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2129 Mill St

3,780 SF Flex Building Lake Charles, LA 70601 $309,408 CAD ($82 CAD/SF) 18% Cap Rate

Investment Highlights

  • Day Care, apx 21 parking spaces , 6 big class rooms, a storage room, and office space, kitchen with gas stove, double sink and lots of cabinets. Util

Executive Summary

Day Care, apx 21 parking spaces , 6 big class rooms, a storage room, and office space, kitchen with gas stove, double sink and lots of cabinets. Utility room has washer/dryer connections. There are 2 bathrooms each with 2 lavatories and 1 sink. Floors are vinyl and some carpet. Central air and gas heat. There are 2 water fountains in the hallway. All shelves and equipment remains at no additional cost. Their is a House on property, separated by a privacy fence that is included with the sale but is given no value

Data Room Click Here to Access

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Taxes $5,342 $1.41
Operating Expenses - -
Total Expenses $5,342 $1.41

Financial Summary (Actual - 2023)

Taxes (CAD)
Annual $5,342
Annual Per SF $1.41
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $5,342
Annual Per SF $1.41

Property Facts

Price $309,408 CAD
Price Per SF $82 CAD
Sale Type Investment
Cap Rate 18%
Sale Conditions 1031 Exchange
Property Type Flex
Property Subtype
Light Distribution
  • General Retail Daycare Centre
  • Office Office Residential
  • Office Office Live Work Unit
Building Class B
Lot Size 0.04 AC
Rentable Building Area 3,780 SF
No. Stories 1
Year Built/Renovated 1980/1990
Tenancy Single
Parking Ratio 5.56/1,000 SF
Opportunity Zone Yes

Amenities

  • 24 Hour Access
  • Fenced Lot
  • Signage
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

Utilities

  • Lighting - Halogen
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Wonderland Of Play
  • Educational Services
  • 3,780 SF
  • -
  • Full Service Gross
  • Oct 2024
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Wonderland Of Play Educational Services 3,780 SF - Full Service Gross Oct 2024

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00342769
Land Assessment
$2,670 CAD
Improvements Assessment
$43,382 CAD
Total Assessment
$46,052 CAD
Annual Taxes
$5,342 CAD ($1.41 CAD/SF)
Tax Year
2023

zoning

Zoning Code Commercial (zoned commercial)
Commercial (zoned commercial)
  • Listing ID: 33661646

  • Date on Market: 2024-10-28

  • Last Updated:

  • Address: 2129 Mill St, Lake Charles, LA 70601

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