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    111 Veterans Memorial Blvd Metairie, LA 70005

    Sponsored
    For Lease
    $24 SF/Yr

    Class A Office Tower, 57,353 SF Available

    Lot size:
    353,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Heritage Plaza, located at 111 Veterans Memorial Blvd in Metairie, Louisiana, presents a remarkable opportunity for businesses seeking premium office space. This 18-story, Class A building boasts 353,000 square feet of total space, with 57,353 square feet currently vacant and available for lease. The property sits on a 4.503-acre lot and offers flexible space options, ranging from a minimum of 725 square feet to a maximum contiguous space of 15,181 square feet. Multiple tenancy is available, catering to businesses of various sizes. The building features an impressive 11-foot ceiling height and ample parking, with a ratio of 5 spaces per 1000 square feet. Its prime location in the Airport-Metairie-Kenner submarket of Jefferson Parish provides easy access to the New Orleans Central Business District, New Orleans International Airport, and major interstate highways. Heritage Plaza is known for its exceptional management and unparalleled amenities, creating a truly excellent working environment. The property's zip code is 70005. This is a rare opportunity to secure prestigious office space in a highly sought-after location.

    Property Features for 111 Veterans Memorial Blvd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    353,000 SF
    Class
    A
    Total Rate
    706000

    Building Details

    Buildings
    1
    Stories
    18

    Unit(s) available at that property

    Space
    Suite: 160
    Size
    1,754 SF
    Rate per SF
    $24
    Space
    Suite: 230
    Size
    2,354 SF
    Rate per SF
    $24
    Space
    Suite: 350
    Size
    10,907 SF
    Rate per SF
    $24
    Space
    Suite: 420
    Size
    15,181 SF
    Rate per SF
    $24
    Space
    Suite: 725
    Size
    5,175 SF
    Rate per SF
    $24
    Space
    Suite: 1520
    Size
    725 SF
    Rate per SF
    $24
    Space
    Suite: 1555
    Size
    2,396 SF
    Rate per SF
    $24
    Space
    Suite 720
    Size
    1,639 SF
    Rate per SF
    $24
    Space
    Suite 1420
    Size
    7,501 SF
    Rate per SF
    $24
    Space
    Suite 1526
    Size
    3,541 SF
    Rate per SF
    $24
    Space
    Suite 401
    Size
    5,285 SF
    Rate per SF
    $24
    Space
    Suite 702
    Size
    895 SF
    Rate per SF
    $24

    HighLights

    • 353,000 square feet of Class A office space in an 18‑story building.
    • 24‑hour managed security and professional building management.
    • 1,200 total parking spaces, including covered and surface parking.
    • On‑site amenities include a fitness center, restaurant, café, pharmacy, shoe shine, postal service, dry cleaning, and convenient public transportation access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto Glass USA ... Auto Repair Shop WYES TV LLC Television Station Geocent Information Services Northwestern Mutual Financial Planner Bienville Capital Group ... Financial Planner

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Metairie
    County
    Jefferson Parish
    State
    Louisiana
    Longitude
    -90.1238357
    Latitude
    30.0009173

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    FAQs

    What type of property is this?
    Office space - Class A Office Tower, 57,353 SF Available
    Where is this office space located?
    The property is located at 111 Veterans Memorial Blvd Metairie, LA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 353,000 square feet of Class A office space in an 18-story building.; 24-hour managed security and professional building management.; 1,200 total parking spaces, including covered and surface parking.
    Request Owner's contact information
    111 Veterans Memorial Blvd Metairie, LA 70005
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    111 Veterans Memorial Blvd Metairie, LA 70005
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