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Alpha Care 1859 Avenue of America 2,555 SF 100% Leased Office Building Monroe, LA 71201 $369,543 CAD ($144.64 CAD/SF) 7.62% Cap Rate
Investment Highlights
- Long term tenant
- Heart of Monroe Office Condominium Office Park
Executive Summary
Single-Tenant Office Investment | Long-Term Occupancy | North Monroe, LA
Well-maintained, single-tenant professional office building located in North Monroe between N 18th and N 19th on Avenue of America in Monroe. This property offers a stable, income-producing opportunity with a long-standing tenant in place since 1992, providing consistent occupancy and proven reliability.
The building features a functional layout with 8 private offices, a breakroom, and 3 restrooms, making it well-suited for a variety of professional office users.
Investment Highlights:
Tenant Tenure: Occupied since 1992
Established location in a central business corridor
Strong history of occupancy and tenant stability
This is an excellent opportunity for investors seeking a stable, income-producing asset with long-term tenancy already in place. The property’s central location and efficient layout support continued occupancy and long-term value.
Well-maintained, single-tenant professional office building located in North Monroe between N 18th and N 19th on Avenue of America in Monroe. This property offers a stable, income-producing opportunity with a long-standing tenant in place since 1992, providing consistent occupancy and proven reliability.
The building features a functional layout with 8 private offices, a breakroom, and 3 restrooms, making it well-suited for a variety of professional office users.
Investment Highlights:
Tenant Tenure: Occupied since 1992
Established location in a central business corridor
Strong history of occupancy and tenant stability
This is an excellent opportunity for investors seeking a stable, income-producing asset with long-term tenancy already in place. The property’s central location and efficient layout support continued occupancy and long-term value.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office
Building Size
2,555 SF
Building Class
C
Year Built
1981
Price
$369,543 CAD
Price Per SF
$144.64 CAD
Cap Rate
7.62%
NOI
$28,159 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,555 SF
Building FAR
0.98
Lot Size
0.06 AC
Zoning
B-2
Parking
6 Spaces (2.35 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 56263 | Improvements Assessment | $16,750 CAD |
| Land Assessment | $7,559 CAD | Total Assessment | $24,309 CAD |
Property Taxes
Parcel Number
56263
Land Assessment
$7,559 CAD
Improvements Assessment
$16,750 CAD
Total Assessment
$24,309 CAD
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Alpha Care | 1859 Avenue of America
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