Office Building | Owner Occupant Opportunity with Partial Leased to Credit Tenants

5551 Corporate Boulevard Baton Rouge, LA 70808

FOR SALE FOR LEASE
Property Type:
Multi Tenant Office
Amount:
$10,645,000
Last Verified:
Sep 01, 2022

Highlights


Description

Property One, Inc. is pleased to bring to market an opportunity for an owner occupant to purchase a Class A office building that is partially leased to credit tenants. The building has 51,920 rentable square feet and is situated on 2.55 acres.

Constructed in 1981 and originally home to Lamar Advertising, the building has undergone several renovations over the years. In 2013, the exterior of the building was reskinned, and the first-floor lobby received new flooring, lighting and finishes giving the building an up-to-date design. ADA restrooms were also installed throughout the building. The cooling tower and elevators were replaced in 2017 and an energy management system was installed on the first floor in 2021 to enhance HVAC performance and provide energy savings. Between 2021 and 2022 several other improvements were made to the parking lot and landscaping.

BUILDING
This 3-story class A office building located on Corporate Boulevard has approximately 37,000 SF of space on the second and third floors coming available for lease in February 2023. The main lobby and elevators are secured with controlled key-fob access.

* The 3rd Floor is currently available for Sublease
*Ownership would also consider a sale for an owner occupant. Contact agent for additional details.

PARKING
The building is situated on 2.5 acres with approximately 192 parking spaces providing a ratio of 3.69 parking spaces per 1000 RSF. Due to the availability of parking, the owner would consider designating a certain number of spaces if secured or dedicated parking is needed.

LOCATION
Located in the desirable Acadian/College submarket of Baton Rouge, the property is located on the north side of Corporate Boulevard at the intersection of Park Plaza Drive just east of College Drive. The property's proximity to Interstate 10 makes it easily accessible from Lafayette, New Orleans, Hammond and downtown Baton Rouge.

The office is within walking distance of several hotels, restaurants and banks and just a short drive to Towne Center at Cedar Lodge, a premier open air center with many unique shopping and dining options.

Situated on the north side of Corporate Boulevard at the intersection of Park Plaza Drive east of College Drive and located in the desirable College/Acadian submarket of Baton Rouge. The property's proximity to Interstate 10 makes it easily accessible to Lafayette, New Orleans, Hammond and downtown Baton Rouge.

The property is within walking distance of several hotels, restaurants and banks and a short drive to Towne Center at Cedar Lodge, a premier open-air center with many unique shopping and dining options.

Area businesses include: Mansur's On the Boulevard, Sullivan's, Albasha, Jason's Deli, Another Broken Egg, Home Bank, Cottonport Bank, Marriot, Extended Stay America, Tru by Hilton, Richmond Inn & Suites, Movie Tavern, Lamar Advertising, Farm Bureau, Bancorp South, Louisiana National Bank, Social Security Administration, Lee Michaels Headquarters, LUBA, and many more


Year Built: 1981
Building Size: 51920sq ft
Building Class: A
Lot Size: 2.55 acres


Documents

5551 Corporate_Sale Flyer
Lease Brochure

Units for Lease

Suite 300
Space Available: 19184 SF
Lease Type: Full Service

Price Per Sqft/Month: $23.50

Map of 5551 Corporate Boulevard, Baton Rouge, LA, 70808

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