Elmwood Office and Warehouse Space with Fenced Yard For Sale

Industrial for Sale
Catylist Listing ID: 30770897
Property Subtypes: Industrial-Business Park, Light Industrial, Office Showroom
Building Size (RSF): 24,627 SF
Gross Building Area: See Agent
Sale Price: $3,000,000
Unit Price: $121.82 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/2/2021

Overview / Comments

Free-standing 24,627 sq. ft. commercial building located in the heart of the Elmwood Business Park, a block North of Jefferson Hwy. Building is built out, has monument signage, is zoned M2, and sprinklered. Entire building is divided into two suites including a 4,227 sq. ft. office suite in the front of the building and a 20,400 sq. ft. suite (office and warehouse) in the rear of the building. Entire building of 24,627 sq. ft. can be purchased and used by a owner/user.

The front suite includes 4,227 sq. ft. of office space. Configuration includes 5 private offices, conference room, large break room, restrooms, 2 closets and large open area. 25 parking spaces available in front of suite. Suite is leased through 5/31/24 to an office user but can be made available in 90 days and has $37,200 NNN of annual income.

The rear portion is 20,400 sq. ft. including 16,400 sq. ft. office, 4,000 sq. ft. warehouse space and 22,000 sq. ft. of fenced yard (grass). The rear suite features 17 private offices, 2 conference rooms, 2 open areas, 2 bullpen areas, reception, restrooms and approximately 4,000 sq. ft. of warehouse space with loading via two (2) 12'x14' overhead doors with truck well and ground level access. The two large open areas are adjacent to the warehouse space an can function as temperature controlled storage space if needed. Rear space has 50 parking spaces available and approximately 22,000 sq. ft. of fenced grass land area.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Airport-Metairie-Kenner
Tax ID/APN: 16681
Zoning: M2
Property Located Between: Jefferson Highway and Mounes St.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,628 101,410 321,741
Median Age: 38.58 42.53 39.03
Households: 4,471 43,351 134,841

Contact

Photograph of Listing Agent

Joe Gorman

Audubon Commercial Real Estate New Orleans, LA 70112
LACDB Member
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