Karl Landreneau, CCIM

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Fully Leased Office Investment

13000 Justice Ave

Baton Rouge, Louisiana 70816

Listing Type:: For Sale

Listing Price:: $250,000.00

Property Type:: Office

Year Built:

Building Size:: 3000.00 SqFt

Photos
Map View

Description:

This space consists of three 1,000+- office condo units in a small, quiet office condo development in the back of the Justice/Bricksome office park off of Sherwood Forest Boulevard, with very easy access to I-12. Presently, this space is configured as TWO units, with one consisting of a 2,000 sf space and the other consisting of 1,000 sf. These two spaces are leased separately, but are connected by a door. All three units could be occupied as one space (as it has previously been occupied) providing more options for the owner/user in the future. The two tenants have each been in their respective space for over 5 years.
The larger space, occupied by GES, Inc, is in their second term, which runs through August, 2021. The other tenant's lease expires in September 2020, but has not expressed any desire to move. A buyer could either occupy the smaller space once the lease expires, or continue with the existing tenant.
Combined, these tenants are paying $2,300/mo ($26,400 annually). Landlord currently pays property taxes of $840/unit/year and condo dues of $155/unit/month, which include dumpster, exterior/roof maintenance/structural maintenance and exterior insurance.
Contact agent for more information - PLEASE DO NOT CONTACT TENANTS!

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