Log In/Sign Up
Your email has been sent.
56 Starbrush Cir
Covington, LA 70433
Office Property For Sale
EXECUTIVE SUMMARY
Medical office with 2 additional lots next door available as well. The owner has decided to sell the lots separately which is why the price was lowered.
The medical tenant has a NNN lease generating $9,526 in monthly income. The main building has 4,064 SF. The medical building is priced with a 7% cap rate on it.
The current lease runs through July 31, 2028 with a 2% annual increase and an auto renewal for 12 months.
The lots are 50 Starbrush Circle (Lot 123) and 60 Starbrush Circle (Lot 121). The two lots are adjacent and have 25,869 SF and 31,861 SF of buildable area.
The medical tenant has a NNN lease generating $9,526 in monthly income. The main building has 4,064 SF. The medical building is priced with a 7% cap rate on it.
The current lease runs through July 31, 2028 with a 2% annual increase and an auto renewal for 12 months.
The lots are 50 Starbrush Circle (Lot 123) and 60 Starbrush Circle (Lot 121). The two lots are adjacent and have 25,869 SF and 31,861 SF of buildable area.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
2,232 SF
Building Class
B
Year Built
2001
Price
$1,653,337 CAD
Price Per SF
$740.74 CAD
Cap Rate
9.49%
NOI
$156,853 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
1,964 SF
Building FAR
0.03
Lot Size
1.57 AC
Zoning
Commercial
Parking
50 Spaces (25.46 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 1903 | Improvements Assessment | $119,266 CAD |
| Land Assessment | $0 CAD | Total Assessment | $119,266 CAD |
PROPERTY TAXES
Parcel Number
1903
Land Assessment
$0 CAD
Improvements Assessment
$119,266 CAD
Total Assessment
$119,266 CAD
1 of 17
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
