What is the asking price for Globalstar Headquarters For Sale?

The lease rate for space here is Contact for pricing.

What type of property tenancy can you find at Globalstar Headquarters For Sale?

This property is listed as Single Tenant.

What is the total size of Globalstar Headquarters For Sale?

The property has a total square footage of 66,000 SF.

When was this property built?

Globalstar Headquarters For Sale was built in 2018.

How many parking spaces are available at Globalstar Headquarters For Sale?

The property features 253 parking spaces, resulting in a parking ratio of 3.83 / 1,000 SF.

1351 Holiday Square Boulevard, Covington, LA 70433

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 Apr 18, 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