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Flex Space with Office Buildout

123 Lear Drive, Hammond, LA 70403

For Lease
$5,339/Mo NNN

An NNN lease with truck-level and ground entrances, plus loading docks and staging areas.

Space SizeContact for details
Property Size5,500 SF
Days on Market1314

Property Features for 123 Lear Drive

General Information

Standard status Active
Size 5,500 SF
Lease Type NNN

Additional Details

Office Build-Out 1,500 SF

Amenities

reception area
kitchen/break area
sales/conference room

Building Details

Building Size 5,500 SF
Year Built 2018
Stories 1
Listing Agency: Crescent Commercial Real Estate, LLC
Listed By: Frank Charles Cali · License LA #000051187
Source: Paulgilmorerealtors
Added: Apr 7, 2023 Changed: Nov 8 Last Checked: Nov 9 at 8:53AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crescent Commercial Real Estate, LLC

Rey
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Investment Insights

Based on property information with market context.

Suite A offers 5,500 square feet of flex space, including 1,500 square feet of office area. The office layout comprises five large offices, a reception area, a sales and conference room, a kitchen and break area, and two bathrooms. The building was constructed in 2018.

Truck-level and ground entrances serve the suite, with docks and staging areas also available. The lease is structured as NNN.

Key Highlights

  • 5,500 square feet of flex space, including 1,500 square feet of office area
  • Five large offices, reception area, sales and conference room, kitchen and break area, and two bathrooms
  • Truck‑level and ground entrances, plus docks with staging areas

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Petro Depot Gas Station

Suggested Use

Top Pick Real Estate Agency Storage Facility Grocery & Convenience Store Hair Salon HVAC Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

135
Businesses Nearby
Well-served
Demand for This Use

Demographics for 70403, LA

29,737
Population
13,577
Households
2.2
Avg Household Size
37
Median Age
24%
College-Educated
84%
High-School Grad
42.3 sq mi
ZIP Area
703
Density / Sq Mi
$50,547
Median Household Income
$32,603
Median Earnings
$992
Median Rent
$207,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Hammond, LA

$11.82 /SF/Yr
Avg Asking Price
$6.5–$32.14 /SF/Yr
Price Range
6,763 SF
Avg Space Size

This space is priced 1% below the average of $11.82 /SF/Yr.

Average Price Trend$/SF/Yr for Flex space in Hammond, LA

$9.38 Jul
$10.72 Aug
$10.91 Sep
$11.82 Oct

Properties on Market for Flex space in Hammond

Jul
Aug
Sep
Oct

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - An NNN lease with truck-level and ground entrances, plus loading docks and staging areas.
Where is this flex space located?
The property is located at 123 Lear Drive Hammond, LA.
What is the lease rate?
The lease rate is $5,339/Mo.
What are key features of this property?
This property features: 5,500 square feet of flex space, including 1,500 square feet of office area; Five large offices, reception area, sales and conference room, kitchen and break area, and two bathrooms; Truck‑level and ground entrances, plus docks with staging areas
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