Barnes & Noble, Citiplace Court, Baton Rouge

Retail-Commercial for Sale
Catylist Listing ID: 30344379
Property Subtypes: Free-Standing Building
Building Size (RSF): 34,325 SF
Gross Land Area: 107,161 SF
Sale Price: $7,250,000
Unit Price: $211.22 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Barnes & Noble
Sale Terms: Cash to Seller
Cap Rate: 7.5%
Average Occupancy Rate: 100
Last Updated: 1/3/2019

Overview / Comments

The impressive Barnes & Noble building in Market Center at Citiplace represents a rare opportunity to purchase the Class A constructed building which is under lease to Barnes & Noble Booksellers, Inc. It is highly visible from Interstate 10 at the College Drive exit as part of the upscale development on Corporate Boulevard.

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 61
Taxing Authority: East Baton Rouge
Tax ID/APN: 1196553
Zoning: 70808
Retail Clientele: General
Property Located Between: I-10 & Corporate Boulevard
Property Visibility: Excellent
Largest Nearby Street: College Drive
Highway Access: College Drive
Airports: Baton Rouge Metropolitan
Site Description: The property is part of Market Center at Citiplace an upscale retail development built on Corporate Boulevard I 1996.
Area Description: Corporate Boulevard is a dynamic area of multi-purpose development in an upscale area of Baton Rouge. For decades the area has been a focus of high-end, multi-family projects, hotel, retail and restaurant development,
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 1996
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 166
Parking Type: Surface
Parking Description: Flat surface, adjacent to building.
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Modern, beautifully appointed bookstore
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Private
Legal Description: A certain tract or parcel of land designated as Tract JTS-1-B-1, Citiplace, a Planned Unit Development, Phase II / Commercial Park, formerly a portion of Cedar Lodge Plantation, located in Section 93, Township 7 South, Range 1 East, Greensburg Land District, East Baton Rouge Parish, Louisiana.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,587 96,504 232,270
Median Age: 38.07 35.57 34.1
Households: 4,344 42,386 95,777

Contact

Photograph of Listing Agent

Keiran Early

Keiran Early & Company Metairie, LA 70002
LACDB Member
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