Greater New Orleans, LA and Surrounding Areas

Commercial-Other - New Orleans, LA Stunning property on St. Charles with a national medical tenant. The owner would like to sell the property off market and would require any potential buyers to sign an CA prior to receiving any information on the property. The owners have another project they would like to pursue. Highlights: 20,000 Square foot building on St. Charles with a very large parking lot. Largest parcel on St. Charles Ave. Initial lease is a 10-year term. Escalators in year 5 (5%), year 7 (3%), and year 9 (3%). Exit clause in year 6.5 for $450,000 Lease has just started in November, 2021 Preferred close by the end of the year. Asking price is $8,775,000, a 6% cap rate Please reach out via email and I will send a Confidentiality Agreement in order to release information.