8814 Veterans Memorial Blvd - Storefront Retail/Office FOR SALE


Metairie, LA 70003
$6,900,000 USD
504-717-3648
8814 Veterans Memorial Blvd, Metairie, LA for Sale
$6,900,000 USD
Storefront Retail/Office - FOR SALE
1/10
null | 6% Cap Rate

8814 Veterans Memorial Blvd
Metairie, LA 70003


HIGHLIGHTS

  • Great Investment Opportunity!

OVERVIEW

The McEnery Company is pleased to offer for sale: 8814 Veterans Memorial Boulevard, a 33,069-square-foot retail opportunity in Metairie, Louisiana. The retail center is located along Veterans Memorial Boulevard, the premiere retail corridor in the region, boasting immediately proximate national retailers Wal-Mart, Home Depot, Academy Sports + Outdoors, and many more. The property is being offered at a 6% capitalization rate. There is immediate value-add potential through lease up of two (2) current vacancies, improved operational efficiencies, and renegotiation of gross leases, yielding a potential 7.8% unlevered return.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$209 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

122

LAND DETAILS

LAND ACRES

1.79 AC

LAND SF

77,890 SF

ZONING

C2

APN/PARCEL ID

0910011629

ASK ABOUT THIS PROPERTY

Gordon McLeodThe McEnery CompanyMore Info
504-717-3648

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Gordon McLeodThe McEnery CompanyMore Info
504-717-3648

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.