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Browse More Listings in Office For Sale, West Monroe, LA or Louisiana

Office Property For Sale

Richland Tower

2500 N. 7th Street, West Monroe, LA 71291

Price:
$3,950,000
Building Size:
56,784 SF
Price/SF:
$69.56
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Investment
Cap Rate:
11.03%
Occupancy:
87%
No. Stories:
5
Building Class:
A
Tenancy:
Multiple
Year Built:
2004
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Last Verified 10/20/2009 Listing ID 15975321

Highlights

High Quality Credit Tenants
Priced Well Below Replacement Cost
Very Few Class A Office Buildings Within This Market

Strong Leasing History

Description

Richland Tower is a 5-story, 56,784 square foot Class A bank-owned multi-tenant office building. A total of five tenants occupy 87% of the building including a national engineering company, national pharmaceutical company, regional call center, bank, and cafe operator. This building is priced well below replacement cost at $92.28 per square foot.

Located in an established business district with good traffic and across the street from city hall. Great views of the adjacent 9-hole golf course.

Financial Summary

Proforma
Net Operating Income
$432,535

Map of 2500 N. 7th Street, West Monroe, LA 71291 (Ouachita County)

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Presented by

Tri-State Properties

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Contact Listing Broker

Ryan Roark, CCIM (318) 388-0547

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Created 11/5/2008

Additional Information for 2500 N 7th Street, West Monroe, LA 71291

Active For Sale - 1 Listing
Active For Lease - 1 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 2500 N. 7th Street, West Monroe, LA 71291

Nearby Office properties for leaseSearch all commercial real estate for lease

Westgate Center
$0.67/SF/Month
1,140 SF
Richland Tower
$14.00/SF/Year
3,000 - 11,029 SF

Nearby Recently Sold Office propertiesSearch all recently sold commercial real estate

Office Building
Sold 2Q 2006

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Office Property For Sale - Richland Tower

2500 N. 7th Street, West Monroe, LA, 71291