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Property profile & analytics
FOR SALE
Commercial real estate

10604 Coursey Blvd Baton Rouge, LA 70816

5,700 SF Built 2006
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US36-0015803
Property summary
AI-generated overview

This exceptional Class A executive office building, located at 10604 Coursey Blvd in Baton Rouge, Louisiana, presents a compelling investment opportunity. The property encompasses 5,600 square feet and is 100% occupied by Avita Pharmacy, a multi-location, multi-state tenant, under a modified lease. Avita Pharmacy has been a reliable tenant since 2016, and recently exercised a renewal option extending their lease through March 30, 2028. The lease includes a built-in rent increase commencing in 2025, providing predictable income growth. Strategically situated within the Investar Tower office park, directly behind Coursey Medical Plaza, this property benefits from excellent visibility and accessibility. Enjoy convenient access to major transportation arteries, with approximately a 2-minute drive to Airline Highway and a 4-minute drive to I-12. The asking price for this fully-leased, single-tenant investment is $1,100,501. Detailed financial information, including rent rolls, income, and expense data, is available upon request. This is a rare opportunity to acquire a stable, high-performing asset in a desirable Baton Rouge location. The property is in East Baton Rouge Parish, zip code 70816.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL CONDOMINUIM
Year built 2006
Total area 5,700 SF
APN 2485958
UPID US36-0015803
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • RentHouse Real Estate Agency
  • Colorado Professional Resources Employment Agency
  • Apex Constructors Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$820k
Comparable Approach Comparable
$920k
Blend (final) Blend
$830k
Owner & transaction history
Copeland Property Invs LLC · 10 yrs held
Copeland Property Invs LLC
since 2016
6 recorded transactions
2016
$798,000
2011
Price N/A
2008
Price N/A
2007
$1.5M
2007
$937,500
2007
$369,762
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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