Fully Occupied Warehouse Investment Opportunity

Industrial for Sale
Catylist Listing ID: 30476097
Property Subtypes: Warehouse/Distribution
Building Size (RSF): 17,262 SF
Gross Building Area: See Agent
Gross Land Area: 20,895 SF
Sale Price: $495,000
Unit Price: $28.68 PSF
Docks/Doors: 3 Doors
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Last Updated: 9/17/2019

Overview / Comments

Fully occupied, 3 unit brick warehouse located in Marrero. First bay measures 160' x 49', has 1 large overhead door with 11 foot eave height in the front portion of the warehouse and 17 foot eave in the back portion of the warehouse. The second bay measures 156' x 47' with 11 foot eave height throughout. Each bay has a working bathroom. There is also a small work shop that was built on to the warehouse. Roof was replaced 4 years ago and is in excellent condition. Current owner is collecting $2,500/mo on the first bay, $2,000/mo on the second bay, and $770/mo for the small added on work shop in the back. Tenants are willing to sign long term leases or can leave at the owner's discretion.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Outer Jefferson Parish
Tax ID/APN: 3136491
Property Located Between: 4th Street and Garden Street
Area Description: Marrero, LA
Tenancy: Multiple Tenants
Number of Stories: 1
Parking Description: Ample parking in front and rear of building.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,514 127,474 298,081
Median Age: 40.53 36.91 36.33
Households: 4,852 52,900 122,063


Photograph of Listing Agent

Jourdon Schultz

Latter & Blum Holding Company New Orleans, LA 70130
LACDB Member
Photograph of Listing Agent

James A Barse CCIM, SIOR

NAI/Latter & Blum Commercial - Marrero New Orleans, LA 70130
LACDB Member
Photograph of Listing Agent

Eli Gunesebakan

NAI/Latter & Blum Commercial New Orleans New Orleans, LA 70130
LACDB Member
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