Fully Leased Multi-tenant Investment Opportunity

Retail-Commercial for Sale
Also listed as Shopping Center, Office
Catylist Listing ID: 30377960
Property Subtypes: Free-Standing Building, Mixed Use
Building Size (RSF): 21,765 SF
Gross Land Area: 1.40 Acres
Sale Price: $695,000
Unit Price: $31.93 PSF
Property Use Type: Investment
Building Name: Bible World Christian Center
Sale Terms: Cash to Seller
Cap Rate: 17.7%
Last Updated: 10/14/2019

Overview / Comments

Fully leased income producing multi-tenant property with 13 tenants located on Wooddale Boulevard just south of Choctaw Drive. Property consists of ±21,765 square feet of total building area on ±1.4 acres of land.

Tenants mix includes several service type uses including churches, beauty shops, daycare, mental health office and more. Leases are mostly month to month and can be converted to long term.

Property has 100+ parking spots and great signage. Zoning is M-2 (Heavy Industrial) and property is located in Flood Zone X.

Fully leased investment opportunity
±21,765 SF multi-tenant property
±1.4 acres of land
M-2 zoning | Flood Zone X

Current NOI is approximately $123,532/year.

Attachments & Media

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 60
Tax ID/APN: 006-6162-7
Zoning: M-2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,847 107,077 235,407
Median Age: 31.76 34.19 33.96
Households: 4,852 42,602 93,019

Contact

Photograph of Listing Agent

Donato G Mucciacciaro

Stirling Properties Perkins Road Baton Rouge, LA 70808
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.