1351 Holiday Square Blvd Covington, LA 70433
Class A office building with expansion opportunity in Covington, Louisiana.
Source:
Lee-associates
Listing Agent: Bill Sanders, Sior, Ccim
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Covington Office Building For Sale
This Class A, three-story office building, constructed in 2018, is located in Covington, Louisiana. Situated on 4.35 acres within a premier Northshore business corridor, the property offers access to a major regional market, 41 miles from New Orleans. The tenant occupies the first and second floors, with a lease in place for the entire 66,000 SF building. The third floor remains in shell condition, providing an opportunity for custom build-out and future expansion. The area is supported by strong surrounding demographics, including above-average household incomes and home values. The tenant is responsible for taxes, insurance, utilities, maintenance, and all operating costs. The property offers an ideal balance of a high-quality professional environment, convenient accessibility, and the desirable quality of life the Northshore is known for. The tenant, Globalstar, is willing to extend beyond its current lease term for the majority of its current occupied footprint. The initial lease term is from February 1, 2019 – January 31, 2029.
Location Intelligence
Current Use by Public Records
Globalstar
Telecommunications Service
Location Insight
- Map
- Local Demand
- City
- Covington
- County
- St. Tammany
- State
- Louisiana
- Longitude
- -90.091765
- Latitude
- 30.438266
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Class A office building with expansion opportunity in Covington, Louisiana.
Where is this office building located?
The property is located at 1351 Holiday Square Blvd Covington, LA.
What is the asking price?
The asking price for this property is $21,500,000.
What are key features of this property?
This property features: - Single-tenant lease with Globalstar, Inc. (NASDAQ: GSAT) until January 31, 2029, providing stable income.; - Opportunity for owner-occupancy with the ability to purchase and customize the third-floor shell space.; - Tenant (Globalstar) occupies 100% of the 66,000 SF building as their corporate headquarters.
