Greater New Orleans, LA and Surrounding Areas

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000 St Charles Avenue
New Orleans, LA 70130
MLS# 3YD-RFGCB-TFN9Q5 ID: 73777260
Property Description
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.
Property Features
Days On Market 175 days
Last Updated May 25, 2022
Market Status Available
Property Type Commercial
Listing Features
Property Type Commercial; Commercial-Other
Offered By:
Ron Patron
Coldwell Banker Commercial TEC

Data Provided by Coldwell Banker