between: | U.S. Highway 190 & Green leaves boulevard |
| Property Visibility: | Good |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Roof Type: | Arched |
| Parking Type: | Surface |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Package Unit |
| Zoning Description: | commercial |
| Lot Frontage: | 100' |
| Lot Depth: | 250 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Easements: | Ingress/Egress |
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 |
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