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2017 Bular St

5,387 SF Office Building Ruston, LA 71270 $1,400,000 ($260/SF) 6% Cap Rate

Executive Summary

Social Security Office with new lease

Financial Summary (Actual - 2022)

Annual Annual Per SF
Gross Rental Income $120,000 $22.28
Other Income - -
Vacancy Loss - -
Effective Gross Income $120,000 $22.28
Taxes $9,037 $1.68
Operating Expenses $24,141 $4.48
Total Expenses $33,178 $6.16
Net Operating Income $86,822 $16.12

Financial Summary (Actual - 2022)

Gross Rental Income
Annual $120,000
Annual Per SF $22.28
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $120,000
Annual Per SF $22.28
Taxes
Annual $9,037
Annual Per SF $1.68
Operating Expenses
Annual $24,141
Annual Per SF $4.48
Total Expenses
Annual $33,178
Annual Per SF $6.16
Net Operating Income
Annual $86,822
Annual Per SF $16.12

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
5,387 SF
Building Class
B
Year Built
2006
Price
$1,400,000
Price Per SF
$260
Cap Rate
6%
NOI
$84,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,387 SF
Building FAR
0.12
Lot Size
1.05 AC
Zoning
Commercial - Commercial
Parking
17 Spaces (3.16 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Public Administration
  • 5,300 SF
  • $22.64
  • Full Service Gross
  • Jun 2036

Social Security provides financial protection for the nation’s people, supporting Americans throughout all of life’s journeys. They administer retirement, disability, survivor, and family benefits, and enroll individuals in Medicare. They also provide Social Security Numbers, which are unique identifiers needed to work, handle financial transactions, and determine eligibility for certain government services. Social Security provides retirement income for almost every American worker. They also administer Supplemental Security Income (SSI) to some individuals over a certain age who have limited income and resources. With retirement, disability, and survivors benefits, Social Security is one of the most successful anti-poverty programs in the nation's history. Social Security is committed to helping maintain the basic well-being and protection of the people they serve. They pay benefits to millions of people including retirees, children, widows, and widowers.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Public Administration 5,300 SF $22.64 Full Service Gross Jun 2036

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
31263
Land Assessment
$26,375 (2023)
Improvements Assessment
$82,929 (2023)
Total Assessment
$109,304 (2023)
Annual Taxes
$9,037 ($1.68/SF)
Tax Year
2022
  • Listing ID: 28795725

  • Date on Market: 6/19/2023

  • Last Updated:

  • Address: 2017 Bular St, Ruston, LA 71270

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