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Shopping Center for Sale on Coursey Blvd. 13365 Coursey Blvd 6,000 SF 78% Leased Retail Building Baton Rouge, LA 70816 $1,099,000 ($183.17/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- The property is located in a highly trafficked, dense residential area which fully utilizes both of these tenant services.
EXECUTIVE SUMMARY
Shopping Center for sale. Two (2) tenants - Papa John's and Smart Cleaners. Smart Cleaners is a pickup and on-site cleaning facility. The cleaning facility utilizes the latest in eco-friendly equipment. The property is located in a highly trafficked, dense residential area which fully utilizes both of these tenant services.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$76,930
|
$12.82
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $76,930 |
| Annual Per SF | $12.82 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
B
Year Built
1990
Price
$1,099,000
Price Per SF
$183.17
Cap Rate
7%
NOI
$76,930
Percent Leased
78%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.55 AC
Zoning
C-1 - COMMERCIAL
Parking
22 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
100’ on Coursey Blvd
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Last remaining Suite!
| Space | Size | Space Use | Position | Available |
| B | 1,315 SF | Retail | - | Now |
B
| Size |
| 1,315 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
B
| Size | 1,315 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Last remaining Suite!
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 01028804 | Improvements Assessment | $26,631 (2024) |
| Land Assessment | $10,989 (2024) | Total Assessment | $37,620 (2024) |
PROPERTY TAXES
Parcel Number
01028804
Land Assessment
$10,989 (2024)
Improvements Assessment
$26,631 (2024)
Total Assessment
$37,620 (2024)
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Shopping Center for Sale on Coursey Blvd. | 13365 Coursey Blvd
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