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3300 Gravier St

32,527 SF 100% Leased Office Building New Orleans, LA 70119 £2,844,036 (£87/SF) 7.50% Net Initial Yield

Executive Summary

OPPORTUNITY ZONE PROPERTY: Located in the heart of Mid City, this historic office and warehouse property is leased on a NNN basis to El Guapo Bitters and is now available for sale. The property includes over 30,000 SF of improvements on nearly 1.5 acres of land. The property includes a full buildout complete with functional warehousing/storage/distribution space and like-new office space. The tenant’s lease expires in October 2026, at which point they have a 5-year option to renew. El Guapo Bitters, the Tenant at the site, manufactures, and distributes alcohol-free cocktail bitters, syrups, and mixers from the site, and is currently the all-time winning-est company in the Good Food Award elixir category.
The property is a 7-minute drive from downtown New Orleans and is in close proximity to major transportation arteries I-10 and Jefferson Davis Parkway. Also included are 3 vacant lots across Gravier Street.

Attachments

3300 Gravier St Brochure

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
32,527 SF
Building Class
B
Year Built
1900
Price
£2,844,036
Price Per SF
£87
Net Initial Yield
7.50%
NOI
£213,303
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
22,500 SF
Building FAR
0.50
Land Acres
1.50 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
MU-2
Parking
80 Spaces (2.46 Spaces per 1,000 SF Leased)

Amenities

  • Fenced Lot
  • Security System
  • Roof Lights
  • High Ceilings
  • Shower Facilities
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3300 Gravier St, New Orleans, LA - aerial map view
Walk Score ®
Very Walkable (73)
Bike Score ®
Biker's Paradise (96)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
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Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 1-05-2-060-08 Improvements Assessment £0
Land Assessment £5,333 Total Assessment £5,333

PROPERTY TAXES

Parcel Number
1-05-2-060-08
Land Assessment
£5,333
Improvements Assessment
£0
Total Assessment
£5,333
(504) 301-1002

  • Listing ID: 30634549

  • Date on Market: 11/01/2024

  • Last Updated:

  • Address: 3300 Gravier St, New Orleans, LA 70119

The Office Property at 3300 Gravier St, New Orleans, LA 70119 is currently available For Sale. Contact ben + burka for more information.

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Ben Jacobson

(504) 301-1002

(504) 301-1002

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