Metairie, Louisiana 70002 For Sale at $1,600,000 or For Lease at $10/SF NNN Robert Hand, MBA, CCIM, SIOR Louisiana Commercial Realty 3900 North Causeway Boulevard-Suite 1200 New Orleans, Louisiana 504-289-8172 May 13, 2017
Metairie, Louisiana 70002 page 2 CONTENTS Location 3 Map 3 Property Description & Floor Plan 4 Zoning 5 Financials 6 Site Survey 7 About Louisiana Commercial Realty 8
Location Metairie, Louisiana 70002 page 3 Map The property is located in Jefferson Parish, Metairie, Louisiana, one mile from the interchange of Interstate 10 which runs from Florida to California, and Veterans Memorial Boulevard, a major 6-lane median highway noted for the landmark 1,000,000 square foot Lakeside Mall which is 3 blocks from the property.
Property Description & Floor Plan Metairie, Louisiana 70002 page 4 The 16,465 square foot property includes a high eave warehouse ond office space on 44,504 SF land, with paved parking in front and rear for 40 vehicles. Warehouse: Temperature controlled 8,750 SF, masonry and metal exterior with steel frame and 20 eave height. One truck well and two 8 x 8 loading doors. Office: 7,715 SF with 9 ceiling height, includes training/conference rooms, large open work areas, private offices and a courtyard.
Zoning ZONED FC-2, FAT CITY RESIDENTIAL MIXED USE Metairie, Louisiana 70002 page 5 This residential district is intended to create a walkable residential neighborhood with live-work alternatives and neighborhood service uses. Capitalizing on proximity to the Fat City Pedestrian Core District and the Lakeside Shopping Center, this district will be an attractive residential area for young adults and empty nesters, with a mix of residential, office, and neighborhood services at street level and residences on upper levels. For purposes of zoning compatibility standards, FC-2 shall be considered a residential zoning district. Permitted Uses Include: Multi-Family Retirement Housing Architectural & Engineering Fitness & Sports Center Child Day Care Retail
Metairie, Louisiana 70002 page 6 Fat City Zoning No Longer Allows Bars, Liquor Stores or Convenience Stores The purpose of the Fat City zoning districts is to promote a mixed use neighborhood with residential uses and walkable amenities that attract adults and families. Fat City includes three districts: FC 1 Pedestrian Core; FC 2 Residential Mixed Use; and, FC 3 Commercial Mixed Use. Each of the three Fat City zoning districts is unique, but in general, they all regulate setbacks, openings, entries, building materials, setback treatment, landscaping, parking, signage, design standards, building height (minimum and maximum), use of the ground floor, hours of operation, outdoor storage, fences, and mechanical equipment. The districts also have provisions for reduced parking for mixed use buildings, shared parking, and parking mitigation. Financials Financials Annual PSF Property Taxes, Jefferson Parish $ 10,825 $ 0.66 Water $ 500 $ 0.03 Fire Insurance $ 12,882 $ 0.78 Flood Insurance $ 1,728 $ 0.10 Gas $ 400 $ 0.02 $ 26,335 $ 1.60 Property taxes paid for previous year, plot 245-A, Hessmer Farms, Ward 82, Parcel 0820037823. Flood zone AE.
Site Survey Metairie, Louisiana 70002 page 7
About Louisiana Commercial Realty Metairie, Louisiana 70002 page 8 Louisiana s only commercial real estate broker with the CCIM and SIOR designations, an MBA and the appraiser's practitioner license. We are known for using the latest technology to help landlords and tenants solve their real estate problems, bringing a high level of ethical conduct to the industry, with great attention to detail and professionalism. We have expertise in every sector of commercial real estate, completing these landmark projects: one of the largest hotel acquisitions in New Orleans, the largest warehouse disposition in downtown New Orleans, several of the largest apartment developments in New Orleans, the largest land disposition in Louisiana, the largest contiguous office space lease negotiation in New Orleans CBD. Nationally recognized expertise with expedited results: Named Top 50 Financial Executive in New Orleans, 2012, by CityBusiness Magazine Named Top 100 Investment Executive in the U.S., 1994, by Financial Planning Magazine Member National Association of Realtors Member New Orleans Metropolitan Association of Realtors Past President, International Association of Financial Planners Past President, New Orleans MSU Alumni Association Past industry panel member for the NASD Board of Arbitrators More national publications than any other broker in the state: Commercial Investment Real Estate Magazine- Valuing Real Estate Using Regression Analysis. Commercial Investment Real Estate Magazine- Visualizing Risk In a Lease Buyout Decision. Commercial Investment Real Estate Magazine- Using Lifestyle Demographic Analysis To Make Better Commercial Real Estate Decisions. Chief Executive Officer Magazine- Return of The AutoMat. Registered Representative Magazine- Providing a Higher Level of Services. Personal Financial Planning Magazine- Using Technology To Help Clients.