Active
Fully-Occupied Business Center
2399 Ferrand St, Monroe, LA 71201
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Overview
Investor Opportunity! New Price! 8% CAP!
Fully occupied mixed-use commercial-retail center in Monroe's Business District just off Tower Dr/Armand-Connector.
The Business Center was built to provide inexpensive, ready-to-go suites that provide a mix of industrial and high-end office space.
Each suite has 800 SF of warehouse/storage space equipped with 12' roll-up doors and 14' ceilings as well as 200 SF of office space with 1 handicapped-accessible restroom.
2025 Rent roll and financials are attached below.
For Sale
Retail
Secondary Uses: Strip Center
- Sale Price
- $875,000
- Price Per SF
- $109.4/SF
- Cap Rate
- 8.73%
- Building Size
- 8,000 SF
- Office SF
- 1,600 SF
- Acres
- 2.426 ac
- Zoning
- B-2
- Gross Income
- $107,400
- NOI
- $76,431.10
- Sale Terms
- Cash
- Signage
- On Building and Monument
- Showing
- Contact Broker
- Business Park
- Tower-Armand Business Park
- Building Class
- A
- Max Contiguous
- 8,000
- # of Buildings
- 1
- Floors
- 1
- Year Built
- 2016
- Construction Type
- Framed
- Parking Spaces
- 35
- Rentable SF
- 8,000
- Nearest MSA
- Monroe
- Property Status
- Existing
- Lot Size
- 265' x 573'
- Ceiling Height
- 14' - 14'
- Waterfront
- Yes
- Topography
- Level
- Power Provider
- City - Entergy
- Parish
- Ouachita
- Available
- 03/21/2024
- Listed
- 03/29/2024
- Updated
- 03/19/2025
- Listing ID
- cd751914
- Parcel APN
- 106746