6868 Florida Blvd. , Baton Rouge, LA
Office for Sale - $850,000 - 25,000 Sq. Ft. on 1.25 acres


Property Info
CIMLS# | 925672 |
Location 6868 Florida Blvd. Baton Rouge LA 70806 | |
Updated | July 1st, 2017 |
Type | Office |
Price | $850,000 |
Building | 25,000 Sq. Ft. |
Land | 1.25 acres |
Property Description
SVN | GLL presents this multi-tenant, retail / office, mixed use investment opportunity in Mid City. The Subject Property is located on Florida Blvd. across the street from newly proposed medical / urgent care clinic. The property consists of first-floor retail space and second-floor office space.
The strong tenant mix is led by The Hertz Corporation, a subsidiary of Hertz Global Holdings Inc (Ticker Symbol: HRI). Hertz is an American car rental company with international locations in 150 countries worldwide. Hertz is the largest U.S. car rental company by sales. Armstrong-McCall Beauty Supply is also a strong tenant located adjacent to Hertz. Armstrong McCall offers full-service distribution to licensed professionals in the salon and spa industry and has locations throughout the United States.
The property boasts long-term tenancy with stabilized occupancy. The property has seen significant cosmetic renovations as well as the addition of new central HVAC units. Seller will entertain owner financing subject to satisfactory review of borrower's financials.
Location Description:
Mid City location in Baton Rouge, Louisiana. The property is situated on the corner of Florida Blvd. and Kenwood Ave. between Foster and Lobdell, situated across the street from a newly proposed medical complex.
Highlights:
>> Multi-Tenant Mixed Use Investment Property
>> Recently Renovated / NEW Central HVAC Throughout
>> Third Floor Storage Would Make Desirable Art Studio Conversion
>> 150 Feet of Frontage on Florida Blvd / Adjacent to Family Dollar
>> Long Term Tenancy / Stabilized Occupancy
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Financials
Sales Info:
>> Commision split: 3.0%