Catylist ID: #29997690
ONE STORY OFFICE/TRAINING FACILITY
Office for Sale
|Catylist Listing ID:||29997690|
|Property Subtypes:||Business Park, High-Tech, Medical, Office Building|
|Building Size (RSF):||27,900 SF|
|Gross Land Area:||3.50 Acres|
|Unit Price:||$91.40 PSF|
|Property Use Type:||Net Leased Investment (NNN), Investment, Vacant/Owner-User|
|Building Name:||Former ITT Building|
|Class of Space:||Class A|
|Sale Terms:||Cash to Seller|
Overview / Comments
Amazing opportunity for an Owner/User who wants a modern, one story office building in the finest business park setting in metro New Orleans, James Business Park.
All one story, brick construction. Over 200 paved parking spots. Campus like setting with outdoor space, back patio, and fully landscaped. It was custom built for ITT Tech Center and is about 40% office/admin area and about 60% open layout for large classrooms.
There is an over-supply of HVAC tonnage due to the prior high-density use.
The building could be used for office/administrative uses, as a call center, data center, etc. There is nothing in the city like it in terms of being a modern one story building with a ton of land/paved parking that can run 24/7. ITT completed a $250,000 renovation of the interiors in mid 2016.
Priced at half of estimated reproduction cost value. Furniture may be included for the right credit tenant or buyer.
Richard Juge is a part-owner/agent. BONUS COMMISSION IF SOLD IN '18
Attachments & Media
|Nearest MSA:||New Orleans-Metairie|
|Submarket/Township:||St Charles Parish|
|Property Located Between:||I-310 and Airport Service Rd.|
|Highway Access:||US 61|
|Site Description:||3.5 acre lot, mostly paved and landscaped in accordance with business park standards.|
|Area Description:||James Business Park, the only business park of its kind in metro New Orleans.|
|Total Number of Buildings:||1|
|Number of Stories:||1|
|Parking Ratio:||140 (per 1000 SF)|
|Parking Description:||The best parking ratio in the city!|
|Total Parking Spaces:||201|
|Proximity:||1 mile||3 miles||5 miles|
Richard E JugeRE/MAX Commercial Brokers Inc Metairie, LA 70002
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