Listed by Century 21 Investment Realty, CENTURY 21 Investment Realty Baton Rouge
$1,100,000
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
Listing Contacts
Listed by Century 21 Investment Realty, CENTURY 21 Investment Realty Baton Rouge
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Loan Amount
$0.00
Annual Debt Service
$--
$--
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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