Halle Properties LLC Acquires Retail Property On Bluebonnet Boulevard For $2.7M
SOLD
$2,700,000
Louisiana
See Similar DealsRetail10,227 SF
Sold 02/12/2022
SOLD
Halle Properties LLC Acquires Retail Property On Bluebonnet Boulevard For $2.7M
6551 Bluebonnet Boulevard
See Similar DealsRetail10,227 SF
Sold 02/12/2022
Summary
LOUISIANA
Asset Type:Retail
Price Per Square Foot:$264
Total Square Footage:10,227 SF
Transaction Type:Sale
A retail property located at 6551 Bluebonnet Boulevard in Baton Rouge, LA, has been sold for $2,700,000. The property spans 10,227 square feet, resulting in a price per square foot of $264. The transaction took place between the buyer, Halle Properties LLC, and the seller, TF Baton Rouge LA Two LLC.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,700,000
- Address: 6551 Bluebonnet Boulevard, Baton Rouge, LA
- Market: Baton Rouge, LA
- Buyer: Halle Properties LLC
- Seller: TF Baton Rouge LA Two LLC
- Brokers: Kirsten Early & Stephanie Hilferty - SRSA Commercial Real Estate
- Square Feet: 10,227
- Price Per Square Foot: $264
Kirsten Early & Stephanie Hilferty from SRSA Commercial Real Estate represented both the buyer and seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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