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6160 Perkins Road - Quail Oaks Atrium, Baton Rouge, LA

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6160 Perkins Road - Quail Oaks Atrium

Baton Rouge, LA 70808 - Greater Baton Rouge S Submarket

(352.0 KB)

Property Type:Office Sub Type:- Status:Existing , Renov 2017 Year Built:1980
Stories:2 Typical Floor:10,580 SF Building Size:21,160 SF
For Sale Price:$2,475,000 Price/SF:$116.97
Cap Rate:7.88 %
Parking:65 Surface spaces are available; Free Covered spaces are available; Ratio of 3.64/1,000 SF Amenities:Atrium, Bus Line

Multi-tenant office building investment for sale in Baton Rouge, Louisiana. Quail Oaks Atrium is located on Perkins Road mid-way between College Drive and Essen Lane. The Property is a 21,160 sq. ft. +/- "Class B" office building situated in a prime retail, medical and office corridor in Baton Rouge. Historical occupancy maintained between 93% - 100%.

Quail Oaks Atrium recently received interior and exterior capital expenditure improvements including beautification of exterior facade, upgraded and well-maintained HVAC units, large fan installed in atrium and enhanced landscaping. The exterior is freshly painted and pressure washed, exterior and interior windows cleaned and various office suites renovated with new carpet and paint.

In a office market corridor boasting $16-20/SF lease rates, the Property consists of below market lease rates and is well-positioned for a new owner to increase future lease rates as current leases expire. The replacement value of comparable office buildings in this corridor is $185-200/SF.

SVN | Graham, Langlois & Legendre, LLC
Justin Langlois
(225) 367-1515 x104

Justin Langlois
(225) 367-1515 x104

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