Oak Street Modern Retail | 8228 Oak St
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Oak Street Modern Retail 8228 Oak St
3,540 SF 100% Leased Office Building New Orleans, LA 70118 £927,075 (£262/SF) 6.89% Net Initial Yield
Executive Summary
8228 Oak Street presents an exceptional opportunity to own a well-maintained, income-producing commercial property in a vibrant New Orleans location. This two-story building boasts ample off-street parking and a desirable spot on bustling Oak Street. The ground floor is leased on a favorable NNN basis to Primo Hoagies, a nationally recognized sandwich franchise. The upstairs unit is occupied on a month-to-month basis by a therapy office/studio apartment and could be owner/operated or leased out on a long term basis. The property is move-in ready for any investor seeking strong rental income. Owner-occupiers will also appreciate the convenient location and established tenants.
The property thrives in a popular commercial district. Neighbors include Zotz Cafe, Oak Street Brewery, Jacques-Imo’s, Maple Leaf Bar, Breads on Oak, and many more.
The property thrives in a popular commercial district. Neighbors include Zotz Cafe, Oak Street Brewery, Jacques-Imo’s, Maple Leaf Bar, Breads on Oak, and many more.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,540 SF
Building Class
B
Year Built
2000
Price
£927,075
Price Per SF
£262
Net Initial Yield
6.89%
NOI
£63,909
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
1,500 SF
Slab to Slab
10 ft
Building FAR
1.02
Land Acres
0.08 AC
Zoning
HU-MU
Parking
3 Spaces (0.85 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 1,500 SF | Office | Full Build-Out | 30 Days |
2nd Floor
| Size |
| 1,500 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
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2nd Floor
| Size | 1,500 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
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Walk Score ®
Walker's Paradise (93)
Bike Score ®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 7-16-1-106-02 | Improvements Assessment | £60,808 |
| Land Assessment | £8,521 | Total Assessment | £69,329 |
PROPERTY TAXES
Parcel Number
7-16-1-106-02
Land Assessment
£8,521
Improvements Assessment
£60,808
Total Assessment
£69,329
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Ben Jacobson -
Aaron Kazanoff -
ben + burka
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Oak Street Modern Retail | 8228 Oak St
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