For Sale or Ground Lease: 3545 N. I-10 Service Rd.

A once in a generational opportunity to Purchase or Ground Lease a combined 4.37 acre site in the heart of Metairie, Louisiana. Direct Interstate 10 visibility! The owners will consider offers on the entire site or Parcels A and B separately. The 3 story office building situated on Parcel A is currently known as the Crutcher–Tufts Building and contains 30,114 square feet of leasable space. The 1st floor is leased to 2 tenants (Stanley Security and State Farm). The 2nd and 3rd floors are currently vacant. The building on Parcel B is 100% leased to Enterprise for their car rental and sales facility. The leases in both buildings have provisions allowing the owner to cancel the leases with either a 6-month or 12-month notice. This is a perfect redevelopment opportunity with income in place. The zoning will allow for multi-family, hotel, office, retail or medical uses. Copies of leases, surveys, income statements, tax records, floor plans, Phase I environmental reports, etc. are available for review upon signing a Confidentiality Agreement. Pricing Guidance of $12.4M for both properties or $6.2M for either parcel separately. Owner will consider a Ground Lease Option at $820,000/Yr (Both Properties) or $410,000/Yr for either property individually, with an option to purchase at a TBD later date.