1600 S Peters St

Industrial: Manufacturing

1600 S Peters St, New OrleansLA 70130

Property Details

Location

Address
1600 S Peters St, New OrleansLA 70130
County
Orleans Parish
Submarket
Uptown-Garden District
Parcels
41135898
In Opportunity Zone
Yes

Building Size

Building Size
60,256 SF
Rentable Space
162,854 SF

Building Details

Type
 Industrial: Manufacturing
Number of Buildings
1
Occupancy Type
Single Tenant
Percent Occupied
100%
Building Class
Building Status
Existing
Floors
4
Year Built
1902
LEED Level
0
Sprinklers
Primary Const.
Brick
Parking Ratio

Industrial Details

Dock High Doors
Not present
Grade Level Doors
Cross Dock Doors
Ceiling Height
Rail Doors
Yard
Electrical
Industrial Space

Land & Utilities

Land (Acres)
2.00 Acres
Land (SF)
87,337 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
MU-2
Lot Depth
Lot Width

Contacts

Current Listings

Market Street Power Plant

162,854 SF$16,910,000
Corporate Realty - Main Office

The Market Street Power Plant (MSPP) is a historic facility that includes seven plus (7+) acres of ground. The actual power plant buildings contain a total of approximately 163,000 sf of gross building area.

The ground floor is approximately 72,000 +/- sf. Within the building footprint are seven (7) individual buildings that have been constructed, and are interconnected, with various floor sizes.

The facility sits on the Mississippi River between the high-demand New Orleans Warehouse District and the Lower Garden District. The property is immediately upriver from the 1.1 million sf ground floor exhibit space Ernest N. Morial Convention Center and its forty-seven plus (47+) acre development site and offers unobstructed views of the Mississippi River. This area, called the Entertainment District, is in the final planning stages of development into a mixture of retail, residential, hotel, office, and entertainment venue components. The Entertainment District will also include a proposed 1,200 room Convention Center Headquarters Hotel. The MSPP is adjacent to a newly expanded cruise ship terminal and a short distance to the $500 million Four Seasons Hotel, expected to be completed in 2021.

The MSPP is located just south of the New Orleans Central Business District (CBD), the center of commerce for New Orleans. It features fifteen (15) Class A office buildings that contain 9,043,000 +/- rentable square feet of space. Current occupancy of these buildings is 87+%. Both the CBD and the historic French Quarter, located immediately north of the CBD, contain numerous hotel rooms and world-class restaurants, all within short walking distances from the hotels.

The CBD also has a very strong residential presence that features in excess of 6,700 residential apartments and condominiums in the popular Lafayette Square, Warehouse District, and South Market District submarkets. Since 2005, this area has been the recipient in excess of $7 billion in development and investment expenditures.

Corporate Realty - Main Office

The Market Street Power Plant (MSPP) is a historic facility that includes seven plus (7+) acres of ground. The actual power plant buildings contain a total of approximately 163,000 sf of gross building area.

The ground floor is approximately 72,000 +/- sf. Within the building footprint are seven (7) individual buildings that have been constructed, and are interconnected, with various floor sizes.

The facility sits on the Mississippi River between the high-demand New Orleans Warehouse District and the Lower Garden District. The property is immediately upriver from the 1.1 million sf ground floor exhibit space Ernest N. Morial Convention Center and its forty-seven plus (47+) acre development site and offers unobstructed views of the Mississippi River. This area, called the Entertainment District, is in the final planning stages of development into a mixture of retail, residential, hotel, office, and entertainment venue components. The Entertainment District will also include a proposed 1,200 room Convention Center Headquarters Hotel. The MSPP is adjacent to a newly expanded cruise ship terminal and a short distance to the $500 million Four Seasons Hotel, expected to be completed in 2021.

The MSPP is located just south of the New Orleans Central Business District (CBD), the center of commerce for New Orleans. It features fifteen (15) Class A office buildings that contain 9,043,000 +/- rentable square feet of space. Current occupancy of these buildings is 87+%. Both the CBD and the historic French Quarter, located immediately north of the CBD, contain numerous hotel rooms and world-class restaurants, all within short walking distances from the hotels.

The CBD also has a very strong residential presence that features in excess of 6,700 residential apartments and condominiums in the popular Lafayette Square, Warehouse District, and South Market District submarkets. Since 2005, this area has been the recipient in excess of $7 billion in development and investment expenditures.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: LACDB

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