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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
20523159
20523160

1800 Ryan Street, Lake Charles, LA 70601

MH
LA 0000034059
Mary Kay Hopkins, LLC
Listed by Mary Kay Hopkins, LLC
$1,400,000
585 days on market
Updated 23 days ago

1800 Ryan Street

Details
APN 01062484
Property Type Business for Sale, Office (+2)
Sub Type Business Only, Traditional Office (+9)
Square Footage 15,841
Net Rentable (SqFt) 13,875
Units 6
Cap Rate 5.75%
NOI $80,514
Occupancy 84%
Tenancy Multi
Lease Type Modified
Rent Bumps Yes
Lease Options Lease terms vary from 1-3 years
Broker Co-Op Yes
Class B
Year Built 1980
Year Renovated 2020
Buildings 1
Stories 1
Acreage 1.263
Zoning Business
Parking Spaces 65 spaces
Parking Per SqFt 4.10
Investment Type Owner/User
Occupancy Date 10/29/2024
Ground Lease No

Centrally Located Multi-Tenant Building Near Downtown & Medical

Marketing description

Seize the opportunity to secure prime commercial office space at 1800 Ryan Street--a 13,875 square-foot, multi-suite building strategically located between I-10 and I-210. Perfectly positioned in the heart of Lake Charles, this property is close to city and parish government offices, the financial district, shopping, restaurants, the downtown development zone, and the Christus Ochsner Hospital and medical community. The building boasts six suites, five of which are already leased, making this a highly desirable investment in a bustling, high-traffic area. Constructed with durable brick and stucco, the property holds a prominent corner presence at the intersection of Ryan Street and 10th Street. Available Suite: Suite 106 is currently available, offering 3,411 square feet of flexible space. This suite includes a welcoming waiting area, a private reception area with a service counter, and multiple executive or staff offices. There are additional spaces ideal for training, team collaboration, or bullpen setups. Some suites, as indicated on the attached floorplan, feature sinks--providing an option for a medical office or clinic. This unit presents an opportunity for an business owner-investor. Don't need all 3,411 SqFt? The floorplan offers the ability to lease individual offices for additional revenue, all depending on your business needs. There are 65 parking spaces, recently re-striped. Two are covered. A comprehensive brochure is available as an attachment. Roof replaced in 2020. At that time, a slight pitch was added.
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Listing Contacts

MH
LA 0000034059
Mary Kay Hopkins, LLC
Listed by Mary Kay Hopkins, LLC

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$80,514.00
$6,709.50/mo

Valuation Metrics

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DSCR
5.75%
Cap Rate
5.75%
ROI

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