Metairie, LA Office Property For Sale

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Office for Sale

Metairie, LA 70006

Well maintained two story walk up Class B office building. Currently 100% occupied with multi year leases in place. Current mix of tenants include real estate brokerage, appraisal services, specialized physical therapy, marine surveyor service & non profit specialized children’s advocates. Building has been professionally managed with on site office since 2006 by current owner/broker. Many upgrades and improvements recently including complete exterior painting & water proofing, first floor common area flooring replacement, HVAC replacements and more. Located within walking distance to the new Clearview Center which will consist of new Oschner Super Clinic currently under construction & mall will be converted to a work/live/shop concept with a state of the art high end apartment complex also currently under construction.

Office for Sale

Metairie, LA 70001

Available:

Suite 103-105

3,375 +/- sq. ft. of first floor office condos located in Metairie with easy access to I-10

Zoning: BC-2 (business commercial)

Additional:

* 27.52% of condominium regime

* Each condo is separately metered

* Condo Fees: $1,350/quarter

Sale Price: $150 per sq. ft. or $506,250

Office for Sale

Metairie, LA 70001

Renovated property with 2022 new roof & 2020 renovated HVAC (AC, heater & ductwork), all electrical (wiring, panel, mask, outlets), vinyl DBL insulated windows, kitchen (gas stove & hood, dishwasher, large sink), plumbing & lighting fixtures, painted in & out, main sewer line from primary BA & hall BA, R19+ attic insulation. 2 carports & 140 ft deep lot. Flood insurance $694/includes $250 non-primary residence surcharge. Covered detached laundry/storage room w/electric & gas dryer hookups. Current property use is as a residential home. Zoned GO2. All information to be verified.

Office for Sale

Metairie, LA 70002

Office for Sale

Metairie, LA 70001

Located between I-10 Service Road and West Napoleon Avenue in the heart of Metairie. This two-story office building is approximately 4,600 SF with parking in front and rear of the building. Roof was recently replaced.

Plenty of office space with reception area in the front of the building.

Land for Sale

Metairie, LA 70002

A once in a generational opportunity to Purchase or Ground Lease a combined 4.37 acre site in the heart of Metairie, Louisiana. 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, survey and Phase I environmental are available for review. The owners will consider an outright sale of the properties as well as a long-term lease with an option to purchase.

To assist the Owners in achieving the best price for this property, they have decided a traditional marketing process will allow potential purchasers more time to evaluate their development plan for the site and perform a reasonable due diligence on the site. Accordingly, we will not have a pre-determined timeline for submitting offers, but the offers will be considered on a first come first serve basis, so the sooner received the better. Owner is not required to wait for any specific period of time before accepting a Letter of Intent (“LOI”) and working with that party to a execute a formal Purchase and Sale Agreement (“PSA”). Offers may be placed on the entire site (Parcels A and B combined) or on either parcel separately. While the Owners will consider a straight sale, the Owners would give preference to offers structured as long-term leases (90+ years) with an option to purchase the property within the first 10-20 years of the lease. The structure of 90+ year lease with a corresponding right to purchase creates a perpetual or full ownership by the purchaser allowing for both conventional financing as well as sufficient security for other capital sources. We will accept detailed LOI’s throughout the marketing process and will respond to each offer on an individual case-by-case basis.

We would request that you include the following information in your LOI:

1) Name of the entity and the principals of the entity who will be the Purchaser of the Property.

2) Price which shall be paid to Sellers at the Closing

3) The timing need by the Purchaser for their Due Diligence Period and for the Closing of the Sale.

4) The potential use that the Purchaser has for the Site – as much description of the project as possible will be helpful.

5) The financial structure of the Land Purchase. Is it subject to financing for the entire project, is it subject to financing on just the land purchase or is it an all cash (no financing) offer?

6) If the offer is subject to financing on the entire project, please describe the cost of the entire development, the status of said financing and potential sources of financing, any contingencies on receiving the financing (pre-sales/pre-leasing requirements), the capital stack for the project and any other pertinent information on the project and the investors/ developers.

7) Please describe the financial strength of the Purchaser and their real estate development experience in developing similar projects.

8) Please indicate the amount of the Deposit that Purchase will place with the Escrow Agent and the timing for when said Deposit shall become non-refundable.

While we do not have a specific deadline for offers at this time, we reserve the right to put out a call for offers with a specific due date or change the marketing program to another format at any time in the future.

Office for Sale

Metairie, LA 70005

Rare commercial opportunity on Old Metairie Rd and Dahlia St. Two commercial units on the 1st floor, one side vacant and upstairs offers one residential unit and commercial unit. Total rent 40K Gross. Opportunity to buy adjacent property on Dahlia Motivated sellers bring all offers, this won't last long!

Office for Sale

Metairie, LA 70006

Office Condo. 4.22% INT $2,838.00 quarterly condo fees. Doctor's Row medical building complex, four assigned parking spaces, walking distance to East Jefferson Hospital. Flexible floor plan with room to expand in unfinished attic also plenty of available parking.

Office for Sale

Metairie, LA 70006

2 Story Medical Office Building in Doctor's Row. Located at the end of Houma Blvd adjacent to East Jefferson General Hospital (LCMC).

This 9,996 SF building consists of 5 suites with a few long term tenants.

Office for Sale

Metairie, LA 70002

This Building was originally built for Medical use then converted to a Law office. It is conveniently located just off of Causeway across from Lakeside Shopping Center. It has 3200 SF of office on the ground floor with the balance on the second currently used as an apartment.

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