Listed by Beau Box Commercial Real Estate Baton Rouge
$1,325,000
100% Occupied Investment For Sale - State Leased
Details
APN 6124324
Property Type Office
Sub Type Traditional Office
Square Footage 10,880
Net Rentable (SqFt) 10,511
Units 1
Cap Rate 9.08%
NOI $120,332
Occupancy 100%
Tenancy Single
Lease Type Gross
Lease Term 24
Lease Expiration 05/31/2028
Remaining Term 2
Price per SqFt $122
Class B
Year Built 2004
Year Renovated 2018
Buildings 1
Stories 1
Acreage 1.120
Zoning CM-1
Parking Spaces 51 spaces
Parking Per SqFt 4.69
Investment Type Institutional
Tenant Credit Credit Rated
Lease Commencement 06/01/2004
Occupancy Date 06/01/2004
Ground Lease No
100% Occupied Investment For Sale - State Leased Office Building
Marketing description
Introducing an investment opportunity located at 117 Production Dr in Lafayette, LA. This 10,880 SF office building, constructed in 2004, was specifically built for the State of Louisiana, Louisiana Department of Health (Medicaid Eligibility Office), who has been a long-term tenant and solidified their tenancy with a 5-year renewal in 2023. The lease is structured as a full-service gross lease, extending until 2028.
Investment highlights
10,880 SF office building
+/-1.12 acres of land
Built in 2004
CM-1 zoning
Flood Zone X
Listing Contacts
Listed by Beau Box Commercial Real Estate Baton Rouge
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120,332.00
$10,027.67/mo
Valuation Metrics
0
DSCR
9.08%
Cap Rate
9.08%
ROI
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