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1026 E Worthey St 1078 E Worthy St 46,959 SF 100% Leased Office Building Gonzales, LA 70737 $5,450,000 ($116.06/SF) 8.39% Cap Rate
EXECUTIVE SUMMARY
Located in Gonzales, the East Worthey office park consists of updated modern, professional office spaces. At 46,959 square feet, this meticulously remodeled complex has infused new life into the property, with new HVAC systems, flooring, lighting fixtures, and fresh coats of paint. The office park hosts a variety of tenants, including State offices, engineering firms, industrial offices, childcare, and medical uses. This is an excellent investment opportunity in a growing and developing market.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$268,440
|
$4.40
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $268,440 |
| Annual Per SF | $4.40 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
46,959 SF
Building Class
B
Year Built/Renovated
1950/2022
Price
$5,450,000
Price Per SF
$116.06
Cap Rate
8.39%
NOI
$457,404
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
23,480 SF
Building FAR
0.28
Lot Size
3.90 AC
Zoning
B-1 - Commercial
Parking
35 Spaces (0.75 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 20000-005 | Improvements Assessment | $24,340 |
| Land Assessment | $4,090 | Total Assessment | $28,430 |
PROPERTY TAXES
Parcel Number
20000-005
Land Assessment
$4,090
Improvements Assessment
$24,340
Total Assessment
$28,430
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1026 E Worthey St | 1078 E Worthy St
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