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745 S Galvez St

New Orleans, LA
Floors
2
Total Size
50,319 sqft
Zoning
M-1 INDUSTRIAL;
Year Constructed
0
Year Renovated
0
Building Class

About 745 S Galvez St

PORTFOLIO LISTING! This assembled group of six income producing and 100% leased properties, plus one parcel of vacant commercial land, are available for sale as one unit. Located with addresses in New Orleans, Metairie, Harvey, Baton Rouge & Hammond, the flex-style buildings are operating as a commercial refrigeration company (formerly Acme Refrigeration). All but one of the properties are now operated by a national corporation called United Refrigeration. The other location is operated by Ace Fastners. The primary term of the lease runs through April 2016 , plus two, five year options with CPI increases. The combined properties offer a Net Operating Income (NOI) of $203,777 annually. The property addresses are: • 745 Galvez, New Orleans, Louisiana 70119 • 1525 Eighth Street, Harvey, Louisiana 70058 • 301 Hickory Street, Harahan, Louisiana 70123 • 4429 Hearst Street, Metairie, Louisiana 70001 • SQ 13, Lot 10-A Clearview Estates Subdivision; Hearst Street, Metairie, LA 70001 • 7494 S. Choctaw, Baton Rouge, Louisiana 70806 • 1713 Corbin Road, Hammond, Louisiana 70403 In total, the Portfolio consists of approximately 50,319 sf of buildings and 137,874 sf of land. Shown by appointment only. Please do not approach employees or walk in un-escorted by a listing agent. Call for more information or to set an appointment to visit. - Number of buildings: 6 - Building condition: Average

Internet Providers for 745 S Galvez St

Provider Technology Max Download Speed Max Upload Speed
AT&T Louisiana DSL
25 Mb/s
1.5 Mb/s

The Neighborhood: Tulane - Gravier

Most listings are in the $0's per square foot per year. The Tulane - Gravier region is going through a decline in rates. In the last 3 months, the median rate decreased $23 per sqft per year. That's a 100% decline in rent.

Median Rate Median Size
Tulane - Gravier
/sqft/yr
sqft
Median Rate Median Size
Greater New Orleans Region $24
/sqft/yr
2,050
sqft

Median Rate over Time in Tulane - Gravier