7031 Commerce Cir - Office FOR SALE
Baton Rouge, LA 70809 |
7031 Commerce Cir
Baton Rouge, LA 70809
HIGHLIGHTS
- 7031 Commerce Circle is a 27,160 SF, two-story office building on a 1.8 AC lot, a 15 year NNN investment as the Republic Finance headquarters.
- Republic Finance is currently on a 15-year lease term at $31/SF, plus NNN expenses, with 2% annual escalations, for $841,960 in net operating income.
- Designed by an award-winning sustainable architect, comprised of recycled materials with efficient HVAC, lighting, elevators, and solar shading.
- Office rents in the Baton Rouge market average around $19/SF, making this one of the highest income-producing offices in the region.
- Well-connected, 10 minutes from Downtown Baton Rouge, 15 minutes from Louisiana State University, and just over an hour from New Orleans.
- Adjacent to the Towne Center at Cedar Lodge, the City Farm office park, and the brand new Louisiana Farm Bureau office.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
15 Yr Sale Lease Back NNN
PROPERTY TYPE
Office
ADD'L SUBTYPES
Loft/Creative Space, Medical
TOTAL BUILDING SIZE
27160
STORIES
2
BUILDING CLASS
A
YEAR BUILT
2009
SPRINKLERS
-
PARKING SPACES
150
LAND DETAILS
LAND ACRES
1 AC AC
LAND SF
43,560 SF
ZONING
-
APN/PARCEL ID
02455765
