2121 North Causeway Boulevard, Metairie, LA for sale

Investment Overview

2121 N. Causeway Boulevard is a multi-tenant office property located near the intersection of N. Causeway Boulevard and I-10 in Metairie, offering strong visibility, high traffic counts, and convenient access from across the New Orleans MSA and the Northshore. The property is 94% occupied and leased to 18 tenants, providing in-place cash flow and a diversified rent roll. Many of the leases include annual rent increases, which have contributed to NOI growth, and the NNN lease structure helps reduce operating expense exposure for ownership. The property has also experienced strong leasing velocity in recent years. Professionally managed by SVN Urban Properties, the property has undergone numerous capital improvements in recent years. New owner will have the option to retain property management (this is reflected in NOI). It also offers abundant parking and additional revenue potential through lease-up of the remaining vacancy, renewal rent increases, and other income sources such as a billboard lease.