BATON ROUGE INVESTMENT PROPERTY SOLD
A two-story, 6,100-square-foot office building at 9542 Brookline
Ave. containing six suites has sold for $282,000, or about $46 per
square foot. Justin Langlois with
Mike Falgoust & Associates brokered the deal,
which closed Jan. 13. At the time of the sale, the property was
about 50% occupied. "Even with the 50% occupancy, the property
generated a reasonable rate of return. When the property is fully
occupied, it will generate an excellent rate of return," Langlois
says.
Mike Falgoust & Associates - facebook