4011 La-59, Mandeville, LA 70471

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Bryan D.

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Building Details:

• Year Built: 2005

4011 La-59 is aretail property for lease in Mandeville, LA.

This Four (4) Bay strip center is ideal for investment and is 100% Leased as of September 2,2015
As of September 2, 2015, all Four (4) bays are leased, and the last was leased by Two (2) attorneys on a multiple year lease.
Gross Income: $57,984.00
Operating Expenses: $12,043.00
Net Operating Income: $45,941.00

Seller will carry all but ($59,500.00) dollars or Ten (10%) percent of the loan.
Interest rate seller currently pays is 6.4%, but will offer to buyer 5.5% Interest,
with 240 payments amortized, and a 36 month carry, with NO PREPAYMENT PENALTY to refinance or payoff balance of mortgage.

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