72,926 SF Warehouse for Rent in New Orleans, LA

Warehouse Description

Located in Harahan, Louisiana, within the Elmwood submarket, 201 Evans Road offers prime office space just minutes from downtown New Orleans and 7 miles from Louis Armstrong New Orleans Airport. Boasting four buildings totaling 72,927 square feet, the property exhibits a high occupancy rate of 76.77%. Buildings are meticulously maintained, ensuring minimal maintenance expenses for buyers. With its versatile, smaller-sized office spaces, the property caters to the needs of a wide range of tenants, enhancing its marketability. The first-floor location and ample parking near suite entrances cater to tenant preferences in the post-pandemic era.

The warehouse component of 201 Evans Road comprises an impressive 150,000 square feet, featuring a 30-foot clear height and tilt-up concrete construction. Its 20 dock doors and 4 drive-in doors provide ample loading and unloading capacity. The building boasts an ESFR sprinkler system, T5 fluorescent lighting, and ample electrical service. Its column spacing of 50 feet x 50 feet and floor load capacity of 500 pounds per square foot ensure efficient storage and operations. The warehouse is further enhanced by a 5,000-square-foot office space, complete with amenities such as a kitchen and break room.

The property offers exceptional connectivity, with convenient access via Jefferson Highway or River Road and proximity to S. Clearview Parkway. Its strategic location provides ease of access for both employees and clients. With a budgeted NOI of $488,782 and an asking price of $6,450,000, the property offers a compelling investment opportunity with a 7.57% capitalization rate. This attractive pricing aligns with the property's excellent condition and limited Cap Ex exposure.