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

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Executive Summary

Social Security Office with new lease

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

Sale Type
Investment
Property Type
Office
Building Size
5,387 SF
Building Class
B
Year Built
2006
Price
$1,200,000
Price Per SF
$222.76
Cap Rate
7%
NOI
$84,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,387 SF
Building FAR
0.12
Lot Size
1.05 AC
Zoning
Commercial - Commercial
Parking
17 Spaces (3.16 Spaces per 1,000 SF Leased)

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

Property Taxes

Parcel Number
31263
Land Assessment
$48,263 (2024)
Improvements Assessment
$97,390 (2024)
Total Assessment
$145,653 (2024)
Annual Taxes
$9,037 ($1.68/SF)
Tax Year
2022
  • Listing ID: 28795725

  • Date on Market: 6/19/2023

  • Last Updated:

  • Address: 2017 Bular St, Ruston, LA 71270

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