8450 Madrid AveBaton Rouge, LA 70814

Property Details for 8450 Madrid Ave

Property size (Sq ft)

25,726 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

1095773

APU

1095773

Description

Three renovated warehouse/office spaces are available for lease at 8450 Madrid Ave, Baton Rouge, LA 70814. This multi-tenant complex is situated in a thriving manufacturing hub, conveniently located off S Choctaw, between Airline and Oak Villa. The property offers ample parking and easy access to local amenities. Units range in size from approximately 1,600 square feet to approximately 2,000 square feet. Two units are approximately 2,000 square feet (Units C and E), and one unit is approximately 1,600 square feet (Unit I). All units are undergoing complete renovations under new ownership and are available for pre-leasing. The location provides significant advantages for businesses involved in logistics and distribution, being approximately 5-6 minutes from a new 3,500,000 square foot Amazon fulfillment center. This proximity ensures excellent access to a large workforce and high daytime traffic. This property is perfect for companies seeking flexible lease terms in a revitalizing area of Baton Rouge. Leases are gross lease type.

• CAP approach

  CAP return

  Valuation

  6%

  $4,363,158

  6.5%

  $4,027,531

  7%

  $3,739,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,041,723

  Geo Method

  $11,938,266

• Alternative Use

  Use

  Valuation

  Residential

  $4,027,531

  Hospitality

  $3,689,196

  Educational

  $3,069,368

  Medical

  $3,174,928

  Retail

  $4,774,572

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.474

Longitude

-91.1006

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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