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9489 Airline Hwy

20,370 SF 100% Leased Retail Building Baton Rouge, LA 70815 $2,100,000 ($103/SF) 8.47% Cap Rate

Retail Buildings Louisiana Baton Rouge 9489 Airline Hwy, Baton Rouge, LA 70815

Investment Highlights

  • Excellent visibility and exposure to Airline Hwy
  • Strategically positioned between Interstate 12 and Florida Blvd (US 190), one mile south of Amazon's new 3.4 million sq. ft. Fulfillment Center
  • Easy access to Airline Hwy with two ingress and egress points
  • Traffic count of 59,272 cars per day
  • 100% leased, stabilized asset. Existing tenants - Mattress Direct, Regal Credit, B'Vogue Cache, Destiny's Hair, Beacon Images and Kode 3 Performance
  • Well constructed multi-tenant retail center

Executive Summary

Airline Hwy Retail Center, located at 9469-9489 Airline Hwy (US 61) in Baton Rouge, has excellent visibility and exposure to Airline Hwy
with its traffic count of 59,272 cars per day. This 20,370 sq. ft. multi-tenant shopping center includes Mattress Direct, Regal Credit, B'Vogue Cache, Destiny's Hair, Beacon Images and Kode 3 Performance. The property is strategically positioned between Interstate 12 and Florida Blvd (US 190), one mile south of Amazon's new 3.4 million sq. ft. Fulfillment Center. Easy access is provided with two ingress and egress points to Airline Hwy within the property. This center is a 100% leased, stabilized asset that offers an investor the rare opportunity to acquire a well constructed multi-tenant retail center.

Attachments

Offering Memorandum 9469-9489 Airline Hwy Baton Rouge LA

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
20,370 SF
Building Class
C
Year Built
2010
Price
$2,100,000
Price Per SF
$103
Cap Rate
8.47%
NOI
$177,870
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.45
Land Acres
1.03 AC
Zoning
C-2 - General Commercial Zone
Frontage
225 FT on Airline Hwy
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9489 Airline Hwy, Baton Rouge, LA - aerial map view - Image1
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9489 Airline Hwy, Baton Rouge, LA - aerial map view - Image3
9489 Airline Hwy, Baton Rouge, LA - aerial map view - Image4

PROPERTY TAXES

Parcel Number 00562122 Improvements Assessment $61,440
Land Assessment $2,990 Total Assessment $64,430

PROPERTY TAXES

Parcel Number
00562122
Land Assessment
$2,990
Improvements Assessment
$61,440
Total Assessment
$64,430
(225) 937-3137

  • Listing ID: 30053483

  • Date on Market: 11/14/2023

  • Last Updated:

  • Address: 9489 Airline Hwy, Baton Rouge, LA 70815

The Retail Property at 9489 Airline Hwy, Baton Rouge, LA 70815 is currently available For Sale. Contact Persac Properties, Inc. for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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9489 Airline Hwy, Baton Rouge, LA for sale Building Photo- Image 1 of 7
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9489 Airline Hwy, Baton Rouge, LA for sale Aerial- Image 2 of 7
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9489 Airline Hwy, Baton Rouge, LA for sale Aerial- Image 3 of 7
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9489 Airline Hwy, Baton Rouge, LA for sale Aerial- Image 5 of 7
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9489 Airline Hwy, Baton Rouge, LA for sale Building Photo- Image 6 of 7
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9489 Airline Hwy
(225) 937-3137 x

9489 Airline Hwy

David Persac

(225) 937-3137

(225) 937-3137

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