NAI Global, in conjunction with NAI Latter & Blum, is pleased to exclusively present the opportunity to acquire Live Oak Center, located in Baton Rouge, LA (the “Property”, “Center”, or “Building”), approximately 2.5 miles east of downtown Baton Rouge. The Property is a multi-tenant, retail strip center that was built in 2001 and consists of a ±1.308-acre parcel improved with a retail Building totaling 19,152 square feet, which are approximately 80% occupied.
The Property is situated on Florida Blvd. and benefits from excellent visibility to approximately 26,200 vehicles per day. Florida Blvd. is a main artery in the submarket and connects directly with Interstate 110 approximately two mile west of the Property.
The Property is 79.1% occupied by five tenants and anchored by BR Mattress Co. (5,000 SF, 26.1% of GLA) and Rent-A- Center (4,000 SF, 20.9% of GLA). Other tenants include a barbershop, a beauty supply store, and a laundromat. There are currently two vacancies, one 3,000 SF suite and a 1,000 SF suite.
Please use the below link to sign the confidentiality agreement and access due diligence.
https://www.crexi.com/properties/1048495/louisiana-live-oak-center
The Property auction date is June 5-7, 2023 and information can be found thru the link below.
https://www.ten-x.com/listing/4065-florida-blvd-baton-rouge-la-70806/28114360/
- Property Type
Retail
- Submarket
- Year Built
2001Renovated 2015
- Total Building Size
20,000RSF
- Total Acres
1.31
- Number of Floors
1
- Number of Buildings
1
- Zoning
C-1
- Last updated
Jul 25, 2023
- Property ID
1322265
