Listed by CBRE - Baton Rouge
$3,750,000
609 Centerville St. NE
Details
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 55,000
Net Rentable (SqFt) 55,000
Tenancy Single
Lease Type Absolute NNN
Lease Term 5
Lease Expiration 07/30/2027
Remaining Term 1
Price per SqFt $68
Year Built 2010
Buildings 1
Stories 1
Acreage 4.670
Zoning I1
Investment Type Net Lease
Lease Commencement 07/31/2022
Occupancy Date 07/31/2022
Loading Docks 4
Industrial | 55,000 SF l NNN Single-Tenant Investment I BLENDED CAP RATE 7.38%
Marketing description
Single-Tenant NNN Industrial Investment Property for Sale
55,000 SF Office Warehouse that sits on approximately 4.67 Acres
R&D Manufacturing User
Tenant is currently paying below market rent
5 year primary term with credit tenant commencing August 1, 2022
The tenant had been leasing this building since 2010
Listing Contacts
Listed by CBRE - Baton Rouge
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