800-900 Atlantic Ave
New Orleans, LA 70114
Industrial Property For Sale

NNN Leased Industrial Investment Property in New O The subject property consists of two well maintained connecting 41000 square foot distribution warehouses (82000 square feet total) on 4.2 acres. These single tenant building(s) are located at 900 Atlantic Avenue and 901 Thayer Street in the southeast corridor of Orleans Parish. The site is comprised of two separate tracts located on the north side of Newton Street west side of Thayer Street and east side of Atlantic Avenue. Both tracts have frontage on Newton Street totaling 1210'. The two connected buildings are primarily warehouse however there is 2141 square feet of office space and 4120 square feet of climate controlled space. Warehouses feature two grade level roll-up doors and twenty dock high doors with truck well access. On site parking is available on a 1 acre paved parking lot with sufficient space to accommodate the current tenant and any further usersThere is currently a seven year Net Lease (very limited LL responsibilities) in place with Vital Records Control of LA LLC. The lease commenced on August 1 2016. The subject property is located one mile north of the Crescent City Connection on New Orleans' West Bank-- in the southeast corridor of Orleans Parish. This area of Orleans Parish is characterized by a mixture of properties and uses. Along Newton Street there is a combination of office/warehouse and distribution facilities similar in size age and condition to the subject property. Additionally there is office retail and residential developments in the immediate vicinity. The streets surrounding Newton Street include detached single family residential neighborhoods along with larger residential tracts. This property is also located less than a quarter mile from Federal City and Delgado Community College.