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3001-3081 Government St 24,610 SF 89% Leased Retail Building Baton Rouge, LA 70806 $3,300,000 ($134.09/SF) 7.60% Cap Rate
Investment Highlights
- Ogden Market Shopping Center
- Multi-Tenant Center, currently 87% Occupied
- C-1 & C-AB-2 Zoning
Executive Summary
Ogden Market Shopping Center is a multi-tenant, retail center that consist of 1.316 acres
improved with a retail center totaling 25,929 square feet. Ogden Market is located in the heart of
Baton Rouge's Mid City between Bedford Dr. and Hearthstone Dr. fronting Government St. The
center is positioned across the street from Catholic High School and surrounded by several
established Baton Rouge restaurants and emerging concepts.
The center is currently 87% occupied, creating an opportunity for NOI appreciation upon leasing
the vacant suite. The Pro Forma NOI is estimated to be $250,807.68 and the current NOI is
$189,559.86. Tenant mix includes The Radio Bar, Simple Joe's Cafe, Time Warp Boutique, H&R
Block, Advance America Cash Advance, Anytime 24 Seven Golf, & Red Stick CrossFit. Ogden
Market is predominantly occupied by long term Tenants. There is currently one vacant 2,606
square foot suite being offered for lease.
improved with a retail center totaling 25,929 square feet. Ogden Market is located in the heart of
Baton Rouge's Mid City between Bedford Dr. and Hearthstone Dr. fronting Government St. The
center is positioned across the street from Catholic High School and surrounded by several
established Baton Rouge restaurants and emerging concepts.
The center is currently 87% occupied, creating an opportunity for NOI appreciation upon leasing
the vacant suite. The Pro Forma NOI is estimated to be $250,807.68 and the current NOI is
$189,559.86. Tenant mix includes The Radio Bar, Simple Joe's Cafe, Time Warp Boutique, H&R
Block, Advance America Cash Advance, Anytime 24 Seven Golf, & Red Stick CrossFit. Ogden
Market is predominantly occupied by long term Tenants. There is currently one vacant 2,606
square foot suite being offered for lease.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
24,610 SF
Building Class
B
Year Built/Renovated
1985/2009
Price
$3,300,000
Price Per SF
$134.09
Cap Rate
7.60%
NOI
$250,800
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.83
Lot Size
0.68 AC
Zoning
C-1
Parking
80 Spaces (3.25 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 3079A
- 2,600 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 3079A | 2,600 SF | Retail | - | Now |
3079A
| Size |
| 2,600 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Walk Score®
Very Walkable (81)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $160,186 | |
| Land Assessment | $7,049 | Total Assessment | $167,235 |
Property Taxes
Parcel Numbers
Land Assessment
$7,049
Improvements Assessment
$160,186
Total Assessment
$167,235
1 of 5
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Presented by
3001-3081 Government St
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