OFFICE BLDG, For Sale , REDUCED!!!!!!!

Expired Office for Sale
Catylist Listing ID: 30851481
Property Subtypes: Business Park, Executive Suites, Medical, Office Building
Building Size (RSF): 6,720 SF
Gross Building Area: See Agent
Sale Price: $1,000,000
Unit Price: $148.81 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 5.0%
Average Occupancy Rate: 90
Last Updated: 2/21/2024

Overview / Comments

This is a very nice mix active and has great visibility. There is ample parking on site and spaces all around in case of overflow. While the Cap rate is a little low there is no anticipated problem with a raise in rents to more accurately reflect today's business climate. This Owner is ready to retire and will make someone a great deal!

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Airport-Metairie-Kenner
Taxing Authority: HARAHAN
Tax ID/APN: 688ec320-964d-4402-969a-a2ceb4324765122092
Property Located Between: Close to Hickory, Dickery & Dock
Property Visibility: Excellent
Highway Access: Blocks from Earhardt Expressway, Jefferson Highway and Airline Highway
Airports: Louis Armstrong
Site Description: Two story Building recently renovated and fully occupied
Area Description: Nice mixture of residential and commercial
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1982
Year Renovated: 2022
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: Two lanes of parking more than ample space
Total Parking Spaces: 16
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Internet Access: Cable, Fiber Optic
Zoning Description: C-2
Water Service: Municipal
Sewer Type: Municipal
Legal Description: as per survey

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,157 126,750 286,775
Median Age: 42.27 40.59 40.18
Households: 6,511 54,514 119,469

Contact

Photograph of Listing Agent

David Pesses

Coldwell Banker Commercial TEC Realtors New Orleans, LA 70115
LACDB Member
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