1245 Edwards Ave, New Orleans, LA 70123

Commercial property for lease

• Description
• Description: Approximately 18,000 sq. ft. office/vault/warehouse facility.Land: Approximately 3.2 acres total. 2.1 acres for tenant use. Zoning/Use: M-1, Industrial. Existing use is for armored and cash services. Sale Price: $3.5 Million.Tenant: Garda Supplies Rental & Services, Ltd. ( www.garda.com )Cap Rate: 6% on year 1 net rental.Term: 10 years; with four (4) renewal terms of five (5) years each.Rent Structure: Lease will commence upon closing. Renewal increases to be negotiated. NNN lease, with landlord responsible for: HVAC replacement after year 6, structural, slab and roof.Construction: Solid concrete construction. Loading: 4 doors covered dock height loading in front of building.Parking: Fenced and Paved employee parking 60+ for personnel vehicles.Surplus Land: Approximately 50,000 sf fronting Dealers Avenue can be developed by the buyer for alternative uses.Miscellaneous: Facility tours require 24 hours advanced notice to Agent. No pictures are allowed within the facility. Building plans are available for review after execution of Conf. Agreement. Building price details: $3,500,000.
• Contact info
• Bert F Duvic CCIM SIOR

  Max J Derbes Inc
• Note

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