West Jeff Medical Investment on Wichers Drive

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30785656
Property Subtypes: Medical, Office Building
Building Size (RSF): 7,000 SF
Gross Building Area: See Agent
Sale Price: $950,000
Unit Price: $135.71 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/20/2024

Overview / Comments

A Strong Credit National Tenant has leased the ground floor (3,500+/- SqFt) on a long-term basis starting August 1, 2023. This income alone makes this an attractive investment deal. Contact me for further details on the new lease.

The 2nd floor is available for additional revenue upside, or buyer use.

Excessive parking in three separate parking areas.

Well located near West Jeff Hospital on burgeoning Wichers Drive corridor.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Outer Jefferson Parish
Tax ID/APN: 101187
Zoning: C-1; NEIGHBORHOOD COMMERCIAL
Number of Stories: 2
Typical SF / Floor: 3,125 SF
Roof Type: Mansard
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Three separate concrete-paved parking areas included.
Passenger Elevators: 1
Interior Description: Five central HVAC units service the building.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,674 128,229 293,353
Median Age: 42.86 37.07 35.85
Households: 5,019 50,896 115,182

Contact

Photograph of Listing Agent

Randy Argote

Don Randon Real Estate, Inc.
New Orleans, LA
LACDB Member
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