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Marketing Presentation 4001 Division Street Metairie, Louisiana 70002 For Sale at $1,600,000 or For Lease at $10/SF NNN Robert Hand, MBA, CCIM, SIOR Louisiana Commercial Realty 3900 North Causeway Boulevard-Suite 1200 New Orleans, Louisiana 504-289-8172 May 13, 2017

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Page 1: Marketing Presentation 4001 Division Street Metairie ......Marketing Presentation 4001 Division Street Metairie, Louisiana 70002 For Sale at $1,600,000 or For Lease at $10/SF NNN Robert

Marketing Presentation 4001 Division Street Metairie, Louisiana 70002

For Sale at $1,600,000 or For Lease at $10/SF NNN

Robert Hand, MBA, CCIM, SIOR

Louisiana Commercial Realty

3900 North Causeway Boulevard-Suite 1200

New Orleans, Louisiana

504-289-8172

May 13, 2017

Page 2: Marketing Presentation 4001 Division Street Metairie ......Marketing Presentation 4001 Division Street Metairie, Louisiana 70002 For Sale at $1,600,000 or For Lease at $10/SF NNN Robert

Marketing Presentation 4001 Division Street Metairie, Louisiana 70002 | page 2

Louisiana Commercial Realty, LLC | 3900 North Causeway Boulevard-Suite 1200 | Metairie, Louisiana | 70002

All information is believed accurate but cannot be guaranteed.

CONTENTS

Location 3

Map 3

Property Description & Floor Plan 4

Zoning 5

Financials 6

Site Survey 7

About Louisiana Commercial Realty 8

Page 3: Marketing Presentation 4001 Division Street Metairie ......Marketing Presentation 4001 Division Street Metairie, Louisiana 70002 For Sale at $1,600,000 or For Lease at $10/SF NNN Robert

Marketing Presentation 4001 Division Street Metairie, Louisiana 70002 | page 3

Louisiana Commercial Realty, LLC | 3900 North Causeway Boulevard-Suite 1200 | Metairie, Louisiana | 70002

All information is believed accurate but cannot be guaranteed.

Location

Map

The property is located in Jefferson Parish, Metairie, Louisiana, one mile from the interchange of

Interstate 10 which runs from Florida to California, and Veterans Memorial Boulevard, a major 6-lane

median highway noted for the landmark 1,000,000 square foot Lakeside Mall which is 3 blocks from the

property.

Page 4: Marketing Presentation 4001 Division Street Metairie ......Marketing Presentation 4001 Division Street Metairie, Louisiana 70002 For Sale at $1,600,000 or For Lease at $10/SF NNN Robert

Marketing Presentation 4001 Division Street Metairie, Louisiana 70002 | page 4

Louisiana Commercial Realty, LLC | 3900 North Causeway Boulevard-Suite 1200 | Metairie, Louisiana | 70002

All information is believed accurate but cannot be guaranteed.

Property Description & Floor Plan The 16,465 square foot property includes a high eave warehouse ond office space on 44,504 SF land,

with paved parking in front and rear for 40 vehicles.

Warehouse: Temperature controlled 8,750 SF, masonry and metal exterior with steel frame and 20’ eave

height. One truck well and two 8’ x 8’ loading doors.

Office: 7,715 SF with 9’ ceiling height, includes training/conference rooms, large open work areas,

private offices and a courtyard.

Page 5: Marketing Presentation 4001 Division Street Metairie ......Marketing Presentation 4001 Division Street Metairie, Louisiana 70002 For Sale at $1,600,000 or For Lease at $10/SF NNN Robert

Marketing Presentation 4001 Division Street Metairie, Louisiana 70002 | page 5

Louisiana Commercial Realty, LLC | 3900 North Causeway Boulevard-Suite 1200 | Metairie, Louisiana | 70002

All information is believed accurate but cannot be guaranteed.

Zoning ZONED FC-2, FAT CITY RESIDENTIAL MIXED USE

This residential district is intended to create a walkable residential neighborhood with live-work

alternatives and neighborhood service uses. Capitalizing on proximity to the Fat City Pedestrian Core

District and the Lakeside Shopping Center, this district will be an attractive residential area for young

adults and empty nesters, with a mix of residential, office, and neighborhood services at street level and

residences on upper levels. For purposes of zoning compatibility standards, FC-2 shall be considered a

residential zoning district.

Permitted Uses Include:

Multi-Family

Retirement Housing

Architectural & Engineering

Fitness & Sports Center

Child Day Care

Retail

Page 6: Marketing Presentation 4001 Division Street Metairie ......Marketing Presentation 4001 Division Street Metairie, Louisiana 70002 For Sale at $1,600,000 or For Lease at $10/SF NNN Robert

Marketing Presentation 4001 Division Street Metairie, Louisiana 70002 | page 6

Louisiana Commercial Realty, LLC | 3900 North Causeway Boulevard-Suite 1200 | Metairie, Louisiana | 70002

All information is believed accurate but cannot be guaranteed.

Fat City Zoning No Longer Allows Bars, Liquor Stores or Convenience Stores

The purpose of the Fat City zoning districts is to promote a mixed‐use neighborhood with

residential uses and walkable amenities that attract adults and families. Fat City

includes three districts: FC‐1 Pedestrian‐Core; FC‐2 Residential Mixed Use; and, FC‐3

Commercial Mixed Use. Each of the three Fat City zoning districts is unique, but in

general, they all regulate setbacks, openings, entries, building materials, setback treatment,

landscaping, parking, signage, design standards, building height (minimum and maximum), use of the

ground floor, hours of operation, outdoor storage, fences, and mechanical equipment. The districts also

have provisions for reduced parking for mixed‐use buildings, shared parking, and parking mitigation.

Financials

Property taxes paid for previous year, plot 245-A, Hessmer Farms,

Ward 82, Parcel 0820037823.

Flood zone AE.

Financials Annual PSFProperty Taxes, Jefferson Parish 10,825$ 0.66$

Water 500$ 0.03$

Fire Insurance 12,882$ 0.78$

Flood Insurance 1,728$ 0.10$

Gas 400$ 0.02$

26,335$ 1.60$

Page 7: Marketing Presentation 4001 Division Street Metairie ......Marketing Presentation 4001 Division Street Metairie, Louisiana 70002 For Sale at $1,600,000 or For Lease at $10/SF NNN Robert

Marketing Presentation 4001 Division Street Metairie, Louisiana 70002 | page 7

Louisiana Commercial Realty, LLC | 3900 North Causeway Boulevard-Suite 1200 | Metairie, Louisiana | 70002

All information is believed accurate but cannot be guaranteed.

Site Survey

Page 8: Marketing Presentation 4001 Division Street Metairie ......Marketing Presentation 4001 Division Street Metairie, Louisiana 70002 For Sale at $1,600,000 or For Lease at $10/SF NNN Robert

Marketing Presentation 4001 Division Street Metairie, Louisiana 70002 | page 8

Louisiana Commercial Realty, LLC | 3900 North Causeway Boulevard-Suite 1200 | Metairie, Louisiana | 70002

All information is believed accurate but cannot be guaranteed.

About Louisiana Commercial Realty

Louisiana’s only commercial real estate broker with the CCIM and SIOR designations, an

MBA and the appraiser's practitioner license. We are known for using the latest

technology to help landlords and tenants solve their real estate problems, bringing a high

level of ethical conduct to the industry, with great attention to detail and professionalism.

We have expertise in every sector of commercial real estate, completing these landmark

projects:

one of the largest hotel acquisitions in New Orleans,

the largest warehouse disposition in downtown New Orleans,

several of the largest apartment developments in New Orleans,

the largest land disposition in Louisiana,

the largest contiguous office space lease negotiation in New Orleans CBD.

Nationally recognized expertise with expedited results:

Named Top 50 Financial Executive in New Orleans, 2012, by CityBusiness Magazine

Named Top 100 Investment Executive in the U.S., 1994, by Financial Planning Magazine

Member National Association of Realtors

Member New Orleans Metropolitan Association of Realtors

Past President, International Association of Financial Planners

Past President, New Orleans MSU Alumni Association

Past industry panel member for the NASD Board of Arbitrators

More national publications than any other broker in the state:

Commercial Investment Real Estate Magazine-“Valuing Real Estate Using Regression Analysis”.

Commercial Investment Real Estate Magazine-“Visualizing Risk In a Lease Buyout Decision”.

Commercial Investment Real Estate Magazine-“Using Lifestyle Demographic Analysis To Make

Better Commercial Real Estate Decisions”.

Chief Executive Officer Magazine-“Return of The AutoMat”.

Registered Representative Magazine-“ Providing a Higher Level of Services”.

Personal Financial Planning Magazine-“Using Technology To Help Clients”.