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117 Hall St
Monroe, LA 71201
Office Property For Sale
Investment Highlights
- Three additional plots used by the Children for experiments like planting etc
- Located in Downtown business district
- Secure location with enclosed parking
Executive Summary
completely remodeled from ground up in 2019. Currently in 2nd 5 year lease at $9,750 per month for 10,000 square feet buildiing. 2 story... New 5 year tax abatement thru Louisiana Economic Development. Leased to Children's Coalition. Very well funded and well run
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Building Size
12,000 SF
Building Class
B
Year Built/Renovated
1925/2017
Price
$1,200,000
Price Per SF
$100
Cap Rate
9.75%
NOI
$116,956
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,181 SF
Building FAR
1.72
Lot Size
0.16 AC
Zoning
C-2 - Commercial
Parking
26 Spaces (2.17 Spaces per 1,000 SF Leased)
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