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    10604 Coursey Blvd Baton Rouge, LA 70816

    For Sale
    $1,100,501

    5,600 SF, Avita Pharmacy Leased

    Property size:
    5,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional Class A executive office building, located at 10604 Coursey Blvd in Baton Rouge, Louisiana, presents a compelling investment opportunity. The property encompasses 5,600 square feet and is 100% occupied by Avita Pharmacy, a multi-location, multi-state tenant, under a modified lease. Avita Pharmacy has been a reliable tenant since 2016, and recently exercised a renewal option extending their lease through March 30, 2028. The lease includes a built-in rent increase commencing in 2025, providing predictable income growth. Strategically situated within the Investar Tower office park, directly behind Coursey Medical Plaza, this property benefits from excellent visibility and accessibility. Enjoy convenient access to major transportation arteries, with approximately a 2-minute drive to Airline Highway and a 4-minute drive to I-12. The asking price for this fully-leased, single-tenant investment is $1,100,501. Detailed financial information, including rent rolls, income, and expense data, is available upon request. This is a rare opportunity to acquire a stable, high-performing asset in a desirable Baton Rouge location. The property is in East Baton Rouge Parish, zip code 70816.

    Property Features for 10604 Coursey Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    5,600 SF
    Class
    A

    Building Details

    Buildings
    1

    HighLights

    • Fully occupied by Avita Pharmacy, a multi‑state tenant.
    • Strong tenant history, in place since 2016.
    • Long‑term lease expiring March 2028.
    • Rent escalates in 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    RentHouse Real Estate Agency Colorado Professional Resources Employment Agency Apex Constructors General Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baton Rouge
    County
    East Baton Rouge Parish
    State
    Louisiana
    Longitude
    -91.0632595
    Latitude
    30.4159484

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    FAQs

    What type of property is this?
    Office Property / Space - 5,600 SF, Avita Pharmacy Leased
    Where is this office property / space located?
    The property is located at 10604 Coursey Blvd Baton Rouge, LA.
    What is the asking price?
    The asking price for this property is $1,100,501.
    What are key features of this property?
    This property features: Fully occupied by Avita Pharmacy, a multi-state tenant.; Strong tenant history, in place since 2016.; Long-term lease expiring March 2028.
    (800) 895-9329
    Request Owner's contact information
    10604 Coursey Blvd Baton Rouge, LA 70816
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    Baton Rouge, LA 70816
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10604 Coursey Blvd Baton Rouge, LA 70816
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