1800 Ryan StLake Charles, LA 70601

This exceptional 15,000 square foot office building in Lake Charles, LA, presents a compelling investment opportunity. Boasting a 4.81% cap rate and 84% occupancy (with full occupancy projected by October 29, 2024), this multi-tenant property features six suites, five of which are currently leased. The building, constructed in 1980 and renovated in 2020, offers 13,875 rentable square feet across one story, situated on a spacious 1.26-acre lot with ample parking (65 spaces). Its prime location between I-10 and I-210 provides easy access to major thoroughfares, government offices, the financial district, shopping, dining, and the Christus Ochsner Hospital. The property's durable brick and stucco construction ensures lasting value. The building is zoned for business use and includes multiple bathrooms and kitchens. Lease terms vary from one to three years, with rent increases based on changes in taxes and insurance. The current Net Operating Income (NOI) is $80,514. This is an owner/user investment opportunity with potential for significant return. The available suite offers approximately 3,411 square feet and can be utilized by the owner or leased individually. Financial details, including a 2023 Profit & Loss statement and rent roll, are available upon request. This property represents a strong investment in a thriving Lake Charles location.