Mid-City Office Building with Medical Tenant

View Sale Brochure: https://buildout.com/sharing/Mid-City-Office-Building-with-Medical-Tenant-5353-florida-blvd-baton-rouge-mid-city-office-building-with-medical-tenant-sale?file=4372853

Baton Rouge General Physicians anchors this ±18,481 SF office/medical property, occupying the entire ±8,633 SF first floor since 2016 and generating $12,723.96 in monthly rental income, or $152,687.52 annually.

The ±9,848 SF second floor is fully vacant and customizable, offering an owner-occupant the opportunity to utilize the space while benefiting from established rental income, or an investor the ability to lease the additional space for future revenue.

At the $1,400,000 asking price, Baton Rouge General's first-floor lease generates $152,688 in annual gross rent. After actual operating expenses of approximately $51,717 (insurance, utilities, taxes, and maintenance), the property produces an estimated $100,971 in net operating income, a 7.2% cap rate, before accounting for potential income from the vacant ±9,848 SF second floor.

Situated on ±0.86 acres along one of Mid-City’s busiest corridors, the property offers strong visibility along Florida Blvd., ample parking, and dual frontage from Florida Blvd. and N Fairfax Dr.

More than $1,000,000 has been invested in renovations since 2015, providing an established office/medical property with in-place tenancy and additional space for future use or income.

The property is zoned C1 – Light Commercial.