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42124 Veterans Ave 5,127 SF Office Building Hammond, LA 70403 $1,395,000 ($272.09/SF) 6.25% Cap Rate
EXECUTIVE SUMMARY
Stand-alone income producing building with a Cap Rate of +/-6.25 in medical corridor of Hammond next to North Oaks Surgery Center and across the street from North Oaks main campus. Currently one medical tenant in the building, CARD Center For Autism & Related Disorders. The building is designed to have one or two tenants with two separate entrances if desired. Built in 2010 with =/-4,975 square feet in flood zone X. Corner lot with high visibility. Please do not bother tenant. Call agent for more details or setup viewing.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,127 SF
Building Class
B
Year Built
2010
Price
$1,395,000
Price Per SF
$272.09
Cap Rate
6.25%
NOI
$87,188
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,127 SF
Slab To Slab
10’
Building FAR
0.18
Lot Size
0.65 AC
Parking
26 Spaces (5.07 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
1 1
PROPERTY TAXES
| Parcel Number | 06017576 | Improvements Assessment | $101,884 |
| Land Assessment | $19,876 | Total Assessment | $121,760 |
PROPERTY TAXES
Parcel Number
06017576
Land Assessment
$19,876
Improvements Assessment
$101,884
Total Assessment
$121,760
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42124 Veterans Ave
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