800 N Causeway Blvd Mandeville, LA 70448

Listing agency NOLA Living Realty - Northshore

Listed by Bryan D Pigeon · License #LA 16835

Source Crexi

Added: Apr 11 Updated: Jul 21 at 1:43AM Checked: Jul 21 at 1:43AM

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Investment Insights

Based on property information with market context.

This multi-tenant office building is reported as 92% occupied, with 8 national and local tenants in place. Approximately 5,000 sf remains available for a user or additional tenants, and the property was updated as of January 22, 2021.

The seller is offering owner financing with new terms: financing of $4,875,000.00, a $1,625,000.00 down payment, and an interest rate of 4.5% amortized over 30 years with a 36-month payoff. Reported actual income is $318,000 annually, with the addition of 6 new tenants. A vacant-space proforma also notes 8,700 sf available generating $121,800 annually, for total annual income of $439,800.

The address is 800 N Causeway Blvd, Mandeville, LA 70448.

Key Highlights

• 92% occupied office building with about 5,000 SF available for new tenants
• Income totals $439,800 annually, including actual income of $318,000 annually plus pro forma income on vacant space
• Pro forma vacancy income: 8,700 SF available for $121,800 annually

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FAQs

What type of property is this?

Office building - 92% occupied office building with about 5,000 sf available for additional tenants.

Where is this office building located?

The property is located at 800 N Causeway Blvd Mandeville, LA.

What are key features of this property?

This property features: 92% occupied office building with about 5,000 SF available for new tenants; Income totals $439,800 annually, including actual income of $318,000 annually plus pro forma income on vacant space; Pro forma vacancy income: 8,700 SF available for $121,800 annually