Live Oak Shopping Center In Baton Rouge Sold For $1.1M To Live Oak Shopping Center, LLC
4065 Florida Boulevard
$1,100,000
$55/SF
Building Size
20,000 SF
Asset Type
Retail
Closing
Aug 30, 2023
About this deal
AI
The Live Oak Shopping Center on Florida Boulevard in Baton Rouge has been sold for $1.1 million. The property, with an area of 20,000 square feet, is a retail space housing multiple stores, including Da Hair Connect, Rent-A-Center, and B.R. Mattress Company.
Summary of transaction details
- Property Type: Retail
- Sale Price: $1,100,000
- Square Footage: 20,000
- Address: 4065 Florida Boulevard
- Market: Baton Rouge
The buyer of the Live Oak Shopping Center is Live Oak Shopping Center, LLC, a company based in Belle Rose. The transaction was completed on August 30, 2023. Foan Muthana and Hafez Mohsin represent Live Oak Shopping Center, LLC in this deal.
Players
Baton Rouge Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93