8591 United Plaza BlvdBaton Rouge, LA 70809

Property Details for 8591 United Plaza Blvd

Year built

1987

Lot size

2.94 AC

Property size (Sq ft)

58,000 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

717924

APU

717924

Description

United Plaza V, a Class A office building in East Baton Rouge Parish's Submarket 62, offers exceptional office space for lease. This three-story building, constructed in 1987, boasts a total of 58,369 square feet, with 38,360 square feet currently vacant. Multiple tenancy options are available, with a minimum divisible space of 18,467 square feet and a maximum contiguous space of 19,893 square feet. The property sits on a 2.94-acre lot, conveniently located off Essen Lane, providing easy access to I-10 and I-12. The building features two elevators and ample parking with 230 spaces. Its C2 zoning allows for a variety of commercial uses. The building includes a generator capable of powering a single floor, and the ground floor offers convenient high dock access. United Plaza V is part of a thriving office park, attracting leading corporations and businesses. Its strategic location places it near major medical facilities, including The Baton Rouge Medical District, Our Lady of the Lake, Children's Hospital, and Baton Rouge General, as well as prominent companies like Turner Industries, Excel USA, Brown & Root, Hub International, CDI, and Cadence Insurance. This prime location offers excellent visibility and accessibility for businesses seeking a prestigious address in a dynamic and well-connected area.

• CAP approach

  CAP return

  Valuation

  6%

  $10,097,395

  6.5%

  $9,320,672

  7%

  $8,654,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,857,652

  Geo Method

  $26,915,160

• Alternative Use

  Use

  Valuation

  Residential

  $9,320,672

  Hospitality

  $8,537,685

  Educational

  $7,103,254

  Medical

  $7,347,546

  Retail

  $11,049,506

Location Insight

City

Baton Rouge

County

East Baton Rouge

State

Louisiana

Latitude

30.4118

Longitude

-91.094

CBSA code

12940

CBSA name

BATON ROUGE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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