2105 Justice St - Serviced Offices FOR SALE


Monroe, LA 71201
$299,000 USD
318-388-0941
2105 Justice St, Monroe, LA for Sale
$299,000 USD
Serviced Offices - FOR SALE
1/11
null | 3.67% Cap Rate

2105 Justice St
Monroe, LA 71201


HIGHLIGHTS

  • Located in Forsythe Business Park
  • 2 Units occupied with 3 available

OVERVIEW

5-Unit Office Investment | Forsythe Business Park | Monroe, LA Acquire a stabilizing multi-tenant office asset in Monroe's established Forsythe Business Park. Five individually metered office suites — each ±537 SF — deliver functional, right-sized layouts for a broad tenant base including professional services, medical/health, personal services, and boutique retail. Current Income & Occupancy Unit Status Monthly Income Unit A Vacant – Available$800/mo Unit B Vacant – Available$800/mo Unit C Leased $800/mo Unit D Leased $625/mo Unit E Leased $625/mo Total Current Income$2,050/mo ($24,600/yr)Pro Forma (Stabilized)$3,650/mo ($43,800/yr) Investment Highlights Immediate upside — 2 vacant units ready for lease at $800/mo each; full stabilization adds $1,600/mo in gross income Proven rent basis — in-place leases at D/E validate the submarket and unit economics Flexible suite design — each unit includes two private offices, reception/lobby, and private restroom; ideal for attorneys, insurance agents, therapists, staffing firms, and similar users Unit B specialty value — previously operated as a salon with an oversized water heater; well-suited for personal service tenants seeking turnkey infrastructure Owner-user potential — occupy one or more units while collecting income from leased suites Strong corridor visibility — Forsythe Business Park is an established, high-traffic commercial destination with strong accessibility and co-tenancy Property Summary Building Type: Multi-Tenant Office Total Units: 5 Avg. Suite Size: ±537 SF Suite Configuration: 2 private offices + reception + restroom (each unit) Current Occupancy: 60% (3 of 5 units income-producing) Current NOI Basis: $2,050/mo gross Stabilized Gross Income: $3,650/mo Market: Monroe, LA – Forsythe Business Park

FOR SALE DETAILS

PRICE

$299,000 USD

PRICE/SF

$73 USD /SF

CAP RATE

3.67%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Justice Street Office Suites

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Serviced Offices

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

B-2

APN/PARCEL ID

59379

ASK ABOUT THIS PROPERTY

Mark PhelpsJohn Rea RealtyMore Info
318-388-0941

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Mark PhelpsJohn Rea RealtyMore Info
318-388-0941

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