LA Workforce Commission | 250 Holt St
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LA Workforce Commission 250 Holt St
5,217 SF Vacant Office Building Bastrop, LA 71220 $500,000 ($96/SF) 7.90% Cap Rate
Investment Highlights
- Rare Investor Opportunity! Long-Standing Income-Producing Property for Sale!
- Tenant: Louisiana State Office/Louisiana Workforce Commission.
- The building is very-well maintained and received a new roof, carpet and paint in 2018.
- Tenant has occupied this location for more than 20 years per multiple 5-Year terms.
Executive Summary
Rare Investor Opportunity! Long-Standing Income-Producing Property for Sale!
250 Holt Street is a 5,217 SF building on .88 AC in Bastrop, LA.
The building is very-well maintained and received a new roof, carpet and paint in 2018.
Tenant: Louisiana State Office/Louisiana Workforce Commission.
Tenant has occupied this location for more than 20 years per multiple 5-Year terms.
Current Owner has enjoyed this Full-Service Lease since 2017.
Current Tenant Lease term: October 1, 2022 to September 30, 2027.
CAP RATE: 7.9%. Financials/Lease available upon receipt of fully executed NDA attached.
250 Holt Street is a 5,217 SF building on .88 AC in Bastrop, LA.
The building is very-well maintained and received a new roof, carpet and paint in 2018.
Tenant: Louisiana State Office/Louisiana Workforce Commission.
Tenant has occupied this location for more than 20 years per multiple 5-Year terms.
Current Owner has enjoyed this Full-Service Lease since 2017.
Current Tenant Lease term: October 1, 2022 to September 30, 2027.
CAP RATE: 7.9%. Financials/Lease available upon receipt of fully executed NDA attached.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Building Size
5,217 SF
Building Class
B
Year Built
1999
Price
$500,000
Price Per SF
$96
Cap Rate
7.90%
NOI
$39,500
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,217 SF
Building FAR
0.13
Land Acres
0.91 AC
Zoning
CC-2 - Commercial
Parking
35 Spaces (6.71 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Storage Space
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Louisiana Workforce Commission
- Administrative and Support Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Louisiana Workforce Commission | Administrative and Support Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 920001341 | Total Assessment | $49,556 |
| Land Assessment | $5,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $44,556 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
920001341
Land Assessment
$5,000
Improvements Assessment
$44,556
Total Assessment
$49,556
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
-
Jennifer Causey -
John Rea Realty
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LA Workforce Commission | 250 Holt St
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