For Sale or Ground Lease: 3529 - 3545 N. I-10 Service Rd.

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 floor is leased to 2 tenants (Stanley Security and State Farm).​ The 2nd and 3rd floors are 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 provisions 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.​ 

Pricing Guidance of $12,400,000 for both properties or $6,200,000 for either parcel separately.​

Owner will consider a Ground Lease Option at $820,000/Yr (Both Properties) or $410,000/Yr for either property individually, with an option to purchase at a TBD later date.​

• ​Once in a Generation redevelopment opportunity in an area where there are few, if any, large parcels available 
• ​EXTREMELY VALUABLE VISIBILITY as property faces the busy Interstate 10 with high volumes of daily cars passing by
• ​Two existing office buildings with leases in place, but cancelable by owner, for income support while new development takes shape
• ​ZONED BC-2 which allows for full development potential as MULTI-FAMILY, HOTEL, OFFICE, RETAIL, or MEDICAL