601 N 5th St - Office FOR SALE


Monroe, LA 71201
$2,400,000 USD
318-330-2228
601 N 5th St, Monroe, LA for Sale
$2,400,000 USD
Office - FOR SALE
1/17
null | 10.29% Cap Rate

601 N 5th St
Monroe, LA 71201


HIGHLIGHTS

  • Beautifully decorates office renovated in 2019 with a great tenant mix.
  • Recently renovated in 2019 with ample parking available.
  • Just a short drive to Interstate 49 and located near the University of Louisiana Monroe.
  • Convenience to I-20 connects Monroe to nearby destinations like Shreveport and Jackson, Mississippi in less than a two-hour drive.

OVERVIEW

Former Retail business, completely gutted in 2019 and totally renovated with 20 Executive Suites and 60 climate control storage units. Each office has individual thermostats and keyless entry to each space with outside entry on the side. Receptionist on duty all day for convenience of tenants. All utilities are furnished, including new fiber optic Wi Fi furnished. Full kitchen facility available with microwave, ice maker and refrigerator. Conference room seats 12 and is available at no charge to tenants. Cameras inside and outside property.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

10.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Avery Suites

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

-

APN/PARCEL ID

44138,48270,95448

ASK ABOUT THIS PROPERTY

Wayne WilliamsonWilliamson Consulting GroupMore Info
318-330-2228

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Wayne WilliamsonWilliamson Consulting GroupMore Info
318-330-2228

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.