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

View FullscreenMap

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


Photograph of Listing Agent

David Pesses

Coldwell Banker Commercial TEC Realtors New Orleans, LA 70115
LACDB Member
© Copyright 2001-2023 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.