Elmwood Oaks Office Park

201 Evans Road New Orleans, LA 70123

201 Evans Road, New Orleans, LA, 70123
Exterior 1
201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123 201 Evans Road, New Orleans, LA, 70123
FOR SALE FOR LEASE
Property Type:
Multi Tenant Office
Amount:
$6,450,000
Last Verified:
Jun 29, 2022

Highlights


Description

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.

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.

Building Size: 72926sq ft
Building Class: B
Lot Size: 6.64 acres


Documents

Sale Flyer MT
Lease Brochure *Free Rent Incentive*

Map of 201 Evans Road, New Orleans, LA, 70123

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.