FairGrounds Area Commercial

Retail-Commercial for Lease
Also listed as Office, Industrial
Catylist Listing ID: 30837146
Property Subtypes: Street Retail, Other
Contiguous Space: 1,375 SF
Building Size (RSF): 1,375 SF
Gross Building Area: 13,850 SF
Lease Rate: $16.53 PSF (Annual)
Base Monthly Rent: $1,894
Lease Types: NNN
Ceiling: 12 ft.
Building Name: DeSaix Circle Center
Last Updated: 5/4/2023

Overview / Comments

The building was constructed in 2003, utilizing a solid concrete tilt-wall structure. Suite C10 consists of 1,375 square feet of professional retail or office space. Building fronts Gentilly Blvd. at DeSaix Circle. Building currently has nine (9) tenants. Presently there are professional, retail and office tenants in the building.

Off-street parking in front of the building suites. Property zoned L-I, Light Industrial providing a variety of uses. The suite is ideal for a variety of uses, retail, office or professional.

Inspection by appointment only. Lessee's Agent will need to make prior appointment through the Listing Agent, at a mutually agreeable time.

Base rental rate is $12.25 psf, triple net lease. Pass-through operating expense presently @ $4.27 psf, total monthly rent is $1,893.39.

The pass-through operating expenses are recalculated every January of lease term and payable in February.

This building did not flood in the aftermath of Hurricane Katrina!

Expand All Available Space

Suite: C10 1,375 SF $16.53 PSF (Annual) NNN
Level/Floor: first
Space Available: 1,375 SF
Lease Rate: $16.53 PSF (Annual)
$1,894 (Monthly)
Lease Type: NNN
Space Description: This 1,375 square foot space designated as Suite C-10. The Unit has HVAC, florescent lighting, vinyl tile floor, painted drywall, off street parking and glass store front.

Unit C10 features a private office or break room, large open office/work area and a restroom (see photos and floor plan.).
Space Subcategory: Strip Center, Neighborhood Center
Date Available: 5/1/2023
Lease Term: 24 Months
Space Type: Relet
Offices 2
CAM Expenses $4.27 PSF (Annual)
Rent Escalators Index Lease
Rent Escalators Description greater of CPI or fixed percentage, depending upon nature of occupancy and length of primary lease term.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: MidCity/City Park
Submarket Type: Suburban
Taxing Authority: CITY OF NEW ORLEANS
Tax ID/APN: 41076533
Market Type: Large
Retail Clientele: General, Family, Business
Property Located Between: Paris Avenue and DeSaix Circle
Side of Street: North
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Gentilly Blvd.
Feet of Frontage: 60
Transportation: Bus
Highway Access: Convenient to I-610 and I-10, located on Gentilly Blvd. access to the north/south via Paris Avenue or St. Bernard Avenue.
Site Description: Relet space in a 13,850 square foot neighborhood strip center.
Area Description: Located in a historic part of Gentilly/Mid-city, the most prominent landmarks are the Historic Fair Grounds Race Track, City Park, DeSaix Circle and Dillard University. The building's location at DeSaix Circle is a very recognizable address.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2003
Year Renovated: 2019
Roof Type: Arched
Construction/Siding: Concrete - Tilt up
Exterior Description: This concrete building was constructed in late 2003 and is concrete tilt wall construction. Ample parking on the front and side of the building.
Parking Type: Surface
Parking Description: Concrete pad
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Finished and painted drywall, suspended acoustical tile ceilings, vinyl tile floor, vinyl tile in restroom, one private office or break room, balance of space open for retail or office. Please see photos and floor plan attached.
Zoning Description: L-I, Light Industrial allows for a variety of uses
In Flood Plain?: Yes
Lot Frontage: 60
Water Service: Municipal
Sewer Type: Municipal, Storm
Easements: Utilities
Easements Description: Typical and normal utility easements.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,195 151,632 336,790
Median Age: 38.74 36.47 36.89
Households: 9,329 64,602 144,347


Photograph of Listing Agent

Albert S Pappalardo

Pappalardo Consultants Inc New Orleans, LA 70124
LACDB Member
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