Guaranty Bank / Capital One Building

Located in Downtown Alexandria, LA.Beau Box Commercial Real Estate is pleased to present the opportunity to acquire the Guaranty Bank / Capital One Building located in Downtown Alexandria, LA. The offering consists of a 10-story 70,855 SF (65,211 RSF) office building, rear surface parking lot (20 spaces), and a nearby 3-story parking garage and surface lot (44 spaces), which can be purchased separately (contact for pricing) or in conjunction with the office asset. The Building was originally constructed in 1921 as the tallest building in Central Louisiana and retains the title today. Historically, the Building has been occupied by bank tenants (Guaranty and later Capital One) with the upper floors leased to a variety of professional tenants. Today, the Building is offered vacant, presenting a prime opportunity for rehab or redevelopment. The Building is located in Downtown Alexandria, the heart of the Central Louisiana community. The CBD zoning presents great potential for redevelopment as the classification supports a diverse set of land uses, including office, mixed-use / upper-story residential, multifamily, hotel, and retail. On average, the Building floor plates measure approximately 5,500 SF, ideal for a conversion opportunity. Ownership has prepared sample plans for upper-floor multifamily conversion. The site sits within the Downtown Alexandria Commercial Historic District, presenting a potential opportunity for both Federal (20%) and Louisiana (25%) historic tax credits, which can be stacked. The site is also within an Opportunity Zone, offering potential deferral of tax on capital gains. With its redevelopment potential and available financial incentives, the Guaranty Bank / Capital One Building is a rare investment opportunity in a historic Louisiana district.