The Dean Tower is a 14-story Class B office building in Baton Rouge's Mid-City corridor. Currently 63% occupied, the building provides approximately 86,000+/- gross square feet and is located at the intersection of Cloud Dr. and Florida Blvd.
Details
The building is situated on a site containing 2.59+/- acres and provides 247+/- parking spaces.
The property was originally constructed in 1966 with a bank branch on the first floor, and the upper floors served as multi-tenant office space. The bank space has been reconfigured to general office use. The building lobby was remodeled in 1998 with marble floors and high quality wood finishes. Floors 2-13 are partitioned office space, with offices located around the perimeter of the respective floors, a central elevator, stairwell, restrooms, mechanical area, and hallways in the center. The 14th floor has been remodeled to provide a spacious office floor plan.
Exterior walls are brick veneer on the first floor and precast concrete on the upper floors. Roof type is built-up asphalt with gravel ballast. There are two passenger elevators, a fire suppressant system, and a 350 KVA emergency backup generator. Current zoning is C-2 Heavy Commercial, C-1 Light Commercial, B-1 Transitional and B off-street parking.
Area Details
Mid-City Baton Rouge has traditionally been a hub for state government agencies and companies that do direct business with the State of Louisiana. It is a thriving area due to its proximity to the CBD and its central location. The Mid-City revitalization has been fueled by the reconstruction of the former Bon Carre' Mall into a technology park and the expansion of the Baton Rouge Community College. The area has also seen a recent influx of data/call centers.
With the recent increase in Baton Rouge's population and the enormous rebuilding operation in New Orleans, it is anticipated that Baton Rouge will experience long-term growth due to an escalating demand for office space. The Dean Tower offers a unique opportunity to capitalize on the regions expected growth.
Note: A deposit of $100,000 is required to bid on this property. Please refer to the Property Information Package for instructions.
To receive the property information package, please complete, sign, and return the
confidentiality and non-reliance agreement to Williams & Williams.
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Directions From Your Location
Reference
7485-4 DF-1329-00-TW/11-2009
Broker Licences
5700 Florida Blvd Baton Rouge, LA 70806
SEE ATTACHED EXHIBIT A
5700 Florida Blvd Baton Rouge, LA 70806
BUYER ACKNOWLEDGES PROPERTY MAY BE SUBJECT TO CITY/COUNTY ZONING, USE, OR CERTIFICATE OF OCCUPANCY INSPECTIONS. BUYER IS PURCHASING THIS PROPERTY AS-IS AND BUYER ACKNOWLEDGES IT IS THEIR SOLE RESPONSIBILITY AND BUYER'S EXPENSE TO OBTAIN SAID INSPECTION PRIOR TO OCCUPANCY. SELLER AND WILLIAMS & WILLIAMS HAVE NO KNOWLEDGE OF ANY REGULATORY REQUIREMENTS OR HOW SAME MAY IMPACT BUYER'S INTENDED USE OF THE PROPERTY. BUYER ASSUMES RESPONSIBILITY FOR SATISFACTION OF ALL ZONING, USE, OR OCCUPANCY, AND ANY OTHER REGULATORY REQUIREMENTS INCLUDING ALL COSTS AND REMEDIATION THAT MAY BE NECESSARY INCLUDING BUT NOT LIMITED TO ESCROWING OF FUNDS, REPAIRS OR IMPROVEMENT UPON PROPERTY AND TO FULLY COMPLY WITH ANY CITY/COUNTY REQUIREMENTS.Each high bidder must make a 10% non-refundable deposit per property ($2,500 MINIMUM - whichever is greater) immediately following auction. Cash, cashier's checks, and personal checks (electronically processed) are accepted. If you are a resident / citizen of a country outside of the US, certified funds (bank check, wire transfer, certified checks) are required for the down payment and closing. The balance of the purchase price and all closing costs are due at closing. If for any reason Seller does not perform or accept the terms of the Contract, the sole remedy shall be the return of Buyer's deposit. Closing shall occur on or before 60 days from sellers acceptance.
LA RE LIC BROK.0995680155- DAN NELSON BROKER
AUC LIC 1272-05 THOMAS L. WILLIAMS AUCTIONEER
AUC LIC 836-05 DUSTY TAYLOR AUCTIONEER
AUC LIC 1628-06 TOMMY ASSITER II AUCTIONEER
AUC LIC 1641-07 TOMMY BARNES AUCTIONEER
AUC LIC 1704 JERRY KING AUCTIONEER
W&W AUC LIC AB-237
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