- For Sale $21,500,000
- Property Type Office - General Office
- Property Size 66,000 SF
- Lot Size 4.35 Acre
- Parking Spaces Avail. 253
- Parking Ratio 3.83 / 1,000 SF
- Property Tenancy Single Tenant
- Building Class A
- Year Built 2018
- Date Updated Jun 15, 2026
Description
Located in Covington, Louisiana, within a premier Northshore business corridor, this property offers excellent access to a major regional market just 41 miles from New Orleans. The area is supported by strong surrounding demographics, including above-average household incomes and home values, making it an attractive location for businesses and professionals alike. Tenants benefit from an ideal balance of a high-quality professional environment, convenient accessibility, and the desirable quality of life the Northshore is known for.Opportunity to acquire the Globalstar (NASDAQ: GSAT) Headquarters in Covington, Louisiana. This Class A, three-story office building, constructed in 2018, is situated on 4.35 acres. The tenant currently occupies the first and second floors, with a lease in place for the entire building. The third floor remains in shell condition, providing an excellent opportunity for custom build-out and future expansion for an owner-occupant.
Highlights
- 10-Year Initial Lease Term: February 1, 2019 – January 31, 2029
- Globalstar Willing to Extend Beyond its Current Lease Term for the Majority of its Current Occupied Footprint
- Owner Occupant Opportunity to Purchase the Building & Occupy the Third Floor
- Single-Tenant Lease with Globalstar, Inc., a Publicly Traded Satellite Communications Company
- Tenant Occupies 100% of the 66,000 SF Building as Corporate Headquarters
- Tenant Responsible for Taxes, Insurance, Utilities, Maintenance, and all Operating Costs
- Third Floor Shell Space can be Configured for Multiple Tenants
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Contacts
Bill Sanders, SIOR, CCIM
Lee & Associates
Location
Contact Listing Broker
Bill Sanders, SIOR, CCIM
Lee & Associates
