201 Evans Rd, New Orleans, LA 70123
New Orleans, LA | 72,926.00 sq. ft. | Est $ 101,075.40/mo
Space Available: | 72,926.00 sq. ft. |
Type: | Industrial Office - Warehouse |
Est. Rent: | $1.54/SF/Month $18.48/SF/Year |
201 Evans Road is located in Harahan, Louisiana, in the Elmwood submarket, just minutes from downtown New Orleans. The property is located just 7 miles from Louis Armstrong New Orleans Airport. Great access via Jefferson Highway or River Road - less than 3/4 mile from S. Clearview Parkway. 201 Evans Road is comprised of four buildings totaling 72,927 square feet of office space. Budgeted NOI for 2022 is $488,782. At the asking price of $6,450,000, the per foot price of $88.45 is well below market comparables. Budgeted income represents a 7.57% capitalization rate. Current occupancy is 76.77%. The buildings are in great condition and have been professionally managed with attentive ownership for many years. The properties are well maintained. Buyer will have very limited Cap Ex exposure. The demised spaces are smaller sized which appeals to the majority of tenants in the market. There are no large, hard to lease spaces or expensive demising costs. All spaces are first floor spaces with parking very near to the suite entrances, which is appealing to tenants in the covid environment.
Warehouse Property Information
201 Evans Rd provides tenants 72926 square feet of warehouse space for rent in New Orleans, LA.
This property is ideal for businesses seeking quality space for distribution, manufacturing and other warehouse uses.
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