6160 Perkins Rd, Baton Rouge, LA 70808

Commercial property for lease

• Description
• Multi-tenant office building investment for sale in Baton Rouge, Louisiana. Quail Oaks Atrium is located on Perkins Road mid-way between College Drive and Essen Lane. The Property is a 21,160 sq. ft. +/- "Class B" office building situated in a prime retail, medical and office corridor in Baton Rouge. Historical occupancy maintained between 93% - 100%. Quail Oaks Atrium recently received interior and exterior capital expenditure improvements including beautification of exterior facade, upgraded and well-maintained HVAC units, large fan installed in atrium and enhanced landscaping. The exterior is freshly painted and pressure washed, exterior and interior windows cleaned and various office suites renovated with new carpet and paint. In a office market corridor boasting $16-20/SF lease rates, the Property consists of below market lease rates and is well-positioned for a new owner to increase future lease rates as current leases expire. The replacement value of comparable office buildings in this corridor is $185-200/SF.PROPERTY HIGHLIGHTS100% Leased Office Investment Property. Under-rented Lease Rates | Ability to Increase Future Rents. Well Positioned Asset in Strong Office, Retail and Medical Corridor. Excellent Visibility and Located on Hard Corner of Perkins and Quail Run. Opportunity for Owner / Manager to Manage Asset. Building price details: $2,500,000.
• Exterior Features

• Parking Type:

  Surface

• Contact info
• Justin P Langlois

  SVN - Graham, Langlois & Legendre, LLC
• Note

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