1351 Holiday Square Blvd Covington, LA 70433

Property Details for 1351 Holiday Square Blvd

Year built

2018

Lot size

4.35 lot acres

Property size

66,000 SF

Property type

Office Properties & Spaces

Description

This exceptional investment opportunity presents a fully occupied, 66,000-square-foot Class A office building in Covington, Louisiana. The property boasts a 100% occupancy rate with a credit-rated tenant, Globalstar, under a triple-net (NNN) lease with five years remaining, expiring January 31, 2029. Built in 2018, this three-story building features state-of-the-art interiors and Class A finishes. Situated on a 4.35-acre lot, the property benefits from its location in a desirable growth corridor of Covington. Globalstar, a provider of mobile satellite services in the US, Canada, Europe, Central, and South America, ensures a stable and high-quality tenant. The attractive 9.00% capitalization rate makes this a compelling investment. While an adjacent 3.53 acres is available for separate purchase, this offering focuses solely on the existing 4.35-acre site and 66,000 square feet of net rentable space. This is a stabilized investment with a strong tenant and a desirable location, presenting a rare opportunity for significant return. The property is located at 1351 Holiday Square Blvd, Covington, LA 70433.