401 St. Joseph St 401 Saint Joseph St 21,142 SF 100% Leased Office Building New Orleans, LA 70130 $6,972,621 CAD ($329.80 CAD/SF) 6.23% Cap Rate

Impressive triple-net historic corner office asset for sale in the Warehouse District. This c. 1905 site was once the location for the Gulf Shot Tower Company and later became several meatpacking and cold storage facilities prior to turning into top notch commercial headquarters. Redeveloped in 2017, high quality tenants occupy this Class A low-rise building with both old world charm and functional, innovative, open work space. The top floor is leased to Barefield Workspace Solutions, Inc., a premiere office furniture and supply headquarters and Steelcase distributor. The second floor is leased to WBEC South, the regional non-profit for WBENC that certifies women-owned businesses and its WB Collective, a pro-women owned co-working office suite. This is an excellent corner location opposite of the Woodward Wright Apartments, St. Joseph Lofts, and the Marriott Sonesta ES Suites and is a short walk to the Convention Center, Gallery Row, Lafayette Square Park and many other attractions. Contract
parking options available at the adjacent lot fronting on St. Joseph and the Magazine & St. Joseph large lot. The building is serviced by three phase power, is fully sprinkled and has a single-ply 50 mil Durolast Inc system with a 15 yr manufacturer warranty from 2007. Approximately 15' ceiling heights for both 2nd & 3rd floor; 7'6" ceiling height for 1st floor. The interior is 2007 new steel and concrete framing.
*Upon receipt of a signed Non-Disclosure Agreement, sufficient financials, survey, floor plans, etc will be provided. Tenants are not to be disturbed.