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OVERVIEW

Fairfax Building. 5500 Florida Blvd., Baton Rouge, LA. OVERVIEW. Excellent 1031 Opportunity.

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OVERVIEW

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  1. Fairfax Building 5500 Florida Blvd., Baton Rouge, LA OVERVIEW Excellent 1031 Opportunity The Fairfax Building is a 24,913 sq.ft., 94% occupied building located between the Baton Rouge Community College (BRCC) educational district, and the Bon Carre Business Technology Park. The property delivers a sustainable solid cash flow due to the recently executed 8 year, 16,500 sq.ft. lease with a credit tenant, and The State of Louisiana sub-lease. The building consists primarily of office space with some ancillary retail space. This is an excellent investment opportunity to purchase a building with solid existing income, future capital appreciation, at well below replacement costs. Offered at: $2.5 Million Cap Rate: 10.3% (Going In Rate!) NOI Year 1: $256,289

  2. Fairfax Building 5500 Florida Blvd., Baton Rouge, LA DETAILS (Cash Flow Years 1-6)

  3. Fairfax Building 5500 Florida Blvd., Baton Rouge, LA AERIAL PHOTO For more information contact: Benjamin Stalter, CCIM 225-298-1250 bstalter@mmcre.com

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