201 Evans Rd New Orleans, LA 70123

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Listed by Matt Taylor · License #LA 0000006690

Source Crexi

Added: Apr 11 Updated: Jul 20 at 6:43PM Checked: Jul 21 at 9:58AM

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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.

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%

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FAQs

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%