2399 Ferrand Street $1,525,000

Investor Opportunity! Monthly income AND ability to grow! Fully-occupied 8-Suite Business Center (8% CAP Rate!) plus 2 adjacent lots just off Tower Dr/Armand-Connector. The Business Center was built to provide inexpensive, ready-to-go suites that provide a mix of industrial and high-end office space. Each suite has 800 SF of warehouse/storage space equipped with 12' roll-up doors and 14' ceilings as well as 200 SF of office space with 1 handicapped-accessible restroom. Contact listing agent for rent roll and financial information. Adjacent lots are perfectly sized for most professional offices, retail, medical, dental or restaurant end-uses. Centrally located with close proximity to Monroe's business, medical, financial and university corridors. Excellent visibility and ease of access from Armand-Connector/Ferrand Street to Hwy 165/Sterlington Rd and I-20. Lot 1 offers .73 AC fronting Armand Connector priced at $9.95 PSF. Lot 2 offers .92 AC fronting Ferrand Street priced at $8.50 PSF. Total Available: 1.65 AC. Not in a Flood Zone. Restrictions per B-2 Neighborhood Business District. All utilities available to site.

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