10928 S Choctaw Dr, Baton Rouge, LA 70815
Commercial property for sale
Added: 01/18/2012
Last Update: 04/19/2012
10928 S Choctaw Dr
Baton Rouge, LA
70815 US
Description
Absolute Net Leased Investment Property for sale at a 10.8% CAP rate. Tenant is Shamrock Pipe Tools, a subsidiary of Sreco Flexible based out of California with multiple location across the country. Five years remaining on initial ten year term of the lease. Tenant has five options of five years each to renew. Tenant has been at this location for close to 30 years. Lease is absolute net, so tenant is responsible for all taxes, insurance, maintenance, and repairs, including roof, structure, HVAC, plumbing, electrical, and parking lot. Property consists of 1.619 acres and five buildings totaling 35,790 SF. Building price details: $950,000.
Property Details
- Type: Industrial
- Status: Available
- Buildings: 1