Metairie Office Building For Sale or Lease

Office for Sale
Also listed as Industrial
Catylist Listing ID: 30012225
Property Subtypes: Office Building
Building Size (RSF): 10,500 SF
Gross Building Area: See Agent
Sale Price: $950,000
Unit Price: $90.48 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/22/2018

Overview / Comments

Location: Centrally located in the heart of Metairie near Causeway Blvd. between W. Napoleon Ave. & the S. I-10 Service Rd.

Building: This is a 10,500 sq. ft. office building on two floors. The first floor consists of 4,182 sq. ft. of office space with a restaurant tenant in an additional 1,818 sq. ft. @ $1,800 per month, gross increasing to $2,800 per month August 1, 2018. The second floor is 4,500 sq. ft. +/- of office space that is currently available for occupancy to a buyer or tenant or may be divided into multiple suites. This two-story walk-up office building has a concrete aggregate façade with concrete panels on two sides and a metal wall in the rear. The property is ideally suited to a buyer that could use a large portion of the property as there are no long term leases in place.

Available Space
For Lease: First Floor: 546 usable sq. ft. with the balance of the office suites on short term agreements.
Second Floor: 3,547 usable sq. ft. with suites from 2,805 sq. ft. or smaller. (floor plan available)

Rental Rate: $15.50/sq. ft., gross with a 13% common area factor. The rental rate excludes janitorial service.

Land Area: 18,230 sq. ft. lot designated as 238- A which is a 75’ x 163’ lot fronting N. Hullen combined with a rear parking lot at 50’ x 120’ accessible from Athania Parkway. (survey available)

Zoning: BC-2, (Business Core District–2)

Parking: 32 Spaces

Asking Price: $950,000.00

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Airport-Metairie-Kenner
Tax ID/APN: JP-39789

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,885 150,803 341,750
Median Age: 40.92 40.85 39.14
Households: 13,071 67,204 146,371


Photograph of Listing Agent

A Benjamin Derbes

Max J Derbes Inc New Orleans, LA 70123-3229
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.