161 Richland Place – Renovated Office/Flex Facility

Investment Overview

Turnkey Office Headquarters with Flex, Service and Operational Capabilities 161 Richland Place offers approximately 8,283 SF of extensively renovated office space on 1.23± acres in the growing Sterlington market just off US Highway 165. Originally constructed for retail use, the property was substantially renovated and converted into a modern office facility following its 2024 acquisition. There have been over $1 million invested in renovations, resulting in an effective building age significantly newer than its original construction date. The building consist of a One executive office with restroom, 9 private offices, 36 cubicles, reception area, conference room, breakroom, and kitchen. The property combines polished office space with features that are difficult to find in a conventional office building. In addition to the renovated interior, the site includes two overhead doors, two truck wells, covered loading/service areas, paved parking and approximately 280 linear feet of chain-link fencing, creating an opportunity for businesses that need office, administrative and operational functions at one location. This combination makes the property particularly attractive for a corporate headquarters, regional office, telecommunications or technology company, engineering firm, utility or infrastructure company, contractor, service business, medical or professional office, training center, government operation, or other owner-user requiring both quality office space and functional support areas. The approximately 1.23-acre site provides 160± feet of frontage along Richland Place and convenient access to nearby US Highway 165. Commercial zoning allows for a broad range of potential commercial uses, subject to applicable regulations and approvals. For an owner-user seeking a move-in-ready headquarters facility, 161 Richland Place offers the opportunity to acquire a substantially renovated property without undertaking the cost, time and uncertainty associated with a major office buildout.

Investment Highlights

• Convenient access to US Highway 165
• Strong owner-user / corporate headquarters opportunity
• Potential office/flex or office/service-business configuration
• Extensively renovated and converted to office use
• Approximately $1 million in reported renovations
• Substantially renovated facility minimizes near-term buildout requirements
• Combination of executive-quality office and operational functionality
• Loading capability uncommon among traditional office properties
• Secure/fenced portions of the site
• Ability to accommodate office, training, administrative and service functions under one roof
• Replacement-cost advantage compared with building a similar facility from the ground up
• Executive Office with restroom; 9 private offices; 36 Cubicles
• Overhead doors
• Tractor trailer well; Box truck well