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Westpark Office Building
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Auction #
188-1 -
Interior Space:
± 114,931 SF -
Lot Size:
±23.05 acres -
Transaction Fee:
5%
Westpark Office Building
Commercial Property For Sale in Algiers, LA
1 Seine Court, Algiers, LA 70114Recently vacated by FEMA, who occupied the building for nearly ten years, 1 SEINE COURT is considered the premier office building on the Westbank. The previous list price was $12MM for the building only, but the auction features a minimum bid of $4.9MM and also includes an additional ±11 acres of prime development land (zoned retail, commercial or multi-family).
DIVERSIFICATION: The building is suitable as a corporate headquarters or for multiple tenants, as it was for many healthcare, financial and real estate/mortgage companies prior to FEMA’s tenancy.
LOCATION HIGHLIGHTS:
• Conveniently located off General DeGaulle Drive
• ±7 miles from the New Orleans Central Business District (CBD)
PROPERTY HIGHLIGHTS:
• Built in 1983; built-up roof replaced in 2009 w/20-year warranty
• ±114,931 SF of gross building area; ±106,888 SF of rentable area
• ±23.0513 acres total; ±11.9 acres developed
• Zoned SC (Shopping Center District) - accommodates uses permitted in a C-1 (Commercial Zoning District)
• ±11 acres of prime development land (Retail, Commercial or Multi-family)
• 594 existing parking spaces (1:180 RSF; 5:1,000 SFL ratio)
• Highly secure access system including guard gate house
• 2 x 99-ton and 1 x 85-ton Carrier HVAC units; chillers replaced in 2001, 2003 & 2009, respectively
• 3 hydraulic glass elevators for atrium view, each w/2,150 lbs capacity
DON'T MISS THIS INCREDIBLE INVESTMENT OPPORTUNITY!
Downloadable Documents Sign In to Access
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access AgreementFinancing
There is not a Preferred Lender for this auction. You may not include a financing contingency with your bid.
If you intend to purchase the property ALL CASH, you will be required to provide proof of verifiable funds prior to the offer deadline.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: Corporate Realty Leasing Company, Inc., LA BROK.0000010279.A-CORP
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.
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6Winner is DeclaredBuyer deposits purchase funds, and closing coordinator assists Buyer and Seller with final paperwork.
ADD PROPERTY TO FAVORITES
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Orleans Parish
Algiers, LA -
Property Type: Commercial Property
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Interior Space: ± 114,931 SF
-
Lot Size: ±23.05 acres
-
Transaction Fee: 5%
Recently vacated by FEMA, who occupied the building for nearly ten years, 1 SEINE COURT is considered the premier office building on the Westbank. The previous list price was $12MM for the building only, but the auction features a minimum bid of $4.9MM and also includes an additional ±11 acres of prime development land (zoned retail, commercial or multi-family).
DIVERSIFICATION: The building is suitable as a corporate headquarters or for multiple tenants, as it was for many healthcare, financial and real estate/mortgage companies prior to FEMA’s tenancy.
LOCATION HIGHLIGHTS:
• Conveniently located off General DeGaulle Drive
• ±7 miles from the New Orleans Central Business District (CBD)
PROPERTY HIGHLIGHTS:
• Built in 1983; built-up roof replaced in 2009 w/20-year warranty
• ±114,931 SF of gross building area; ±106,888 SF of rentable area
• ±23.0513 acres total; ±11.9 acres developed
• Zoned SC (Shopping Center District) - accommodates uses permitted in a C-1 (Commercial Zoning District)
• ±11 acres of prime development land (Retail, Commercial or Multi-family)
• 594 existing parking spaces (1:180 RSF; 5:1,000 SFL ratio)
• Highly secure access system including guard gate house
• 2 x 99-ton and 1 x 85-ton Carrier HVAC units; chillers replaced in 2001, 2003 & 2009, respectively
• 3 hydraulic glass elevators for atrium view, each w/2,150 lbs capacity
DON'T MISS THIS INCREDIBLE INVESTMENT OPPORTUNITY!
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access Agreement
Financing
There is not a Preferred Lender for this auction. You may not include a financing contingency with your bid.
If you intend to purchase the property ALL CASH, you will be required to provide proof of verifiable funds prior to the offer deadline.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: Corporate Realty Leasing Company, Inc., LA BROK.0000010279.A-CORP
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.