Metairie, LA Industrial Property For Sale

Prime warehouse with established mechanic shop, centrally located in Metairie with easy interstate access. Currently leased on a month to month basis to an established tenant. All equipment is owned by tenant. Do not disturb current tenant, all showings require 48 hours prior notice.

A once in a generational opportunity to Purchase or Ground Lease a combined 4.37 acre site in the heart of Metairie, Louisiana. Direct Interstate 10 visibility!

The owners will consider offers on the entire site or Parcels A and B separately. The 3 story office building situated on Parcel A is currently known as the Crutcher–Tufts Building and contains 30,114 square feet of leasable space. The 1st and 2nd floors are leased to 3 tenants (Enterprise Corporate Office, Stanley Security and State Farm). The 3rd floor is currently vacant. The building on Parcel B is 100% leased to Enterprise for their car rental and sales facility. The leases in both buildings have provision allowing the owner to cancel the leases with either a 6-month or 12-month notice.

This is a perfect redevelopment opportunity with income in place. The zoning will allow for multi-family, hotel, office, retail or medical uses.

Copies of leases, surveys, income statements, tax records, floor plans, Phase I environmental reports, etc. are available for review upon signing a Confidentiality Agreement.

The owners will consider an outright sale of the properties as well as a long-term lease with an option to purchase.