664 Time Saver Ave
664 Time Saver Ave, Elmwood, LA 70123
Overview
SALE/LEASEBACK - 664 Time Saver Ave. presents an investment opportunity featuring a five (5) year sale-leaseback with an international mushroom farming & distribution tenant in place. Tenant has occupied the premises for over 30 years.
The +/- 8,100 SF industrial property includes +/- 900 SF of office space and +/- 7,200 SF of warehouse space, situated on a +/- 16,125 SF site with a +/- 3,600 SF walk in cooler and ample rack space. Loading via two (2) dock height overhead doors with load levelers and two (2) 12'x14' ground level doors. 3,200 SF rear yard 60% paved with generator in place and access by a 14' paved driveway.
The property is located at the foot of Time Saver Ave. in Elmwood Business Park, the area’s primary industrial and business park.
This offering presents a stabilized industrial asset with in-place income at a 7.5% cap rate at the list price.
For Sale
- Sale Price
- $1,000,000
- Price Per SF
- $123.46/SF
- Cap Rate
- 7.52%
- Building Size
- 8,100 SF
- Lot Size
- 16,125 SF
- Zoning
- M-1
- Zoning Desc.
- Light Industrial District
- Gross Income
- $375,840
- NOI
- $75,168
- Tenant
- South Mill Champs Mushrooms
- Building Name
- SALE/LEASEBACK - 664 Time Save Ave.
- Floors
- 1
- Parking Spaces
- 6
- Submarket
- Elmwood
- Nearest MSA
- New Orleans-Metairie
- Property Use Type
- Investment
- Property Status
- Existing
- Avg. Occupancy
- 100%
- Ceiling Height
- 16'
- Parish
- Jefferson
- Available
- 06/30/2026
- Listed
- 06/30/2026
- Updated
- 06/30/2026
- Listing ID
- a2053555
- Parcel APN
- 700006591