For Sale
$650,000

10296 Choctaw DrBaton Rouge, LA 70815

Fully Leased, High-Return Investment

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity comprises two fully leased industrial buildings totaling 11,800 square feet on a 0.37-acre lot in Baton Rouge, Louisiana. Located at 10296 and 10334 S Choctaw Dr, 70815, this stabilized portfolio offers a compelling return with a current asking price of $650,000 ($55.08/sq ft). The property features two tenants, one with a lease extending to September 2024, including a two-year renewal option with a rent increase to $4,000 per month, and the other on a month-to-month lease. Both buildings are well-maintained, boasting minimal deferred maintenance and each includes two functional roll-up doors. Leases are structured on modified gross terms, with the landlord currently covering property taxes and insurance. This presents a unique opportunity for investors seeking a stable, high-occupancy investment. The properties can be purchased together or individually, although separate purchases require resubdivision. This flexibility, coupled with the strong tenancy and minimal maintenance needs, makes this a highly attractive investment prospect in a desirable Baton Rouge location. The current monthly rent is $6,000, providing a strong cash flow for the investor.

Highlights

  • $650,000 asking price for a stabilized, fully-leased industrial investment property.
  • 11,800 square feet on a 0.37-acre lot, with a price per square foot of $55.08.
  • Two buildings, each 5,900 SF, currently 100% occupied by two tenants under gross leases.
  • One tenant has a lease expiring September 2024 with a two-year renewal option at $4,000/month; the other is month-to-month.
  • Well-maintained properties with minimal deferred maintenance; each building features two roll-up doors.
  • Properties can be purchased individually or together (resubdivision required for separate purchases).

Property Details for 10296 Choctaw Dr

Property type
Warehouses, Industrial properties
Square Feet
11,800 SF
Lot Size (sq. ft)
16,117 SF

Location Insight

City
Baton Rouge
County
East Baton Rouge Parish
State
Louisiana
Latitude
30.4717706
Longitude
-91.0701839
10296 Choctaw Dr, Baton Rouge, Louisiana

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10296 Choctaw Dr
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