Leased Warehouse Near
1354 Carroll St Kenner, LA 70062
1354 Carroll St, Kenner, LA, 70062
Contact for pricing
For Sale
Contact for pricing
8,000 SF fully leased warehouse near Louis Armstrong Airport.
Property Size8,000 SF
Price / SF$111.25
Days on Market718
Property Features for 1354 Carroll St
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Industrial
Listing Agency
Elifin Realty - New Orleans, LA
(800) 895-9329
Listed by
Adrien Foley · License #955716500
Source
Crexi
Added: Jul 31, 2024 Checked: Jul 17 at 1:45 pm
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 Elifin Realty - New Orleans, LA
Investment Insights
Based on property information with market context.
Available for sale is an 8,000 square foot, fully leased warehouse located at 1354 Carroll Street in industrial Kenner. The property represents an excellent investment opportunity. Its strategic location near the Louis Armstrong New Orleans International Airport offers significant logistical advantages. The warehouse consists of three suites, contributing to a stable income stream. A new roof was installed within the last year. The property provides easy access to I-10, facilitating quick transportation routes for warehouse operations. This location is ideal for investors seeking properties with strong tenant occupancy and robust infrastructure. This investment is ideal for those looking to capitalize on the bustling industrial activity near a major airport, with the added benefit of recent property enhancements and a solid tenant base.
Key Highlights
- Fully leased 8,000 sq ft warehouse providing a stable income stream.
- Strategically located near Louis Armstrong New Orleans International Airport, offering significant logistical advantages.
- New roof installed within the last year.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.8k | $9.60 |
| − Vacancy | −$3.5k | −$0.43 |
| EGI | $73.3k | $9.17 |
| − OpEx | −$11.0k | −$1.38 |
| NOI | $62.3k | $7.79 |
8,000 SF · lease $9.60/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$890.6K
$779.3K – $1.04M
NOI $62,342 @ 7.0% cap · market cap 7.00%
Second Best
Industrial
$684.0K
$598.5K – $798.0K
NOI $47,880 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,744 @ 7.0% cap · market cap 16.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
JC Auto Body ...
Auto Repair Shop
ET Body Shop
Auto Repair Shop
Bruno Stephanie M
Law Firm
Favalora Constructors Inc
Construction Company
Similar For Sale Nearby
Similar Off Market Nearby
- ASI Management — 2200 Veterans Blvd # 208, Kenner, LA 70062
- Hold My Luggage — 1 Terminal Dr, Kenner, LA 70062
- Whipped Self Storage Units — 1615 31st St, Kenner, LA 70065
- Self-Storage at U-Haul — 2828 Marietta St, Kenner, LA 70062
- Extra Space Storage — 2201 W Napoleon Ave, Kenner, LA 70062
FAQs
What type of property is this?
Warehouse - 8,000 SF fully leased warehouse near Louis Armstrong Airport.
Where is this warehouse located?
The property is located at 1354 Carroll St Kenner, LA.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: Fully leased 8,000 sq ft warehouse providing a stable income stream.; Strategically located near Louis Armstrong New Orleans International Airport, offering significant logistical advantages.; New roof installed within the last year.
