Warehouse District Building for Sale

Office for Sale
Catylist Listing ID: 30125107
Property Subtypes: Mixed Use, Office Building
Building Status: Under Construction
Building Size (RSF): 39,815 SF
Gross Building Area: See Agent
Sale Price: $10,750,000
Unit Price: $270 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/11/2017

Overview / Comments

864 S. Peters is a unique opportunity in the high-demand Warehouse District of New Orleans. 864 S. Peters consists of a 2-story historic structure attached to a newly constructed 5-story structure. The total square footage in both buildings is 39,815 sf.

Additionally, the roof of the 2-story historic building was constructed to add a large outdoor deck accessible from the 4th floor of the new building.

Plus there is a 1,000 ± sf executive balcony / deck on the 4th floor facing Canal Street.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Orleans
Submarket/Township: Uptown-Garden District
Tax ID/APN: 41145369
Zoning: CBD-2 HISTORIC COMMERCIAL & MIXED USE DISTRICT
Property Located Between: Fulton & Julia Streets
Area Description: 864 S. Peters Street, New Orleans, Louisiana, with lobby access on both St. Joseph and Fulton Streets and retail access on Fulton, St. Joseph, and S. Peters Streets. The property is one block from the Ernest N. Morial Convention Center. S. Peters is one of the major streets leading to the CBD, French Quarter, and the Warehouse District.
Total Number of Buildings: 2
Total Parking Spaces: 72

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,570 192,378 386,538
Median Age: 39.74 35.87 36.74
Households: 9,898 83,885 161,362

Contact

Photograph of Listing Agent

Michael J Siegel

Corporate Realty - Main Office New Orleans, LA 70170-0000
Photograph of Listing Agent

Hayden W Wren, III

Corporate Realty - Main Office New Orleans, LA 70170-0000
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