Investment Overview
Ogden Market Shopping Center is a multi-tenant, retail center that consist of 1.316 acres improved with a retail center totaling 25,929 square feet. Ogden Market is located in the heart of Baton Rouge's Mid City between Bedford Dr. and Hearthstone Dr. fronting Government St. The center is positioned across the street from Catholic High School and surrounded by several established Baton Rouge restaurants and emerging concepts.
The center is currently 87% occupied, creating an opportunity for NOI appreciation upon leasing the vacant suite. The Pro Forma NOI is estimated to be $262,043.48 and the current NOI is $219,119.58. Tenant mix includes The Radio Bar, Simple Joe's Cafe, Time Warp Boutique, H&R Block, Advance America Cash Advance, & Red Stick CrossFit. Ogden Market is predominantly occupied by long term Tenants. There is currently one vacant 2,606 square foot suite being offered for lease.
Investment Highlights
- Ogden Market Shopping Center
- C-1 & C-AB-2 Zoning
- Multi-Tenant Center, currently 87% Occupied
- Located in the heart of Baton Rouge's Mid City
- Flood Zone X, Does not require flood insurance