100% Leased Investment Property For Sale

1100 Edwards Avenue, Jefferson Parish, Elmwood, LA 70123. Located in the heart of Elmwood Business Park, one block north of Mounes Street A premier, high-cube distribution warehouse building comprising 40,500 square feet (150’ x 270’), well located near the main interior intersection of Edwards at Mounes, is presently leased to four tenants. Designed and built by Obermeyer Warehouse Company, consisting of masonry construction, 30-foot eave height, fire suppression sprinkler system, 3-phase electrical power, and a composite roof replaced in ‘07. Building has generous column space of 33.5’ x 37.5’, and heavy floor load capacity. The three office areas were recently built. Truck loading via various roll-up truck dock doors and drive-in access via exterior concrete ramp. Secured, gated private truck court and subsurface drainage. Potential to create an additional tenant space fronting Edwards Ave. 2.15 acres having 270 feet of frontage on Edwards Avenue by a depth of 338 feet, comprising 93,879 square feet of ground; zoned M-2 industrial district (survey attached). Four tenant leases presently generate $264,000 of rental revenue income annually and are under rented. Three lease terms expire this year, and the primary tenant/co-owner space being the front half of the building (21,000 SF) would leaseback for up to three years at a market rate. Balance of the building (19,500 SF) is potentially available by fourth quarter ’25 for buyer-user occupancy. Asking Sale Price: $5,950,000