Propel Park @ NASA MAF
Industrial
for Lease
| Catylist Listing ID: |
30773462 |
| Property Subtypes: |
Manufacturing, Warehouse/Distribution
|
| Contiguous Space: |
35,000 - 300,000 SF |
| Total Available: |
962,488 SF |
| Gross Building Area: |
1,050,000 SF |
| Lease Rate: |
$10 PSF (Annual)
|
| Base Monthly Rent: |
$135,406 - 250,000 |
| Lease Types: |
NNN |
| In Opportunity Zone? |
Yes |
| Last Updated: |
4/19/2024 |
Overview / Comments
*** Building 1 is complete and ready for occupancy - 162,000 SF still remaining ***
Propel Park is a +/- 50 acre planned industrial park located at NASA's Michoud Assembly Facility in New Orleans, Louisiana that will include over 1 million sq. ft. of new modernized industrial space. Target users include light assembly, manufacturing, distribution, and office tenants. The first phase of development will be a 260,000 sq. ft. warehouse/distribution facility. The development is planned to accommodate built-to-suits, in addition to spec buildings. Propel Park will provide a Class A product that does not currently exist in the market.
The site is positioned to withstand extreme weather, surrounded by a 19.5 foot levee and substantial onsite pumps. There is 24/7 on-site security. On-site amenities include a Fitness Center, Coast Guard Exchange, Public Affairs, Medical Clinic, Employee Assistance Program, Athletic Fields, Cafeteria, Mission Assurance, etc.
The site has been cleared and all infrastructure is in place. This is essentially the only development ready industrial site in the market.
Contact listing agent for more info.
|
| Space Available: |
162,488 SF |
| Minimum Divisible: |
35,000 SF |
| Lease Rate: |
$10 PSF (Annual)
$135,406 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
162,488 SF of space remaining in Building 1. |
| Space Subcategory: |
Warehouse/Distribution, Manufacturing |
| Date Available: |
12/1/2023 |
| Space Type: |
New |
| Space Available: |
300,000 SF |
| Minimum Divisible: |
50,000 SF |
| Lease Rate: |
$10 PSF (Annual)
$250,000 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Building 2: 300,000 SF. Construction to start Summer 2024. |
| Space Subcategory: |
Warehouse/Distribution, Manufacturing |
| Date Available: |
4/1/2025 |
| Space Type: |
New |
| Space Available: |
250,000 SF |
| Minimum Divisible: |
50,000 SF |
| Lease Rate: |
$10 PSF (Annual)
$208,333 (Monthly)
|
| Lease Type: |
NNN |
| Space Subcategory: |
Warehouse/Distribution, Manufacturing |
| Date Available: |
11/1/2022 |
| Space Type: |
New |
| Space Available: |
250,000 SF |
| Minimum Divisible: |
50,000 SF |
| Lease Rate: |
$10 PSF (Annual)
$208,333 (Monthly)
|
| Lease Type: |
NNN |
| Space Subcategory: |
Warehouse/Distribution, Manufacturing |
| Date Available: |
1/1/2026 |
| Space Type: |
New |
Additional Details
| Nearest MSA: |
New Orleans-Metairie |
| County: |
Orleans |
| Submarket/Township: |
Northshore / N.O. East |
| Tax ID/APN: |
41116930 |
| Zoning: |
HEAVY INDUSTRIAL |
| Tenancy: |
Multiple Tenants |
| Year Built: |
2023 |
| Construction/Siding: |
Concrete - Tilt up |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
836 |
23,748 |
67,128 |
| Median Age: |
37.74 |
34.26 |
32.27 |
| Households: |
341 |
8,081 |
23,790 |
|
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The information presented herein is provided as is, without warranty of any kind.
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