Multi-Tenant Office Investment Opportunity on Brookline Ave

9654 Brookline Ave Baton Rouge, LA 70809

Baton Rouge
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$599,000
Last Verified:
Jul 16, 2024

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Highlights

  • Well-maintained property in a desirable location between Drusilla and Airline
  • Suitable for investors looking to add value and owner-occupants needing office space
  • Two suites immediately available with a third opening in December 2024
  • Strategic location – Under ±0.8 mile access to Drusilla Ln, Airline Hwy, and I-12

Description

Now available for sale, 9654 Brookline Ave is a well-maintained, multi-tenant office building ideally situated between Drusilla and Airline.

This building presents a prime opportunity for investors seeking value-add potential through below-market leases ready for adjustment to current rates.

The property also offers an excellent option for owner-occupants looking to utilize the remaining vacant space for their operations.

Suite 210 will be available for move-in starting December 1, 2024, while the other two vacant suites are ready for immediate occupancy.

Strategically located just ±0.1 mile to Drusilla Ln, ±0.3 mile to Old Hammond Hwy, ±0.2 mile to Airline Hwy, and ±0.8 mile to I-12.

The property is equipped with a large, off-street parking lot that wraps around the building.

***To access the FINANCIALS (rent roll, income, expense, etc.), please click “Access Privileged Documents” above. From there, you’ll be able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you don’t already have an account, you can create one for free.***

Lot 4


Year Built: 1981
Building Size: 7400sq ft
Building Class: B
Lot Size: 0.4 acres

Map of 9654 Brookline Ave, Baton Rouge, LA, 70809

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.