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    3600 Jackson St Alexandria, LA 71303

    For Sale
    $2,900,000

    Multi-tenant office, high NOI, strong cap rate.

    Property size:
    40,945 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Alexandria, LA investment opportunity presents a 40,945 square foot, two-story Class B office building situated on a 1.96-acre lot at 3600 Jackson Street. The property, recently renovated in 2023, features 29 tenants in a multi-tenant configuration with an 86.65% occupancy rate, generating a current NOI of $271,678 and a pro-forma NOI of $321,178. The building boasts 190 parking spaces and offers a gross lease structure. The asking price is $2,900,000, representing a current cap rate of 9.37% and a pro-forma cap rate of 11.08%. The 31,957 square feet of net rentable space is priced at $70.83 per square foot. The property is zoned COMMERCIAL and benefits from recent renovations including new HVAC systems, remodeled restrooms, fresh interior and exterior paint, and attractive landscaping. Its prime location provides convenient access to major highways, shopping, and public transportation, ensuring high visibility and foot traffic. Rent bumps are in place, further enhancing the investment potential. This stabilized investment, with its strong tenant base and potential for increased revenue, presents a compelling opportunity for investors seeking a high-performing asset in a desirable location. The property is for sale by owner.

    Property Features for 3600 Jackson St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    40,945 SF
    Class
    B
    Lot Size
    85,378 SF

    Building Details

    Year Renovated
    2023
    Buildings
    1
    Stories
    2

    HighLights

    • $2,900,000 asking price for a stabilized Class B office building.
    • 40,945 total square feet, 31,957 net rentable square feet, with 29 tenants in a multi‑tenant gross lease structure.
    • 9.37% current cap rate, 11.08% pro‑forma cap rate, with a current NOI of $271,678 and a pro‑forma NOI of $321,178.
    • 86.65% occupancy, $70.83 price per square foot.
    • Recently renovated in 2023, featuring 190 parking spaces on a 1.96‑acre lot in Alexandria, LA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Zee Fountain - Realtor ... Real Estate Agent SONYA MONCRIEF - eXp ... Real Estate Agent Virginia Rachal, Keller ... Real Estate Agent Duke Allgood Real Estate Agent MOVE.IN.HAPPY,LLC Real Estate Agent

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Rapides Parish
    State
    Louisiana
    Longitude
    -92.476947144321
    Latitude
    31.284978005348

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    FAQs

    What type of property is this?
    Office Property / Space - Multi-tenant office, high NOI, strong cap rate.
    Where is this office property / space located?
    The property is located at 3600 Jackson St Alexandria, LA.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: $2,900,000 asking price for a stabilized Class B office building.; 40,945 total square feet, 31,957 net rentable square feet, with 29 tenants in a multi-tenant gross lease structure.; 9.37% current cap rate, 11.08% pro-forma cap rate, with a current NOI of $271,678 and a pro-forma NOI of $321,178.
    Request Owner's contact information
    3600 Jackson St Alexandria, LA 71303
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    Alexandria, LA 71303
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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
    3600 Jackson St Alexandria, LA 71303
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