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Property: The subject property consists of 8 buildings that range in size from 3,122 to 13,342 square feet and total 60,296 square feet. The subject buildings were built in 1950 and 1966 and have clear heights that range from 10 to 30 feet. The current owner has made significant updates and upgrades to the buildings since purchasing the property in December 2006. The building is owner-occupied and is used for metal fabrication. Site improvements include 8 foot perimeter fencing and a combination of concrete, asphalt, and gravel pavement. The East Baton Rouge Parish Assessor identifies the subject property as parcel numbers 810271257, 810271258, 810271253, 810271256. All FF&E including the cranes can be negotiated as part of the sale. Location: The property is located in Baton Rouge, Louisiana just south the ExxonMobil refinery. - Number of buildings: 8 - Building condition: Good - Tenancy: Single Tenant
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Most listings are in the $40's per square foot per year. The Mid City North submarket is going through a a rise in rates. In the last 3 months, the median rate increased $49 per sqft per year. That's a Inf% rise in rent.
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