2121 N Causeway Blvd

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2121 N Causeway Blvd

Metairie, LA 70001
Asking Price
$5.50M
Cap Rate
7%
Asset Type
Traditional Office Office
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Traditional office asset situated at 2121 N Causeway Blvd in Metairie.
  • Property is currently offered for sale at a price of 5,500,000 dollars.
  • Investment profile includes a stable current cap rate of 7 percent.
  • Strategically positioned within the active commercial professional corridor of Jefferson Parish.
  • Well-suited for corporate headquarters or various professional service firm operations.

What's Special

This traditional office property located at 2121 N Causeway Blvd in Metairie, Louisiana, presents a stabilized investment in a primary commercial corridor. Metairie serves as a vital economic hub within the Greater New Orleans metropolitan area, characterized by its dense professional service sector and strong accessibility via regional infrastructure. The asset is positioned to support a variety of professional business operations, legal firms, or corporate headquarters requiring a centralized presence in Jefferson Parish. The local submarket benefits from consistent demand for professional workspace driven by the proximity to major transit arteries and the surrounding commercial density. Investors looking for established income streams will find the property's financial profile aligns with current market performance standards for this asset class. The location provides connectivity to the broader New Orleans economy while maintaining a distinct suburban professional environment. This office facility serves as a functional choice for tenants seeking reliable infrastructure and proximity to regional amenities and business services within the Metairie corridor.

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NOI
$80,000
Cap Rate
1.45%
DSCR
0.24
Underwater
Cash-on-Cash
-14.94%
Monthly Payment
$27,210.999
Annual Cash Flow
$-246,531.989

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