661 River Highlands Office Bldg - Income Producing

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30294146
Property Subtypes: Business Park, Mixed Use, Office Building
Building Size (RSF): 4,269 SF
Gross Building Area: See Agent
Sale Price: $683,040
Unit Price: $160 PSF
Ceiling: 10 ft.
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/26/2020

Overview / Comments

Income-producing property! Own a building in the Offices at River Highlands, a high-end professional office park designed for 12 contemporary office condos. River Highlands is a mixed-use retail/office development that is situated along U.S. Hwy 190 behind the Chrysler Jeep dealership. The park is minutes from downtown Covington and the St. Tammany Parish Courthouse and 1.2 miles north of Interstate-12. The condo is subdivided into a 1,428 sq. ft. space, which is currently leased, and a 2,841 sq. ft. office. The building has separate HVAC units for each side.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Tax ID/APN: 80533
Property Visibility: Good
Highway Access: U.S. Highway 190
Area Description: Located in a mixed-use retail and office development
Total Number of Buildings: 9
Number of Stories: 1
Typical SF / Floor: 4,269 SF
Year Built: 2006
Roof Type: Arched
Construction/Siding: Brick, Stucco
Parking Type: Surface
Total Parking Spaces: 156
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Part of Planned Development?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,757 30,479 65,829
Median Age: 41.77 39.34 40.32
Households: 1,392 11,868 25,049


Photograph of Listing Agent

Lee DelaHoussaye

Stirling Properties Covington/Corporate Covington, LA 70433-5093
Not a member of MCAR
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