10296 Choctaw Dr Baton Rouge, LA 70815

Property Details for 10296 Choctaw Dr

Lot size

0.37 lot acres

Property size

11,800 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

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.