Multibuilding Office Portfolio with
For Sale
Contact for pricing
Pending
201 Evans Rd, New Orleans, LA 70123
Four professionally managed office buildings offer first-floor suites with nearby parking and current 76.77% occupancy.
Property Size72,927 SF
Days on Market121
Property Features for 201 Evans Rd
General Information
Standard status
Pending
Size
72,927 SF
Property subtype
Office
Occupancy
77%
Additional Details
Cap Rate
8.15%
Office Units
4
Building Details
Tenancy
Multi
Listing Agency:
Property One Inc
(504) 681-3437
Listed By:
Matt Taylor · License #LA 0000006690
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 8 at 10:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Property One Inc
Investment Insights
Based on property information with market context.
201 Evans Road is a four-building office portfolio totaling 72,927 square feet of office space. The property is described as being in great condition with professional management and attentive ownership over many years, and it is reported to be well maintained with very limited capital expenditure exposure for a buyer.
The portfolio’s current occupancy is 76.77%, and the budgeted 2022 NOI is $488,782, reflecting an 8.15% capitalization rate at the stated asking price. The demised spaces are smaller in size, with no large, hard-to-lease spaces or expensive demising costs. All suites are first-floor offices with parking very near to the suite entrances.
201 Evans Rd, New Orleans, LA 70123.
The portfolio’s current occupancy is 76.77%, and the budgeted 2022 NOI is $488,782, reflecting an 8.15% capitalization rate at the stated asking price. The demised spaces are smaller in size, with no large, hard-to-lease spaces or expensive demising costs. All suites are first-floor offices with parking very near to the suite entrances.
201 Evans Rd, New Orleans, LA 70123.
Key Highlights
- 201 Evans Road includes four office buildings totaling 72,927 SF of office space
- Budgeted 2022 NOI is $488,782 with an 8.15% capitalization rate based on the stated budgeted income
- Current occupancy is 76.77%
Property Analytics
Current Use
Lease Details
4
Office units
76.8%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
858
Businesses Nearby
Explore this area
Business Placement
Demographics for 70123, LA
27,346
Population
14,297
Households
1.9
Avg Household Size
44
Median Age
44%
College-Educated
94%
High-School Grad
7.6 sq mi
ZIP Area
3,598
Density / Sq Mi
$82,639
Median Household Income
$52,709
Median Earnings
$1,310
Median Rent
$318,000
Median Home Value
Market
Vacancy Rate% for Office in New Orleans, LA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Four professionally managed office buildings offer first-floor suites with nearby parking and current 76.77% occupancy.
Where is this office building located?
The property is located at 201 Evans Rd New Orleans, LA.
What are key features of this property?
This property features: 201 Evans Road includes four office buildings totaling 72,927 SF of office space; Budgeted 2022 NOI is $488,782 with an 8.15% capitalization rate based on the stated budgeted income; Current occupancy is 76.77%
