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2017 Bular St 5,387 SF Office Building Ruston, LA 71270 $1,200,000 ($222.76/SF) 7% Cap Rate



Executive Summary
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$120,000
|
$22.28
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$120,000
|
$22.28
|
| Taxes |
$9,037
|
$1.68
|
| Operating Expenses |
$24,141
|
$4.48
|
| Total Expenses |
$33,178
|
$6.16
|
| Net Operating Income |
$86,822
|
$16.12
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $22.28 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $120,000 |
| Annual Per SF | $22.28 |
| Taxes | |
|---|---|
| Annual | $9,037 |
| Annual Per SF | $1.68 |
| Operating Expenses | |
|---|---|
| Annual | $24,141 |
| Annual Per SF | $4.48 |
| Total Expenses | |
|---|---|
| Annual | $33,178 |
| Annual Per SF | $6.16 |
| Net Operating Income | |
|---|---|
| Annual | $86,822 |
| Annual Per SF | $16.12 |
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Public Administration
- 5,300 SF
- $22.64
- Full Service
- Jun 2036
The Social Security Administration (SSA) is an independent U.S. federal agency headquartered in the Woodlawn area of Baltimore, Maryland. Created in 1935 as part of the New Deal, it administers the nation’s primary social insurance programs, including retirement, survivors, and disability benefits under the Social Security Act, as well as Supplemental Security Income for qualifying aged, blind, and disabled individuals. From its central office complex, SSA oversees national policy, program administration, budget management, and regulatory compliance while coordinating with a nationwide network of field offices, teleservice centers, and processing centers. The headquarters does not typically process individual claims, as local offices handle most public services. SSA operates one of the largest federal programs supporting financial security for millions of Americans.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Public Administration | 5,300 SF | $22.64 | Full Service | Jun 2036 |
Property Taxes
| Parcel Number | 31263 | Total Assessment | $145,653 (2024) |
| Land Assessment | $48,263 (2024) | Annual Taxes | $9,037 ($1.68/SF) |
| Improvements Assessment | $97,390 (2024) | Tax Year | 2022 |
Property Taxes
Presented by
Holland Real Estate Group
2017 Bular St
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