Catylist ID: #30507783
Investment Sale - 100% Leased Office and Storage Building
Office for SaleAlso listed as Industrial
|Catylist Listing ID:||30507783|
|Property Subtypes:||Office Building|
|Building Size (RSF):||8,000 SF|
|Gross Building Area:||See Agent|
|Unit Price:||$68.75 PSF|
|Property Use Type:||Net Leased Investment (NNN), Investment|
|Class of Space:||Class C|
|Sale Terms:||Cash to Seller|
Overview / Comments
Located behind Elmwood Center, in the first block of Powell Street near corner of Elmwood Park Blvd; backs up to AMC Palace Theater parking lot.
8,000 square feet (40’ x 100’) on two floors, configured for use for up to six tenants: four inner-connected office suites up and two office/storage suites down, situated on a 12,524 SF lot (62’ x 202’), zoned M-1 (light industrial).
Walk up access via front and rear stairs. Construction is steel frame, concrete block and metal walls, brick façade, metal roof. Each suite separately metered for electrical with independent HVAC systems.
Post IDA repairs and upgrades to façade and replacement of HVAC units
Building is presently at 100% occupancy, leased to four tenants. Leases currently generate $74,400 annually.
Sixteen off-street spaces: four in front and twelve in the paved and fenced rear lot.
$550,000 ($68.75 PSF)
Attachments & Media
|Nearest MSA:||New Orleans-Metairie|
|Proximity:||1 mile||3 miles||5 miles|
Keith G HenryMax J Derbes Inc New Orleans, LA 70123-3229
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