Multi Story Office Investment Opportunity

Office for Sale
Catylist Listing ID: 30786487
Property Subtypes: Executive Suites, Coworking, Governmental, High-Tech, Institutional, Medical, Mixed Use, Office Building, Research & Development
Building Size (RSF): 76,584 SF
Gross Building Area: 84,727 SF
Gross Land Area: 3.13 Acres
Sale Price: $5,550,000
Unit Price: $72.47 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Sherwood Tower I
Class of Space: Class B
Usable Size (USF): 66,376 SF
Core Factor: 14.10%
Sale Terms: Cash to Seller
Average Occupancy Rate: 65
Last Updated: 1/31/2023

Overview / Comments

Sherwood Tower I - a six-story atrium office building - is an excellent opportunity for an Owner Occupant and/or Investor! Extensive Lobby and Common Area improvements have were completed in Fall 2021. Two Elevators - Glass enclosed - providing full interior lobby views, while encompassing much natural lighting from the Atrium roof. 262 designated parking spaces, including 6 handicap spaces.

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 43
Tax ID/APN: 036-1232-5
Property Located Between: Interstate 12 & Coursey Boulevard
Property Visibility: Excellent
Number of Stories: 6
Typical SF / Floor: 13,000 SF
Year Built: 1980
Parking Type: Surface
Passenger Elevators: 2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,380 94,165 212,831
Median Age: 35.22 37.07 35.86
Households: 7,149 40,475 87,449


Photograph of Listing Agent

Ruth Whitaker

Land Hawk Commercial Real Estate, LLC Baton Rouge, LA 70884
LACDB Member
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