401 St Joseph St New Orleans, LA

This historic corner office asset, originally built around 1905, is located in the Warehouse District. The site formerly housed the Gulf Shot Tower Company and later served as meatpacking and cold storage facilities before being redeveloped in 2017 into a Class A low-rise commercial headquarters. The building retains its old-world charm while offering functional, innovative, open workspace. The top floor is leased to a premiere office furniture and supply headquarters and Steelcase distributor. The second floor is leased to a regional non-profit that certifies women-owned businesses and its pro-women owned co-working office suite. The property is situated opposite the Woodward Wright Apartments, St. Joseph Lofts, and the Marriott Sonesta ES Suites, and is within walking distance of the Convention Center, Gallery Row, and Lafayette Square Park. Contract parking options are available at the adjacent lot. The building features three-phase power and a fully sprinkled interior. It has a single-ply 50 mil roofing system with a 15-year manufacturer warranty from 2007. Ceiling heights are approximately 15 feet for both the second and third floors and 7'6" for the first floor. The interior features new steel and concrete framing from 2007. The third and second floors have 10-year leases. The rooftop is engineered to support an addition of approximately 4,000 square feet. The first floor, comprising 4,614 square feet, is currently vacant. Net charges average approximately $4.00 per square foot, covering tenants' electricity, water, waste management, common area maintenance and repairs, taxes, and insurance. The property size is 21,142 square feet.