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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 is a U.S. federal agency that began in 1935 as the Social Security Board under the Social Security Act and later adopted its current name in 1946. The agency administers retirement, disability, survivors, family, and Medicare-related services, and also supports Social Security number, card, and benefit-verification functions. SSA serves the public through online self-service tools such as my Social Security, a national toll-free number, and field-office support. The agency also runs work-support programs for disability beneficiaries, including Ticket to Work, which helps participants explore employment and maintain work-related supports.
| 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 | $145,654 (2025) |
| Land Assessment | $48,263 (2025) | Annual Taxes | $9,037 ($1.68/SF) |
| Improvements Assessment | $97,391 (2025) | Tax Year | 2022 |
Property Taxes
Presented by
Holland Real Estate Group
2017 Bular St
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