10 Cap Office Investment - Baton Rouge

Office for Sale
Catylist Listing ID: 30442773
Property Subtypes: Business Park, High-Tech, Net Leased, Office Building
Building Size (RSF): 6,000 SF
Gross Building Area: See Agent
Sale Price: $689,000
Unit Price: $114.83 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Last Updated: 7/22/2019

Overview / Comments

Truly one of a kind office condo in Myrtle Lakes Office Park on N. Harrell's Ferry Rd. Located one block west of S. Sherwood Forest. This office condo was completely renovated and customized for Transformyx as their home office. 6,000 SF of efficient office space combining open work areas with private perimeter offices and a great patio area on the lake. The tenant is Immense Networks. They have been in the space since 2014 and recently renewed for an additional 5 years (early out after 3 - with penalty). Modified Gross lease. 10% cap rate at asking price. Could not build this for anywhere close to list price. Contact Steve at 225-907-3783 cell.

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 42
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,212 95,522 226,006
Median Age: 35.75 36.73 35.83
Households: 6,187 40,584 92,241

Contact

Photograph of Listing Agent

Steve Legendre

Stirling Properties Perkins Road Baton Rouge, LA 70808
LACDB Member
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