Fully Occupied Industrial
For Sale
$725,000
2416 Connecticut Ave, Kenner, LA 70062
Multi-area warehouse property with office space, restrooms, secure gated access, and multiple roll-up doors.
Property Size7,500 SF
Price / SF$96.67
Days on Market481
Property Features for 2416 Connecticut Ave
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Industrial
Zoning
L-I
Amenities
Power
Water
Sewer
Building Details
Tenancy
Multi-Tenant
Listing Agency:
Coldwell Banker Commercial TEC Realtors
(504) 323-5993
Listed By:
Michael Plauche · License #995698836
(504) 323-5993
Source:
Lacdb.resimplifi
Added: May 9, 2025
Changed: Aug 31
Last Checked: Aug 31 at 12:52PM
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 Coldwell Banker Commercial TEC Realtors
Investment Insights
Based on property information with market context.
This 7,500 SF industrial warehouse property in Kenner includes conditioned office and reception space, restrooms, open warehouse areas, and multiple roll-up doors. The layout includes approximately 525 SQFT of conditioned space, approximately 3,100 SQFT of unconditioned warehouse area at 2416 Connecticut Avenue, approximately 1,220 SQFT at 2416 A Connecticut Avenue, and approximately 2,425 SQFT at 2416 B Connecticut Avenue. The property is 100% occupied and includes a secure gated driveway measuring 25' W X 100' D within a 100'W X 128' D lot.
Located at 2416 Connecticut Ave in Kenner, the property offers access to I-10, I-310, and LA-61. Roll-up access includes doors measuring 12'W x 14' H and 8'W x 8'H, with the smaller opening framed for a 12'W x 14' H door.
Located at 2416 Connecticut Ave in Kenner, the property offers access to I-10, I-310, and LA-61. Roll-up access includes doors measuring 12'W x 14' H and 8'W x 8'H, with the smaller opening framed for a 12'W x 14' H door.
Key Highlights
- 7,500 SF industrial warehouse property with 100% occupancy
- Approximately 525 SQFT of conditioned reception, office, and restroom space
- Approximately 3,100 SQFT of open warehouse space with a 12'W x 14' H roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,446
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,168,920
$1.2M
Cap Rate 7%
$834,943
$834.9K
Cap Rate 9%
$649,400
$649.4K
Market Conditions
NOI Build-Up for 7,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$72.0K $9.60/SF
− Vacancy
−$3.2K −$0.43/SF
EGI
$68.8K $9.17/SF
− OpEx
−$10.3K −$1.38/SF
NOI
$58.4K $7.79/SF
Area
Jefferson County, LA
Vacancy
4.50%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,168,920
Cap Rate 7%
$834,943
Cap Rate 9%
$649,400
Alternative Uses
Best Use
Warehouse
$834.9K
$730.6K – $974.1K
NOI $58,446 @ 7.0% cap · market cap 8.06%
Second Best
Flex RnD
$785.6K
$687.4K – $916.5K
NOI $54,990 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,510 @ 7.0% cap · market cap 19.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,394
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70062, LA
16,627
Population
6,679
Households
2.5
Avg Household Size
38
Median Age
18%
College-Educated
77%
High-School Grad
7.1 sq mi
ZIP Area
2,342
Density / Sq Mi
$55,293
Median Household Income
$33,499
Median Earnings
$1,150
Median Rent
$197,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Multi-area warehouse property with office space, restrooms, secure gated access, and multiple roll-up doors.
Where is this warehouse located?
The property is located at 2416 Connecticut Ave Kenner, LA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 7,500 SF industrial warehouse property with 100% occupancy; Approximately 525 SQFT of conditioned reception, office, and restroom space; Approximately 3,100 SQFT of open warehouse space with a 12'W x 14' H roll‑up door
