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Grainger Industrial Supply Center 601 S Galvez St

82,300 SF Vacant Light Industrial Building New Orleans, LA 70119 £5,370,050 (£65/SF)

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Investment Highlights

Great Opportunity for a Owner-User!
Access to Busline and Highway I-10

Current Paying Tenant!

Executive Summary

Approximately 82,300 sf of office/warehouse space at the corner of South Galvez St. and Poydras St. Ideal location for storage and distribution to all parts of Mid-City, CBD, and French Quarter. +/- 12,000 sf of office/showroom space in various states of repair. Loading via six (6) dock high rolling doors. Warehouse is partially climate-controlled. Formerly occupied as a large-scale moving and storage company. Fully sprinklered.
+/- 17,500 SF is leased to Grainger. Lease transfers to Buyer.

Property Facts

Price	£5,370,050	Number of Floors	1
Price Per SF	£65	Year Built	1980
Sale Type	Owner User	Parking Ratio	0.3/1,000 SF
Property Type	Light Industrial	Clear Ceiling Height	28 ft
Property Subtype	R&D	No. Dock-High Doors/Loading	6
Building Class	C	Level Access Doors	2
Lot Size	2.84 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.
Rentable Building Area	82,300 SF

Price	£5,370,050
Price Per SF	£65
Sale Type	Owner User
Property Type	Light Industrial
Property Subtype	R&D
Building Class	C
Lot Size	2.84 AC
Rentable Building Area	82,300 SF
Number of Floors	1
Year Built	1980
Parking Ratio	0.3/1,000 SF
Clear Ceiling Height	28 ft
No. Dock-High Doors/Loading	6
Level Access Doors	2
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.

Amenities

Signage

Space Availability

1st Floor
61,000 SF
Light Industrial
Full Build-Out
Now

Approximately 61,000 sf of office/warehouse space at the corner of South Galvez St. and Poydras St. Ideal location for storage and distribution to all parts of Mid-City, CBD, and French Quarter. +/- 12,000 sf of office/showroom space in various states of repair. Loading via six (6) dock high rolling doors. Warehouse is partially climate-controlled. Formerly occupied as a large-scale moving and storage company. Fully sprinklered.