10296 Choctaw Dr Baton Rouge, LA 70815

This exceptional investment opportunity comprises two fully leased industrial buildings totaling 11,800 square feet on a 0.37-acre lot in Baton Rouge, Louisiana. Located at 10296 and 10334 S Choctaw Dr, 70815, this stabilized portfolio offers a compelling return with a current asking price of $650,000 ($55.08/sq ft). The property features two tenants, one with a lease extending to September 2024, including a two-year renewal option with a rent increase to $4,000 per month, and the other on a month-to-month lease. Both buildings are well-maintained, boasting minimal deferred maintenance and each includes two functional roll-up doors. Leases are structured on modified gross terms, with the landlord currently covering property taxes and insurance. This presents a unique opportunity for investors seeking a stable, high-occupancy investment. The properties can be purchased together or individually, although separate purchases require resubdivision. This flexibility, coupled with the strong tenancy and minimal maintenance needs, makes this a highly attractive investment prospect in a desirable Baton Rouge location. The current monthly rent is $6,000, providing a strong cash flow for the investor.