Catylist ID:
#30841107
For Sale or Ground Lease: 3529 N. I-10 Service Rd.
Office
for Sale
Catylist Listing ID: | 30841107 |
Property Subtypes: | Office Building |
Building Size (RSF): | 19,735 SF |
Gross Building Area: | See Agent |
Gross Land Area: | 2.17 - 4.37 Acres |
Sale Price: | $6,200,000 - 12,400,000 |
Unit Price: | $314.16 - 628.33 PSF |
Property Use Type: | Investment, Vacant/Owner-User |
Building Name: | Enterprise Rental Car |
Class of Space: | Class B |
Sale Terms: | Cash to Seller |
Cap Rate: | Undisclosed |
Last Updated: | 3/12/2024 |
Overview / Comments
A once in a generational opportunity to Purchase or Ground Lease a combined 4.37 acre site in the heart of Metairie, Louisiana. Direct Interstate 10 visibility! The owners will consider offers on the entire site or Parcels A and B separately. The 3 story office building situated on Parcel A is currently known as the Crutcher–Tufts Building and contains 30,114 square feet of leasable space. The 1st and 2nd floors are leased to 3 tenants (Enterprise Corporate Office, Stanley Security and State Farm). The 3rd floor is currently vacant. The building on Parcel B is 100% leased to Enterprise for their car rental and sales facility. The leases in both buildings have provision allowing the owner to cancel the leases with either a 6-month or 12-month notice. This is a perfect redevelopment opportunity with income in place. The zoning will allow for multi-family, hotel, office, retail or medical uses. Copies of leases, surveys, income statements, tax records, floor plans, Phase I environmental reports, etc. are available for review upon signing a Confidentiality Agreement. The owners will consider an outright sale of the properties as well as a long-term lease with an option to purchase. |
Attachments & Media
Additional Details
Nearest MSA: | New Orleans-Metairie |
County: | Jefferson |
Submarket/Township: | Airport-Metairie-Kenner |
Tax ID/APN: | 0820004567|1 |
Highway Access: | Service Road to Interstate 10 is directly in front of building. |
Site Description: | Once in a Generation redevelopment opportunity in an area where there are few, if any, large parcels available EXTREMELY VALUABLE VISIBILITY as property faces the busy Interstate 10 with high volumes of daily cars passing by Two existing office buildings with leases in place, but cancelable by owner, for income support while new development takes shape ZONED BC-2 which allows for full development potential as MULTI-FAMILY, HOTEL, OFFICE, RETAIL, or MEDICAL |
Total Number of Buildings: | 1 |
Number of Stories: | 1 |
Roof Type: | Flat |
Parking Description: | Parking in area on front and rear of property. |
Heat Source: | Central |
Air Conditioning: | Package Unit |
Water Service: | Municipal |
Sewer Type: | Municipal |
Demographic Statistics
Proximity: | 1 mile | 3 miles | 5 miles |
---|---|---|---|
Total Population: | 31,401 | 143,259 | 324,543 |
Median Age: | 39.48 | 41.16 | 39.12 |
Households: | 14,396 | 63,686 | 137,739 |
Contact
© Copyright 2024 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Moody's assume any liability for errors or omissions. |