Fully Occupied 4-Suite Office Building

Office for Sale
Catylist Listing ID: 30869473
Property Subtypes: Business Park, Executive Suites, Coworking, Governmental, High-Tech, Medical, Mixed Use, Flex Space, Office Building, Other
Building Size (RSF): 2,500 SF
Gross Land Area: 0.06 Acres
Sale Price: $312,000
Unit Price: $124.80 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/1/2024

Overview / Comments

Calling all investors!
Now is your opportunity to own a well-maintained, fully-leased commercial office building centrally located in Monroe's Business District.

2,500 SF condominium building divided into 4 spacious suites each with multiple offices and private restroom.

1400 SF of Concrete Paving.

Gross Income: $35,785.12; NOI (including property taxes and building insurance): $26,143.34.

Please do not disturb tenants.
Restricted days/hours to show.

Additional Details

Nearest MSA: Monroe
County: Ouachita
Taxing Authority: Ouachita Parish
Tax ID/APN: 56261
Zoning: B-2
Property Located Between: Avenue of America and Forsythe Avenue
Property Visibility: Excellent
Highway Access: Hwy 80/Hwy 165
Airports: Monroe Regional Airport - 14 min (6.0 mi) via Louisville Ave and US-80 E/Desiard Street
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,500 SF
Year Built: 1981
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Total Parking Spaces: 15
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL, Satellite, T1/T3, Fiber Optic
Lot Frontage: 62
Lot Depth: 42
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Ingress/Egress, Utilities
Easements Description: Typical
Land Ownership: Owned
Legal Description: UNIT 9 MILLSTREAM PARK, AN OFFICE CONDOMINIUM

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,765 47,999 92,903
Median Age: 40.46 35.31 34.21
Households: 5,116 19,867 36,803

Contact

Photograph of Listing Agent

Jennifer Causey

John Rea Realty Monroe, LA 71201
LACDB Member
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