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26350963
26350964

3001-3081 Government St, Baton Rouge, LA 70806

AP
LA LA 0995697184
Beau Box Commercial Real Estate
Listed by Beau Box Commercial Real Estate
$3,300,000
301 days on market
Updated 19 days ago

3001-3081 Government St//Ogeden Market Shopping Center

Details
APN 692794
Property Type Retail
Sub Type Shopping Center
Square Footage 25,929
Cap Rate 5.74%
NOI $189,559
Occupancy 87%
Pro-Forma Cap Rate 7.60%
Pro-Forma NOI $250,807
Price per SqFt $127
Year Built 1948
Year Renovated 2013
Stories 1
Acreage 1.316
Zoning C1 & CAB2
Investment Type Net Lease

Retail | Ogden Market Shopping Center | 25,929 SqFt

Marketing description

Ogden Market Shopping Center is a multi-tenant, retail center that consist of 1.316 acres improved with a retail center totaling 25,929 square feet. Ogden Market is located in the heart of Baton Rouge's Mid City between Bedford Dr. and Hearthstone Dr. fronting Government St. The center is positioned across the street from Catholic High School and surrounded by several established Baton Rouge restaurants and emerging concepts.

The center is currently 87% occupied, creating an opportunity for NOI appreciation upon leasing the vacant suite. The Pro Forma NOI is estimated to be $250,807.68 and the current NOI is $189,559.86. Tenant mix includes The Radio Bar, Simple Joe's Cafe, Time Warp Boutique, H&R Block, Advance America Cash Advance, Anytime 24 Seven Golf, & Red Stick CrossFit. Ogden Market is predominantly occupied by long term Tenants. There is currently one vacant 2,606 square foot suite being offered for lease.

Investment highlights

Ogden Market Shopping Center
C-1 & C-AB-2 Zoning
Multi-Tenant Center, currently 87% Occupied
Located in the heart of Baton Rouge's Mid City


Listing Contacts

AP
LA LA 0995697184
Beau Box Commercial Real Estate
Listed by Beau Box Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$189,559.00
$15,796.58/mo

Valuation Metrics

0
DSCR
5.74%
Cap Rate
5.74%
ROI

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Additional Information

Name
Ashlyn Plaisance
License
LA 0995697184
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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