3001 Government Street, Baton Rouge, LA
Shopping Center for Sale - $2,875,000 - 25,596 Sq. Ft. on 49299.44 acres
Property Info
| CIMLS# | 745709 |
| Location 3001 Government Street Baton Rouge LA 70806 | |
| Updated | January 27th, 2015 |
| Type | Shopping Center |
| Price | $2,875,000 |
| Building | 25,596 Sq. Ft. |
| Land | 49299.44 acres |
Property Description
Newly renovated Ogden Market Shopping Center available for sale. Long term tenancy, 92% occupied with average and below market rents. Some of the current tenants include Radio Bar, H&R Block and Advance America. Financials available upon request with signed confidentiality agreement.
Location Description:
On Government Street between Ogden Drive and Hearthstone Drive. Located on "going to work" side of the road in Mid City.
Highlights:
>> Excellent tenant mix including local business owners and national/corporate leases
>> New parking lot and landscaping
>> Renovated brick and stucco facade
>> Part of Mid City Model Block Initiative
>> Improved pedestrian and bicycle access
* Email for additional photos
** This property also has spaces available for lease.
Financials
Sales Info:
>> Cap rate: 8.56%
>> Commision split: 2.0%
>> NOI: $246143