7031 Commerce Cir | Baton Rouge, LA 70809
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- LoopNet Team
7031 Commerce Cir
Baton Rouge, LA 70809
15 Yr Sale Lease Back NNN · Office Property For Sale
Investment Highlights
- 7031 Commerce Circle is a 27,160 SF, two-story office building on a 1.8 AC lot, a 15 year NNN investment as the Republic Finance headquarters.
- Designed by an award-winning sustainable architect, comprised of recycled materials with efficient HVAC, lighting, elevators, and solar shading.
- Well-connected, 10 minutes from Downtown Baton Rouge, 15 minutes from Louisiana State University, and just over an hour from New Orleans.
- Republic Finance is currently on a 15-year lease term at $31/SF, plus NNN expenses, with 2% annual escalations, for $841,960 in net operating income.
- Office rents in the Baton Rouge market average around $19/SF, making this one of the highest income-producing offices in the region.
- Adjacent to the Towne Center at Cedar Lodge, the City Farm office park, and the brand new Louisiana Farm Bureau office.
PROPERTY FACTS
Property Type
Building Size
27,160 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2009
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
13,850 SF
Building FAR
0.62
Lot Size
1.00 AC
Zoning
PUD
Parking
150 Spaces (5.52 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Controlled Access
- Conferencing Facility
- Security System
- Kitchen
- Natural Light
- Partitioned Offices
- Wi-Fi
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 02455765 | Improvements Assessment | $978,750 |
| Land Assessment | $375,000 | Total Assessment | $1,353,750 |
PROPERTY TAXES
Parcel Number
02455765
Land Assessment
$375,000
Improvements Assessment
$978,750
Total Assessment
$1,353,750
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