3600 Jackson St Alexandria, LA 71303

Property Details for 3600 Jackson St

Lot size

1.96 lot acres

Property size

40,945 SF

Property type

Commercial real estate

Description

This exceptional Alexandria, LA investment opportunity presents a 40,945 square foot, two-story Class B office building situated on a 1.96-acre lot at 3600 Jackson Street. The property, recently renovated in 2023, features 29 tenants in a multi-tenant configuration with an 86.65% occupancy rate, generating a current NOI of $271,678 and a pro-forma NOI of $321,178. The building boasts 190 parking spaces and offers a gross lease structure. The asking price is $2,900,000, representing a current cap rate of 9.37% and a pro-forma cap rate of 11.08%. The 31,957 square feet of net rentable space is priced at $70.83 per square foot. The property is zoned COMMERCIAL and benefits from recent renovations including new HVAC systems, remodeled restrooms, fresh interior and exterior paint, and attractive landscaping. Its prime location provides convenient access to major highways, shopping, and public transportation, ensuring high visibility and foot traffic. Rent bumps are in place, further enhancing the investment potential. This stabilized investment, with its strong tenant base and potential for increased revenue, presents a compelling opportunity for investors seeking a high-performing asset in a desirable location. The property is for sale by owner.