Freestanding Income Producing Office Building For Sale

Office for Sale
Catylist Listing ID: 30329244
Property Subtypes: Business Park, Medical, Office Building
Building Size (RSF): 8,855 SF
Gross Land Area: 22,100 SF
Sale Price: $89 PSF
Total Price: $788,095
Property Use Type: Investment, Vacant/Owner-User
Building Name: Corner Square Building
Class of Space: Class B
Usable Size (USF): 7,940 SF
Core Factor: 10%
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/15/2018

Overview / Comments

This building is a 2-story freestanding building totaling 8,855 SF. It is located at the corner of Colonial Drive and Chevelle Drive. The 1st floor is comprised of 3,690 SF which is currently leased to Merakey. The 2nd floor is approximately 5,100 SF and available for occupancy today. The upstairs is set up with a mixture of perimeter private offices, a lunch room, conference room, IT room and open space currently housing 12 cubicles.

This building would be a great opportunity for either an Owner/User or Investor looking to purchase a freestanding building with close proximity to amenities and major highways.

Attachments & Media

Current Tenants

Tenant Business Name Merakey
Industry Type Health Care and Social Assistance
Is Renting? Yes
Suite Number 1st Flr
SF of Space Occupied 3,690 SF
Current Rent $3,138 PSF (Annual)
Lease Expiration 4/0030
Tenant Business Name Merakey
Industry Type Health Care and Social Assistance
Is Renting? Yes
Suite Number 1st Flr
SF of Space Occupied 3,690 SF
Current Rent $3,138 PSF (Annual)
Lease Expiration 4/0030

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 60
Tax ID/APN: 687987
Zoning: B-1, TRANSITIONAL
Property Located Between: Goodwood Blvd. and Airline Highway
Property Visibility: Excellent
Highway Access: Easy access to Goodwood Blvd., Airline Highway, Florida Blvd. and I-12.
Airports: Baton Rouge
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 4,000 SF
Year Built: 1979
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,082 99,372 250,174
Median Age: 43.59 35.95 34.44
Households: 3,980 41,885 101,796

Contact

Photograph of Listing Agent

Scott R Macdonald

Stirling Properties Baton Rouge Baton Rouge, LA 70809
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.