250 Holt St - Office FOR SALE


Bastrop, LA 71220
$395,000 USD
318-261-0892
250 Holt St, Bastrop, LA for Sale
$395,000 USD
Office - FOR SALE
1/22
null | 10.01% Cap Rate

250 Holt St
Bastrop, LA 71220


HIGHLIGHTS

  • 10% CAP Rate
  • Very-well maintained property
  • New Roof 2018
  • Long-standing tenant

OVERVIEW

Rare Investor Opportunity! Income-Producing Property offering 10% CAP Rate! Total Yearly Income: $72,000. Total Yearly Expenses: $32,470. Net Operating Income: $39,530. 250 Holt Street is a 5,217 SF building on .88 AC in Bastrop, LA. The building is very-well maintained and received a new roof, carpet and paint in 2018. Tenant: Louisiana State Office/Louisiana Workforce Commission. Tenant has occupied this location for more than 20 years per multiple 5-Year terms. Current Owner has enjoyed this Full-Service Lease since 2017. Current Tenant Lease term: October 1, 2022 to September 30, 2027. Showings by appointment only. Restricted days/times. Listing agent to accompany.

FOR SALE DETAILS

PRICE

$395,000 USD

PRICE/SF

$76 USD /SF

CAP RATE

10.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Income Producing/10% CAP RATE

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,689 SF

ZONING

CC-2

APN/PARCEL ID

920001341

ASK ABOUT THIS PROPERTY

Jennifer CauseyJohn Rea RealtyMore Info
318-261-0892

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Jennifer CauseyJohn Rea RealtyMore Info
318-261-0892

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