5431 Essen Ln - Apartments FOR SALE


Baton Rouge, LA 70809- Airline/Jefferson
$23,495,000 USD
917-204-2682
5431 Essen Ln, Baton Rouge, LA for Sale
$23,495,000 USD
Apartments - FOR SALE
1/50
null | 7.23% Cap Rate

5431 Essen Ln
Baton Rouge, LA 70809
Airline/Jefferson


OVERVIEW

A garden-style apartment complex consisting of 18 walk-up buildings that contain a total of 173 apartments and320 parking spaces. Cobblestone at Essen makes it easy to love your location. Our corner near Westminster has everything you need and more. There’s a plethora of shopping, dining, and entertainment options within reach at Cobblestone at Essen, including the Mall of Baton Rouge. The property is just a few minute walk around the corner from Albertsons and less than a 10-minute drive from Rouses Market and Walmart Supercenter. You’ll be close to school or work at several nearby organizations like Baton Rouge Community College, Louisiana State University, or Ochsner Medical Complex.

FOR SALE DETAILS

PRICE

$23,495,000 USD

PRICE/SF

$121 USD /SF

# OF UNITS

172

PRICE/UNIT

$136,599

CAP RATE

7.23%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cobblestone at Essen

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

320

LAND DETAILS

LAND ACRES

9.18 AC

LAND SF

399,881 SF

ZONING

-

APN/PARCEL ID

01851578

ASK ABOUT THIS PROPERTY

Mike KerwinRosewood Realty GroupMore Info
917-204-2682

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Mike KerwinRosewood Realty GroupMore Info
917-204-2682

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