NEW ORLEANS FEDERAL FACILITY

Tenant

GSA - DEA & BSEE

Location

New Orleans, LA

Price

Unstated

CAP Rate

Unstated

Lease Term

Unstated

Occupancy

100%

Building Size

47,882 SQ FT

Property Type

Office

Year Built

1979 | 2017

Lot Size

2.96 Acres

Status

Sold

FEDERAL GOVERNMENT FACILITY
New long-term leases in place with United States Government.

ESSENTIAL FUNCTIONS FOR DEA AND BSEE
Facility is utilized by DEA for storage of sensitive materials which require high security, and by Bureau of Safety and Environmental Enforcement as the regional office responsible for the Gulf of Mexico Outer Continental Shelf Region and Atlantic Activities.

NEWLY RENOVATED FACILITY
New tenant improvements constructed according to the specific needs of DEA and BSEE.

TOP 10 PORT and TOP 50 MSA
Port of New Orleans is the 7th largest in the United States by total trade, and New Orleans is the 45th largest MSA in the United States.

The New Orleans Federal Facility is a 47,882 square foot multi-tenant industrial building located in the Elmwood Business Park. The building is 100% leased to three tenants, with approximately 60% of the rental income derived from two new, long-term leases with the United States Federal Government via the General Services Administration.