Catylist ID:
#30835966
Live Oak Center For Sale - Baton Rouge Retail Center
Retail-Commercial
for Sale
| Catylist Listing ID: | 30835966 |
| Property Subtypes: | Free-Standing Building |
| Building Size (RSF): | 19,152 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 1.31 Acres |
| Sale Price: | $1 |
| Unit Price: | $0 PSF |
| Property Use Type: | Net Leased Investment (NNN) |
| Building Name: | C-1 |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 3/20/2023 |
Overview / Comments
|
NAI Global, in conjunction with NAI Latter & Blum, is pleased to exclusively present the opportunity to acquire Live Oak Center, located in Baton Rouge, LA (the “Property”, “Center”, or “Building”), approximately 2.5 miles east of downtown Baton Rouge. The Property is a multi-tenant, retail strip center that was built in 2001 and consists of a ±1.308-acre parcel improved with a retail Building totaling 19,152 square feet, which are approximately 80% occupied. The Property is situated on Florida Blvd. and benefits from excellent visibility to approximately 26,200 vehicles per day. Florida Blvd. is a main artery in the submarket and connects directly with Interstate 110 approximately two mile west of the Property. The Property is 79.1% occupied by five tenants and anchored by BR Mattress Co. (5,000 SF, 26.1% of GLA) and Rent-A- Center (4,000 SF, 20.9% of GLA). Other tenants include a barbershop, a beauty supply store, and a laundromat. There are currently two vacancies, one 3,000 SF suite and a 1,000 SF suite. Please use the below link to sign the confidentiality agreement and access due diligence. https://www.crexi.com/properties/1048495/louisiana-live-oak-center |
Attachments & Media
Additional Details
| Nearest MSA: | Baton Rouge |
| County: | East Baton Rouge |
| Submarket/Township: | 60 |
| Tax ID/APN: | 016-1297-2 |
| Zoning: | C-1 |
| Property Visibility: | Excellent |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 1 |
| Year Built: | 2001 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 16,620 | 101,339 | 209,065 |
| Median Age: | 34.88 | 33.27 | 33.72 |
| Households: | 7,217 | 41,165 | 84,811 |
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