251 La-21 Madisonville, LA 70447
This exceptional 4,100-square-foot executive office suite is located on the second floor of a Class B building at 251 LA-21 in Madisonville, Louisiana, 70447. Situated just north of Lake Castle School, this space offers a private entrance and boasts a unique design featuring vaulted ceilings, an industrial aesthetic, and numerous executive offices. The suite includes a well-equipped kitchen, a dedicated conference room, an IT room, ample storage areas, and three restrooms. High-speed internet access is provided via AT&T Fiber Optics and Charter/Spectrum, with Cat 5 wiring throughout. A backup propane generator ensures business continuity during severe weather. The building offers excellent parking and easy access to I-12, Covington, Mandeville, and Madisonville. The gross lease rate is $14.13 per square foot, inclusive of water, sewer, garbage, exterior maintenance, insurance, and real estate taxes. Tenants are responsible for a pro-rata share (66%) of power and propane gas costs. A state-of-the-art security system is in place. The landlord will cover the costs of painting, flooring, and any necessary renovations. The zoning is commercial, and the building is two stories with Cleco power. The minimum and maximum contiguous square footage available is 4,100 square feet.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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