1201 3rd St - Office FOR SALE


Alexandria, LA 71301
$3,200,000 USD
318-955-0078
1201 3rd St, Alexandria, LA for Sale
$3,200,000 USD
Office - FOR SALE
1/25
null | 10.1% Cap Rate

1201 3rd St
Alexandria, LA 71301


HIGHLIGHTS

  • Great Investment Opportunity!

OVERVIEW

10% CAP RATE *** OPPORTUNITY ZONE *** FULLY LEASED *** Discover a rare opportunity to acquire a fully leased, beautifully renovated Class A multi-tenant office building located in the heart of Historic Downtown Alexandria. This location qualifies for Opportunity Zone tax incentives, further enhancing the investment potential. The property offers more than 26,000 square feet on over one acre of land and is being offered for $3,200,000, delivering an attractive 10% cap rate with a current NOI of $323,044. The building features modern office space throughout, including welcoming reception areas, private offices, large open cubicle areas, boardrooms, breakrooms with upgraded kitchens, and a dedicated training room with media capabilities. Cubicles and select furnishings can remain with the property at closing, making it an excellent turnkey investment or future headquarters opportunity. Occupants benefit from high-speed fiber connectivity and a secure key-fob access system that allows private entry into individual leased suites. There are 5,003 usable square feet (5,600 rentable square feet) that are currently leased; however, this space can be made available if needed for an owner-occupant. Whether you are an investor seeking a strong income-producing asset or a business owner planning for future occupancy, this property offers exceptional flexibility and long-term value.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$120 USD /SF

CAP RATE

10.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

71

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,045 SF

ZONING

C-2

APN/PARCEL ID

24-007-00180-0028,24-007-00180-0029,24-007-00180-0030

ASK ABOUT THIS PROPERTY

Thaddyeus DixonNAI Latter & BlumMore Info
318-955-0078

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Thaddyeus DixonNAI Latter & BlumMore Info
318-955-0078

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.