Northpoint Business Park #8 (Industrial Land)

Industrial for Sale
Sale Pending
Also listed as Vacant Land, Business Opportunity
Catylist Listing ID: 30736518
Property Subtypes: Cold Storage, Flex Space, Food Processing, Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Office Showroom, Research & Development, Warehouse/Distribution
Status: Pending
Building Status: Proposed
Building Size (RSF): 210,394 SF
Gross Building Area: See Agent
Gross Land Area: 4.83 Acres
Sale Price: $841,064
Unit Price: $4 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/11/2021

Overview / Comments

Lot 8 is a development ready, permitted industrial site located directly across Northpointe Court from the new FedEx distribution facility in Northpointe Business Park. The site measures a total of 4.83 gross acres, and is well shaped to accommodate most expected industrial development options. Purchaser to confirm net usable land area. The list price equates to $4.00 per SF on gross land area. Legal Description is: Lot #8, Northpointe Business Park, St. Tammany Parish, State of Louisiana

Northpointe Business Park is the premier industrial park in St. Tammany Parish, as is evidenced by the recent addition of Fed Ex Ground. Major users in the immediate area include the Red Cross, Fed Ex, Champagne Beverage (Budweiser), and Diversified Foods (Popeye' s). St. Tammany Parish has become a destination for major distribution users including the above mentioned names in the immediate neighborhood, and also including Associates Grocers and Folger' s Coffee and Rooms to Go.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Tax ID/APN: 1038082040
Highway Access: Northpointe enjoys two points of access: Highway 1085 and Highway 1077, and benefits from direct proximity to Interstate 12' s interchange with Highway 1077.
Zoning Description: The purpose of the I-2 Industrial District is to provide for the location of industrial uses of large-scale and highly intense industrial uses along major collectors and arterials in such a fashion and location as to minimize the conflict with nearby residential uses.
Easements: Other
Easements Description: A new retention plan has been introduced which shows a reduced drainage easement of 29'.
Legal Description: Lot #8, Northpointe Business Park, St. Tammany Parish, State of Louisiana.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 10,189 33,480
Median Age: 36.92 39.2
Households: 3,653 12,442


Photograph of Listing Agent

Gordon McLeod

The McEnery Company Inc New Orleans, LA 70112
LACDB Member
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