56 Starbrush Cir - Medical FOR SALE


Covington, LA 70433
$1,199,000 USD
504-782-9373
56 Starbrush Cir, Covington, LA for Sale
$1,199,000 USD
Medical - FOR SALE
1/16
null | 9.49% Cap Rate

56 Starbrush Cir
Covington, LA 70433


OVERVIEW

Medical office with 2 additional lots next door available as well. The owner has decided to sell the lots separately which is why the price was lowered. The medical tenant has a NNN lease generating $9,526 in monthly income. The main building has 4,064 SF. The medical building is priced with a 7% cap rate on it. The current lease runs through July 31, 2028 with a 2% annual increase and an auto renewal for 12 months. The lots are 50 Starbrush Circle (Lot 123) and 60 Starbrush Circle (Lot 121). The two lots are adjacent and have 25,869 SF and 31,861 SF of buildable area.

FOR SALE DETAILS

PRICE

$1,199,000 USD

PRICE/SF

$537 USD /SF

CAP RATE

9.49%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,389 SF

ZONING

Commercial

APN/PARCEL ID

1903

ASK ABOUT THIS PROPERTY

Ron PatronColdwell Banker CommercialMore Info
504-782-9373

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Ron PatronColdwell Banker CommercialMore Info
504-782-9373

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