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The subject property consists of three office buildings located near the intersection of North Foster and Florida Blvd in Baton Rouge, LA. Building A consists of 10,000 Sq/Ft; Building B consists of 14,000 Sq/Ft, Building C consists of 10,000 Sq/Ft. The lot size of the subject property is approximately 95,000 Sq/Ft (2.18 Acres). The buildings have flat roof construction on the back portions of the office with pitched roof fronts.
Lease includes utilities! - Class of space: Class C
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The typical asking rate per listing is in the $10's per square foot per year. The Lobdell-Woodale submarket is going through a decrease in rates. In the last 3 months, the median rate fell $10 per sqft per year. That's a 38% decrease in rent.
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