Well Located Metairie Office Building w/ Visibility

Office for Sale
Catylist Listing ID: 30835551
Property Subtypes: Office Building
Building Size (RSF): 11,450 SF
Gross Building Area: See Agent
Sale Price: $1,595,000
Unit Price: $139.30 PSF
Ceiling: 9 ft.
Property Use Type: Investment, Vacant/Owner-User
Building Name: 4401 North I-10 Service Road West
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 95
Last Updated: 9/18/2023

Overview / Comments

Very attractive two (2) story light grey brick office building with excellent off-street parking in front and rear lots. Offices have excellent renovations and floor plans with some having kitchen areas. Seller is putting a new elevator in lobby to second floor. Second floor tenant will be moving out with the sale of the property to a Owner/User. Most offices comes with very nice pylon signage well seen from N. I-10 Service Road. The Lessor has recently renovated the exterior of the building and the rear parking lot has been resurfaced. The roof was replaced after Katrina. The building is very easily accessible from Veterans Blvd and Interstate 10.


Finance Data Year 2023
Gross Operating Income $165,000 (Annual)
Actual or Proforma Year Actual

Current Tenants

Tenant Business Name Century 21 SELA
Is Renting? Yes
Tenant Business Name CASA of Metairie
Industry Type Health Care and Social Assistance
Is Renting? Yes
SF of Space Occupied 5,995 SF
Tenant Notes Lease expires in October 2023 or sooner. Second floor space. Could be Owner/User's new office space. Excellent floor plan with nice break room. New elevator being installed.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Airport-Metairie-Kenner
Submarket Type: Suburban
Tax ID/APN: JP-45376
Zoning: C-1
Market Type: Mega
Property Located Between: At corner of Kingman. Between Clearview Parkway and Cleary Avenue
Side of Street: North
Road Type: Paved, Highway Service Drive
Property Visibility: Excellent
Transportation: Highway
Highway Access: Interstate 10 to N. I-10 Service Road West
Airports: 4.5 miles
Site Description: Parking in front and large parking lot in rear.
Area Description: Located between Severn Avenue and Clearview Parkway on the corner of Kingman Street and N. I-10 Service Road. Excellent location near Clearview Mall.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 5,995 SF
Year Built: 1971
Year Renovated: 2020
Roof Type: Arched
Construction/Siding: Brick
Exterior Description: Very light colored grey brick two (2) story office building with black awnings well located in area of excellent restaurants, shopping and numerous other nice office buildings.
Parking Type: Surface
Parking Description: Large rear parking lot and parking in front.
Total Parking Spaces: 47
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Very professionally renovated two (2) story light grey brick office building in excellent condition with all full-service leases. Excellent area of Metairie on the north side of Interstate 10 and on the east side of Clearview Parkway.
Zoning Description: GO-1 (General Office)
Lot Frontage: 127.3
Lot Depth: 151.37
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Square 9, a portion of Lots 22, 24 and 25 and all of Lots 26-32, Suburban Villas, Metairie, LA 70006

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 31,665 151,039 312,207
Median Age: 38.81 42.1 39.22
Households: 13,832 65,194 131,506


Photograph of Listing Agent

David R Wright

Wright Commercial Realty Corporation Metairie, LA 70002
LACDB Member
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