$495,000

4845 Veterans BlvdMetairie, LA 70006Status: Withdrawn

Overview
Location
Features

This offering is for the sale of the leasehold estate / leasehold interests by the current tenant. The property being sold is the leasehold improvements and all rights afforded the tenant / assignee per the lease. An assignment will require the consent of the Landlord. The primary term of the ground lease was 25 years and is set to expire on August 31, 2021. The tenant shall have four, five year options to renew with increases in rent based on CPI increases over the prior 5 year period. Tenant shall have an option to purchase the land at the end of the primary term and each option period at appraised value for the land. The current annual rent is $119,790 per year with an increase scheduled on September 1, 2017. CPI increases are capped at 10%.

Catylist ID30054490
Listing typeCommercial
Property subtypeFree-Standing Building
StatusWithdrawn
List price$495,000
ConditionEXCELLENT
NeighborhoodAirport-Metairie-Kenner
Open house details
Full address4845 Veterans Blvd Metairie LA 70006
NeighborhoodAirport-Metairie-Kenner
ParishJefferson
Car storageSurface

Additional Info

Listing Courtesy Of Talbot Realty
AttachmentWhitney 4845 Vets Survey
AttachmentWhitney 4845 Vets Building Sketch
Attachment4845 Veterans - Brochure

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