Investment Property For Sale

Expired Office for Sale
Catylist Listing ID: 30048156
Property Subtypes: Office Building
Building Size (RSF): 119,945 SF
Gross Building Area: 128,328 SF
Sale Price: $15,000,000 - 20,000,000
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Auction Type: Undisclosed Reserve
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Expired On: 10/8/2017
Last Updated: 10/8/2017

Overview / Comments

3854 American Way is a single story, Class B office building measuring approximately 119,945 rentable square feet (128,328 gross SF). The property is currently 100% leased with three tenants and provides an opportunity for increasing revenue with the future expansion of one tenant.

The property was originally constructed in 1981 and in 2016 underwent a full interior renovation for two tenants. Additionally, several upgrades were made to the exterior and building mechanical in the same year.

The property offers a high parking ratio and open floor plan, which is highly desirable in the market. Several amenities are located nearby and the location provides easy access to Interstate 12, Interstate 10, and Airline Highway.

A confidentiality agreement will be required prior to releasing financial information. Contact Branon Pesnell at 225-237-3351 or bpesnell@beaubox.com

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 43
Tax ID/APN: 36528
Property Located Between: South Sherwood Forest Blvd. and Coursey Blvd.
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1981
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Concrete
Parking Type: Surface
Total Parking Spaces: 588
Sprinklers: Wet

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,340 90,272 215,510
Median Age: 35.67 37.2 35.79
Households: 8,571 39,011 88,347

Contact

Photograph of Listing Agent

Branon W Pesnell

Beau Box Commercial Real Estate Baton Rouge, LA 70808
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