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601-609 N 5th St
Monroe, LA 71201
Avery Suites · Office Property For Sale
Investment Highlights
- Beautifully decorates office renovated in 2019 with a great tenant mix.
- Just a short drive to Interstate 49 and located near the University of Louisiana Monroe.
- Recently renovated in 2019 with ample parking available.
- Convenience to I-20 connects Monroe to nearby destinations like Shreveport and Jackson, Mississippi in less than a two-hour drive.
Executive Summary
Former Retail business, completely gutted in 2019 and totally renovated with 20 Executive Suites and 60 climate control storage units. Each office has individual thermostats and keyless entry to each space with outside entry on the side. Receptionist on duty all day for convenience of tenants. All utilities are furnished, including new fiber optic Wi Fi furnished. Full kitchen facility available with microwave, ice maker and refrigerator. Conference room seats 12 and is available at no charge to tenants. Cameras inside and outside property.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
19,200 SF
Building Class
C
Year Built/Renovated
1964/2019
Price
$2,400,000
Price Per SF
$125
Cap Rate
10.29%
NOI
$246,960
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
19,200 SF
Building FAR
0.45
Lot Size
0.99 AC
Parking
35 Spaces (1.82 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $42,470 | |
| Land Assessment | $5,868 | Total Assessment | $48,338 |
Property Taxes
Parcel Numbers
Land Assessment
$5,868
Improvements Assessment
$42,470
Total Assessment
$48,338
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