Listed by Saurage Rotenberg Commercial Real Estate
$350,000
Office/Warehouse on Choctaw Dr.
Details
Property Type Industrial
Sub Type Distribution, Flex
Square Footage 7,810
Units 1
Cap Rate 8.09%
NOI $28,315
Tenancy Single
Lease Type NNN
Price per SqFt $45
Class C
Year Built 2000
Buildings 1
Stories 1
Acreage 33.000
Zoning M1
Parking Spaces spaces
Occupancy Date 08/08/2024
Investment Warehouse For Sale
Marketing description
±7,810 SF Office/Warehouse for Lease on Choctaw Dr. and the Choctaw Industrial Corridor spanning from Downtown Baton Rouge to Central Thruway.
• Solid Masonry Construction
• 1 Grade Level Roll Up Door
• 2,000 SF Office Space
• Located on the corner of Choctaw Dr and Michelli Dr.
• Lot measures 45' x 205' (approx. .33 Acres)
• 45' Frontage on Choctaw Dr.
• 205' Frontage on Michelli Dr.
• Near the highly trafficked Greenwell Springs Rd. / Choctaw Dr. intersection with ±13,256/cars per day
• Easy Access to Airline Hwy. and Greenwell Springs Rd.
• Zoned M-1
• Property Tax: $958.80/yr. ($79.90/mo. or $0.12 PSF/yr.)
• Property Insurance: $5,700/yr. ($475/mo. or $0.93 PSF/yr.)
Listing Contacts
Listed by Saurage Rotenberg Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$28,315.00
$2,359.58/mo
Valuation Metrics
0
DSCR
8.09%
Cap Rate
8.09%
ROI
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