725 Westin Oaks DrHammond, LA 70403

Property Details for 725 Westin Oaks Dr

Year built

2008

Lot size

2.10 AC

Property size (Sq ft)

13,606 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

5626609

APU

5626609

Description

This exceptional 13,606 square foot, single-story office building, located at 725 Westin Oaks Drive in Hammond, Louisiana, presents a unique opportunity for lease or purchase. Built in 2008 and renovated the same year, this Class B property sits on a 5.1-acre lot and offers ample parking with 67 spaces. The building features a spacious lobby, central conference rooms, and numerous private and group offices, totaling over 30 spaces. Previously occupied by Worley Insurance, this well-maintained facility sustained no damage during Hurricane Ida and is move-in ready. Equipped with a whole-house Cummins generator powered by Atmos natural gas, it ensures reliable operation. The property boasts excellent visibility and accessibility from I-55, minutes from downtown Hammond and the I-12/I-55 interchange, and only an hour from New Orleans. Zoned C-H (Highway Commercial), this property is ideally suited for a mid-to-large corporation, educational institution, or government agency seeking a headquarters, regional offices, or training center. The building's high-quality finishes include high ceilings, wood trim, hardwood flooring, and attractive landscaping. The property is divisible, allowing for multi-tenant occupancy with shared common areas. The minimum divisible space is 6,803 square feet, with a maximum contiguous space of 13,606 square feet. The property includes four lots and is located within the city limits of Hammond, LA. This is a must-see property for businesses seeking a prestigious and functional office space in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,907,629

  6.5%

  $1,760,888

  7%

  $1,635,111

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,037,878

  Geo Method

  $967,251

• Alternative Use

  Use

  Valuation

  Residential

  $2,183,502

  Hospitality

  $2,000,076

  Educational

  $1,664,040

  Medical

  $1,721,268

  Retail

  $2,588,506

Location Insight

City

Hammond

County

Tangipahoa

State

Louisiana

Latitude

30.4984

Longitude

-90.4991

CBSA code

25220

CBSA name

HAMMOND, LA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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