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Contact info

• 504-887-3929 x569 [Office] 

Description

This is a well constructed strip center that was built just before Katrina. There are 11 units (one is an apartment), two are currently vacant. Great visibility for retailers. Property visibility is excellent. I allowed for them to be vacant for six months each in an APOD, and still got $142,200/yr NOI. That works out to be a 7.5% cap.; This center enjoys excellent visibility and has lots of parking. Building price details: $1,650,000.

Property Details

• Type: Retail
• Use Types:Strip Center
• Status: Available
• MSA: New Orleans-Metairie-Kenner
• Zoning: C-2, Commercial
• Buildings: 1
• Tenancy: Multiple Tenants

Terms

• Cash to Seller 

Map Locations