Property profile

2840 Lausat St Metairie, LA 70001

OFF-MARKET
Warehouses
21,000 SF
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Property summary

AI-generated overview

This exceptional 21,000-square-foot warehouse in Metairie's M-1 Light Industrial zone presents a significant opportunity. The single-tenant property boasts a substantial 11,000+/- square feet of office space distributed across two floors, with 3,400+/- square feet situated on the second floor. Built in 1983 and renovated in 2008, this clear-span structure features a steel frame, concrete block, and metal construction. The ground floor includes 4,464 square feet of open, high-ceiling, air-conditioned production space. Ample parking is provided with 33 striped spaces. The property sits on a 34,863+/- square foot lot. Loading is facilitated by a 11' x 13' grade-level roll-up door, a 10' x 10' dock-high position with a roll-up door, and an additional 11' x 13' grade-level roll-up door at the rear. A large, paved, and fenced yard at the rear is accessible via a 15' paved, fenced, and gated side driveway secured by a FAAC key card system. The building is equipped with 3-phase, 480-volt power, metal halide and fluorescent LED lighting fixtures, and a 684-square-foot covered loading dock. The lease rate is $14,000 per month, net. This property is subject to LaBarre Business Park restrictive covenants.

Property profile

Verified
Property type Warehouses
Total area 21,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer
  • Building Supply Hardware & Home Improvement

Location

2840 Lausat St Metairie, LA 70001
Metairie metro
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Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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