Net-Leased Office
148 Hector Ave Terrytown, LA 70056
For Sale
Contact for pricing
Absolute net lease office building with lease expiring September 7, 2029 and two renewal options.
Property Size6,455 SF
Price / SF$368.82
Days on Market111
Property Features for 148 Hector Ave
General Information
- Standard status
- Active
- Size
- 6,455 SF
- Property subtype
- OFFICE
Listing Agency:
Boutique National, LLC (Bounat)
(813) 967-6077
Listed By:
Nick Ganey · License #SL3145813
(813) 967-6077
Source:
Moodyscre
Added: Apr 6
Changed: Jul 25
Last Checked: Jul 25 at 9:11AM
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 Boutique National, LLC (Bounat)
Investment Insights
Based on property information with market context.
This office property is offered as an absolute net lease, placing zero landlord responsibilities on the owner. The current net operating income is $166,649.21, based on $25.82 per square foot, with 1.5% annual escalations. The lease is scheduled to expire September 7, 2029, and includes two additional five-year renewal options.
The property is located at 148 Hector Ave, Terrytown, LA 70056, totaling 6,455 square feet.
The existing lease structure provides defined term and escalation provisions through the current expiration date, with extension opportunities via the renewal options.
The property is located at 148 Hector Ave, Terrytown, LA 70056, totaling 6,455 square feet.
The existing lease structure provides defined term and escalation provisions through the current expiration date, with extension opportunities via the renewal options.
Key Highlights
- Absolute net lease office building with zero landlord responsibilities
- NOI of $166,649.21 ($25.82 PSF)
- Lease expires September 7, 2029
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $145.6k | $22.56 |
| − Vacancy | −$26.2k | −$4.06 |
| EGI | $119.4k | $18.50 |
| − OpEx | −$29.9k | −$4.62 |
| NOI | $89.6k | $13.87 |
6,455 SF · lease $22.56/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,559 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,211 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
DaVita Oakwood Dialysis ...
Medical Clinic
FAQs
What type of property is this?
Office building - Absolute net lease office building with lease expiring September 7, 2029 and two renewal options.
Where is this office building located?
The property is located at 148 Hector Ave Terrytown, LA.
What is the asking price?
The asking price for this property is $2,380,703.
What are key features of this property?
This property features: Absolute net lease office building with zero landlord responsibilities; NOI of $166,649.21 ($25.82 PSF); Lease expires September 7, 2029
