Office
Under Contract

One American Place

301 Main St, Baton Rouge, LA, 70801-1919, US

Executive Summarydownload
One American Place_Property for Sale

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One American Place 2_Property for Sale

Asset description

One American Place is an 83.2% occupied, 332,713 square foot, institutionally owned and operated Class A Office Building strategically positioned in Downtown Baton Rouge, LA. Built in 1974 and renovated in 2003, the building is one of only six Class A office buildings in the CBD and boasts unmatched visibility as the tallest office building in the city.

Attributes

Building area Net
332,713 sf
Occupancy
83.00%
Year built
1974
Land area Net
2.31 acres (100,624 sf)

Investment highlights

  • At 24 Stories Tall, One American Place is the Tallest and Most Recognizable Office Building in the Baton Rouge Market
  • Value-Add Opportunity with Significant In-Place Cash Flow at 83% Leased
  • 47% of Tenancy are Law Firms of Varying Size with the Remainder of the Building Leased to a Wide Variety of Business Service Providers
  • Law Firm Tenants have Proven to be Extremely Sticky at this Location with an Average Weighted Tenure at the Property of 19 Years
  • Opportunity to Redevelop the Ground Floor Capital One Space via Tenant Lease Buy-Out
  • Dedicated Tenant Base with over 15 Years of Weighted Average Tenure
  • Top Quality Asset in the Baton Rouge Market with Minimal Competitive Class A Product
One American Place 4_Property for Sale
One American Place 4_Property for Sale

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Last updated
Oct 18, 2021