1351 Holiday Square BlvdCovington, LA 70433

Property Details for 1351 Holiday Square Blvd

Year built

2018

Lot size

4.35 AC

Property size (Sq ft)

66,000 SF

Property type

Office properties

Description

This exceptional investment opportunity presents a fully occupied, 66,000-square-foot Class A office building in Covington, Louisiana. The property boasts a 100% occupancy rate with a credit-rated tenant, Globalstar, under a triple-net (NNN) lease with five years remaining, expiring January 31, 2029. Built in 2018, this three-story building features state-of-the-art interiors and Class A finishes. Situated on a 4.35-acre lot, the property benefits from its location in a desirable growth corridor of Covington. Globalstar, a provider of mobile satellite services in the US, Canada, Europe, Central, and South America, ensures a stable and high-quality tenant. The attractive 9.00% capitalization rate makes this a compelling investment. While an adjacent 3.53 acres is available for separate purchase, this offering focuses solely on the existing 4.35-acre site and 66,000 square feet of net rentable space. This is a stabilized investment with a strong tenant and a desirable location, presenting a rare opportunity for significant return. The property is located at 1351 Holiday Square Blvd, Covington, LA 70433.

Location Insight

City

Covington

County

St. Tammany Parish

State

Louisiana

Latitude

30.4342

Longitude

-90.0917

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