Office building for sale

Office for Sale
Catylist Listing ID: 30819714
Property Subtypes: Office Building
Building Size (RSF): 7,400 SF
Gross Building Area: See Agent
Sale Price: $525,000
Unit Price: $70.95 PSF
Property Use Type: Investment, Business
Class of Space: Class B
Usable Size (USF): 7,400 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Average Occupancy Rate: 57
Last Updated: 12/7/2022

Overview / Comments

This is an office building for sale that has 6 suites. 3 of the suites are currently occupied and there is advertising out for the remaining suites. This building is located on Brookline Ave which is just minutes away from both Baton Rouge interstates, Jefferson Hwy, and Old Hammond Hwy. The inside furnishings are very attractive.

Suite information:

First floor:
Suite 100
2,300 sqft
occupied- $1,900 a month

Suite 110
1,092 sqft
vacant- asking $1,092 a month

Second floor:
Suite 200
700 sqft
vacant- asking $700 a month

Suite 210
1,200 sqft
occupied- $1,198 a month

Suite 230
688 sqft
vacant- asking $688 a month

Suite 250
715 sqft
occupied- $495 a month

Current Tenants

Tenant Business Name Archer-Western Construction, LLC
Is Renting? Yes
Suite Number 100
SF of Space Occupied 2,300 SF
Current Rent $1,900 PSF (Annual)
Tenant Business Name City Wide Jani, Inc
Is Renting? Yes
Suite Number 210
SF of Space Occupied 1,200 SF
Current Rent $1,198 PSF (Annual)
Tenant Business Name Information Methods, In
Is Renting? Yes
Suite Number 250
SF of Space Occupied 715 SF
Current Rent $650 PSF (Annual)

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 61
Tax ID/APN: 030-0142-3
Property Located Between: Old Hammond and Jefferson Hwy off of Drusilla
Highway Access: Has access to both interstates within minutes
Airports: Closest airport is Baton Rouge Metro Airport
Area Description: This property is located on Brookline Ave which is all commercial property on that street
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 3,700 SF
Construction/Siding: Brick/Vinyl Siding
Exterior Description: 2 story brick building
Parking Type: Other
Parking Description: multiple parking spots in front and back of building
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Evaporative Cooler
Internet Access: Other
Interior Description: First floor has 2 suites and the remaining 4 suites are on the 2nd floor. A men's and women's bathroom on both floors.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,147 94,954 250,232
Median Age: 42.4 36.32 35.68
Households: 4,043 40,949 103,177

Contact

Photograph of Listing Agent

Lil H Lalumandier

Lalumandier & Associates Baton Rouge, LA 70809
LACDB Member
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