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5790 Crowder Blvd
New Orleans, LA 70127
Crowder Retail Center · Retail Property For Sale
Investment Highlights
- 31,552-Square-Foot, Multi-Tenant Retail Center: 93.64 Percent Occupancy
- 10.07 Percent Year One CAP Rate | Achievable 11.20 Percent Year Three CAP Rate
- Value-Add Opportunity:Lease the 2,007 Square Feet of Vacancy at $13.00+ Per Square Foot Plus Triple-Net Reimbursements
- Priced Below Replacement Cost: $106.68 Per Square Foot
- Value-Add Opportunity: Increase Rents Via Built-In Renewal Options
- Value-Add Opportunity: Refinance at a Lower Interest Rate in the Future
Property Facts
Property Type
Retail
Property Subtype
Health Club
Building Size
31,852 SF
Year Built/Renovated
1980/2014
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
4.37 AC
Zoning
C-3 - Heavy Commercial
Property Taxes
| Parcel Number | 3-9W-0-161-54 | Improvements Assessment | $232,350 |
| Land Assessment | $47,760 | Total Assessment | $280,110 |
Property Taxes
Parcel Number
3-9W-0-161-54
Land Assessment
$47,760
Improvements Assessment
$232,350
Total Assessment
$280,110
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