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30072222
30072224

10604 Coursey Boulevard, Saint George, LA 70816

TT
LA LA 0995697813, MS MS 24636
Century 21 Investment Realty
AD
LA 995717278
CENTURY 21 Investment Realty Baton Rouge
Listed by Century 21 Investment Realty, CENTURY 21 Investment Realty Baton Rouge
$1,100,000
95 days on market
Updated 11 days ago

St. George Class A Office Investment

Details
APN 2485958
Property Type Special Purpose
Sub Type Other
Square Footage 5,700
Cap Rate 7.5%
NOI $82,553
Occupancy 100%
Tenancy Single
Brand/Tenant Pharmacy
Lease Type Modified
Lease Term 12
Lease Expiration 03/01/2028
Remaining Term 1.7
Lease Options 1
Price per SqFt $193
Class A
Year Built 2006
Buildings 1
Acreage 0.130
Zoning C2
Parking Spaces spaces
Investment Type Stabilized
Lease Commencement 03/01/2016
Occupancy Date 03/01/2016

St. George Class A Office Investment

Marketing description

Commercial - Saint George, LA Class A Office Investment Opportunity in St. George. Stabilized Class A office investment located along the highly desirable Coursey Boulevard corridor in St. George. This ±5,700 SF office condominium offers professional construction, strong accessibility, and proximity to major medical, retail, and business services. The property is occupied by a well established corporate tenant that has been in place since 2016, with the current lease term expiring March 15, 2028, providing dependable in place income and near term certainty. The straightforward ownership structure and limited management requirements make this asset particularly attractive to passive investors. This offering is well suited for a 1031 exchange buyer seeking predictable cash flow, strong location fundamentals, and long term capital preservation in a growing submarket.

Investment highlights

Highlights

• Class A office condominium
• Stabilized corporate tenancy
• Prime St. George location
• Ideal 1031 exchange replacement

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Listing Contacts

TT
LA LA 0995697813, MS MS 24636
Century 21 Investment Realty
AD
LA 995717278
CENTURY 21 Investment Realty Baton Rouge
Listed by Century 21 Investment Realty, CENTURY 21 Investment Realty Baton Rouge

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$82,553.00
$6,879.42/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Travis Thornton
License
LA 0995697813
Brokerage Phone
2252566795
Name
Alexis Davis
License
995717278
Brokerage
Century 21 Investment Realty
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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