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Single tenant office investment property located in Baton Rouge, Louisiana. Situated in Mid City, Baton Rouge's re-emerging retail and office corridor. The building is home to national care provider ResCare. Tenant signed a five (5) year lease in August 2016 with primary term remaining through July 31, 2021. Landlord pays real estate taxes and property insurance. Landlord maintains the roof / structure and is responsible for replacement of H/VAC systems. Tenant is responsible for dumpster, lawn and landscaping, repairs and maintenance, including H/VAC maintenance.
As the largest diversified health and human services provider in the U.S., ResCare is the largest private provider of services to people with disabilities, the largest privately-owned home care company, the largest provider of specialized high-acuity neuro-rehab in community settings and the largest career center workforce contractor in the U.S.
ResCare has two (2) options to renew within the lease agreement, each for a period of two (2) years. Owner will consider owner/financing the property to a qualified investor.
Month | Payment | Principal | Interest | Total Interest | Balance |
---|---|---|---|---|---|
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.
Total Population | 9,470 | 76,730 | 213,317 | |
Population Median Age | 37 | 38 | 37 | |
Population by Age | 0-9 Yrs | 1659 (17%) | 10076 (13%) | 28158 (13%) |
10-19 Yrs | 953 (10%) | 8898 (11%) | 27964 (13%) | |
20-29 Yrs | 1287 (13%) | 12538 (16%) | 40199 (18%) | |
30-39 Yrs | 1525 (16%) | 11350 (14%) | 28589 (13%) | |
40-49 Yrs | 898 (9%) | 8396 (10%) | 21611 (10%) | |
50-59 Yrs | 953 (10%) | 8866 (11%) | 23704 (11%) | |
60-69 Yrs | 1037 (10%) | 8700 (11%) | 22927 (10%) | |
70+ Yrs | 1157 (12%) | 7907 (10%) | 20165 (9%) | |
Median HH Income | $34,827 | $46,482 | $46,579 | |
Total Household Income | < 24K | 1450 (36%) | 9080 (29%) | 23795 (29%) |
25-49K | 934 (23%) | 7275 (23%) | 19190 (23%) | |
50-74K | 400 (10%) | 4425 (14%) | 13151 (16%) | |
75-99K | 310 (7%) | 3344 (10%) | 7783 (9%) | |
100-199K | 603 (15%) | 5057 (16%) | 13030 (16%) | |
200K+ | 237 (6%) | 1718 (5%) | 4414 (5%) | |
Highest Education Level | No Diploma | 1036 | 5595 | 15747 |
Diploma or GED | 1525 | 13593 | 37401 | |
Some College | 1392 | 11623 | 30703 | |
Assoc. Degree | 285 | 2249 | 6152 | |
Bachelors Degree | 1159 | 11144 | 26695 | |
Higher Degree | 920 | 6683 | 17721 | |
Total Housing Units | 4,675 | 36,491 | 97,855 | |
--Owner-Occupied | 1,533 | 15,968 | 41,344 | |
--Renter-Occupied | 2,400 | 14,931 | 40,019 | |
Owner-Occupied Values | < 100K | 154 | 3838 | 9447 |
100-199K | 445 | 5290 | 14616 | |
200-299K | 299 | 3119 | 9075 | |
300-399K | 206 | 1447 | 3387 | |
400-499K | 119 | 736 | 1586 | |
500K+ | 310 | 1537 | 3233 | |
Total Working Age Population | 7,269 | 61,459 | 171,151 | |
In Work Force | 4,470 | 40,644 | 111,046 | |
Not In Work Force | 2,798 | 20,815 | 60,105 | |
Workforce Employed | 4,062 | 37,603 | 101,746 | |
Workforce Unemployed | 402 | 3,030 | 9,242 | |
Civlian Workforce | 4,464 | 40,633 | 110,988 | |
Military Workforce | 6 | 11 | 58 | |
Total Households | 3,933 | 30,899 | 81,363 | |
Family Households | 2,000 | 16,594 | 43,458 | |
Non-Family Households | 1,933 | 14,305 | 37,905 | |
Married Couple | 1,080 | 9,425 | 24,871 | |
Other Family | 920 | 7,169 | 18,586 | |
Married w/Child | 420 | 3,154 | 8,493 | |
Single Male w/Child | 60 | 508 | 1,386 | |
Single Female w/Child | 537 | 3,170 | 7,438 |
Population Change Last Two Decades - Plus Projection
2000 | % | 2010 | % | 2020 | % | 2030 | |
---|---|---|---|---|---|---|---|
Louisiana | 4,468,976 | +1 | 4,533,372 | +1 | 4,588,310 | +5 | 4,813,420 |
East Baton Rouge Parish | 412,852 | +7 | 440,171 | -3 | 426,380 | -1 | 421,500 |
Iberville Parish | 33,320 | 0 | 33,387 | -17 | 27,830 | -11 | 24,640 |
St. Martin Parish | 48,583 | +7 | 52,160 | +6 | 55,520 | +3 | 57,000 |
West Baton Rouge Parish | 21,601 | +10 | 23,788 | -7 | 22,220 | -5 | 21,070 |