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Office

SSA of Baton Rouge

4332 Harding Blvd, Baton Rouge, LA 70807

Listing Price: $2,020,000

Cap Rate
7.39%
Gross SF
9,279
Rentable SF
9,279
Price/Gross SF
$217.70
Lot Size
0.95 acres
Year Built
1998

Investment Overview

Marcus & Millichap is pleased to present this fee simple ownership interest in 4332 Harding Boulevard in Baton Rouge, Louisiana. The subject property is occupied by the General Service Administration (GSA). General Service Administration (GSA) operates under a full-service gross lease and is guaranteed by the United States of America, which has a credit rating of AA+ from S&P. The Social Security Administration executed a brand new 10-year lease in 2017 giving the term just under six years remaining. GSA has shown long-term commitment to the site, with one of the highest possible renewal probabilities in the commercial real estate industry. The facility was a built-to-suit for SSA in 1998 and is designed and developed according to the strict standards and specific requirements of the U.S. Federal Government. The subject property is comprised of 9,279-square feet. The location in North Baton Rouge benefits from excellent accessibility, with immediate proximity to Interstate 110 (47,600 VPD), State Road 190 (25,000 VPD) and Plank Road (32,400 VPD). The site is also located just 7 miles from downtown Baton Rouge, 0.2 miles from the Baton Rouge Metropolitan Airport, and 9 miles from Louisiana State University (LSU). LSU is one of the dominant attractions to the city of Baton Rouge who broke a fall enrollment record with over 7,000 freshmen bringing the total enrollment to 35,914. This property offers investors the opportunity to acquire a federal government leased building with just under six years of lease term remaining.

Investment Highlights

  • Guaranteed by United States of America - Favorable S&P AA+- Credit Rating
  • Just Under Six Years of Lease Term Remaining
  • One of the highest possible renewal probabilities in the commercial real estate industry

Exclusively Listed By

Office

SSA of Baton Rouge

Listing Price: $2,020,000

Cap Rate
7.39%
Gross SF
9,279
Rentable SF
9,279
Price/Gross SF
$217.70
Lot Size
0.95 acres
Year Built
1998

Investment Highlights

  • Guaranteed by United States of America - Favorable S&P AA+- Credit Rating
  • Just Under Six Years of Lease Term Remaining
  • One of the highest possible renewal probabilities in the commercial real estate industry

Investment Overview

Marcus & Millichap is pleased to present this fee simple ownership interest in 4332 Harding Boulevard in Baton Rouge, Louisiana. The subject property is occupied by the General Service Administration (GSA). General Service Administration (GSA) operates under a full-service gross lease and is guaranteed by the United States of America, which has a credit rating of AA+ from S&P. The Social Security Administration executed a brand new 10-year lease in 2017 giving the term just under six years remaining. GSA has shown long-term commitment to the site, with one of the highest possible renewal probabilities in the commercial real estate industry. The facility was a built-to-suit for SSA in 1998 and is designed and developed according to the strict standards and specific requirements of the U.S. Federal Government. The subject property is comprised of 9,279-square feet. The location in North Baton Rouge benefits from excellent accessibility, with immediate proximity to Interstate 110 (47,600 VPD), State Road 190 (25,000 VPD) and Plank Road (32,400 VPD). The site is also located just 7 miles from downtown Baton Rouge, 0.2 miles from the Baton Rouge Metropolitan Airport, and 9 miles from Louisiana State University (LSU). LSU is one of the dominant attractions to the city of Baton Rouge who broke a fall enrollment record with over 7,000 freshmen bringing the total enrollment to 35,914. This property offers investors the opportunity to acquire a federal government leased building with just under six years of lease term remaining.

Exclusively Listed By

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