Metairie Sale-Leaseback
Industrial | 14,031 SF
Listing Contacts
License: MS MS 23788, LA LA BROK.995704349-ASA
License: LA SALE.0995691909-ACT
Active
Asking Price: $2,600,000
Address
4717 Airline Dr, Metairie, LA 70001
Show on MapDate Added
Dec 10, 2024
Days on Market
153 days
Time Since Last Update
63 days
Details
Property TypeIndustrial, Mixed Use, Retail
SubtypeStorefront, Warehouse
Investment TypeSale/Leaseback
Lease TypeNNN
TenancySingle
Square Footage14,031
Price/Sq Ft$185.30
Pro-Forma Cap Rate9.98%
Pro-Forma NOI$259,573
Year Built2010-2011
Buildings1
Stories2
ZoningC-2
Lot Size (acres)0.91
Parking (spaces)17
Rent BumpsTo Be Negotiated
APN0820014209
Sale ConditionSale for leaseback
INTELLIGENCEMarketing Description
Opportunity to a acquire a high-visibility corner property at 4717 Airline Drive in Metairie, LA, featuring 14,031SF of improvements on a 39,513SF lot. The property is currently owned by sequoia Building Supply, LLC, an established and reputable company. Upon sale, the business will execute a 5-year lease at a pre-negotiated rate. (see agent for more details).
Investment Highlights
-
High-visibility corner location on Airline Drive and Zinnia Avenue (32,000 ADTV)
-
14,031 SF retail showroom with warehouse on a 39,513SF Lot
-
Built in 2010-2011
-
Approx. 10% Going in Cap Rate
-
Business Summary available with signed CA
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
0
DSCR
--
Cap Rate
--
ROI
Due Diligence
Listing Contacts
- License: MS MS 23788, LA LA BROK.995704349-ASA
- License: LA SALE.0995691909-ACT
Similar Properties for Sale
$699,000
4405 ZENITH ST
Industrial • 5,000 SF
4405 Zenith St Metairie, LA 70001
$5,950,000
1100 Edwards Ave
Industrial • 40,500 SF
1100 Edwards Ave Elmwood, LA 70123
$1,230,000
Office / Warehouse in Elmwood Business Park
Office / Warehouse in Elmwood Business Park • 8,775 SF
1521 Dickory Ave Elmwood, LA 70123
$11,750,000
Jefferson Business Center
Industrial Flex • 7.91% CAP • 104,167 SF • 96% Occupied
520 Elmwood Park Blvd Elmwood, LA 70123
$2,700,000
±12,000 SF Office/Warehouse with Tenant and Turnkey Business
Industrial
124 Laitram Ln Harahan, LA 70123
$1,095,000
29-37 Hickory Ave & 100 Powerline Dr
2,930 SF Office Bldg w/ 18 Space Parking Lot & 1 Acre Industrial Yard
29-37 Hickory Ave & 100 Powerline Dr Harahan, LA 70123
Latter & Blum | Compass
$759,000
11 Hickory Ave & 100 Powerline Dr
Quaint Cottage - Turnkey Office building on the corner of River Road & Hickory Ave.
11 Hickory Ave & 100 Powerline Dr Harahan, LA 70123
Latter & Blum | Compass
$450,000
Office/Flex Space Building Near Airport
LOCATION! LOCATION! LOCATION! - OFFICE/FLEX • CLOSE TO New Orleans International Airport and I-10!!
2118 Florida Ave Kenner, LA 70062
Opportunity Zone
$390,000
Office/Warehouse Near MSY – Value-Add Opportunity
Industrial • 6,000 SF
1400 Fulton St Kenner, LA 70062
Opportunity Zone
$325,000
Auto Body Shop & Yard in the Bainbridge Business Park
Industrial • 2,400 SF
2307 Marietta St Kenner, LA 70062
Opportunity Zone
$890,000
Multi-Tenant Warehouse in Kenner
Industrial • 8,000 SF
1354 Carroll St Kenner, LA 70062
See more properties for sale in Metairie
Additional Information
Additional Information
Broker Name
Reed Wiley, CCIM
Broker License
LA LA BROK.995704349-ASA
Is there information that looks off? Report
For assistance, reach out to our support team at [email protected] or call 888.273.0423 .