29,563 sf Class A Office Building

Office for Sale
Catylist Listing ID: 30182511
Property Subtypes: Governmental, High-Tech, Medical, Office Building
Building Size (RSF): 21,563 SF
Sale Price: $4,100,000
Unit Price: $190.14 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Former Northrop Building
Class of Space: Class A
Usable Size (USF): 21,563 SF
Sale Terms: Cash to Seller
Cap Rate: 8.6%
Last Updated: 6/24/2019

Overview / Comments

21,563 sf Class A Office Building formerly occupied by Northrop Grumman Corporation. Upscale office space 3/4th occupied by medical users all with new leases in place. One space left to lease out at 4,117 sq ft. Owner is offering a $25 psf build out allowance to make space suitable for new Tenant.

This building is conveniently located just 1/2 mile from I-10 and sits behind Iberia Bank.

Call agent for more details.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 10,000 SF
Parking Type: Surface
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,726 50,157 72,656
Median Age: 39.27 37.57 38.09
Households: 3,872 18,242 26,676


Photograph of Listing Agent

Tiffany Lynn McMath

Meredith, Escher, McMath Real Estate Mandeville, LA 70471
LACDB Member
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