160 James DrSaint Rose, LA 70087

Property Details for 160 James Dr

Year built

1981

Lot size

3.62 AC

Property size (Sq ft)

25,772 SF

Zone code

M1

Property type

Medical offices

Property subtype

Medical centers

APN

-5- 524 002 00007

APU

552400200007

Description

This exceptional Class A office building, located at 160 James Drive East in Saint Rose, Louisiana, offers 25,772 square feet of executive office space within the prestigious James Business Park. Currently, 9,340 square feet is available for lease, including one contiguous space of 5,886 square feet. Built in 1981, this tilt-up concrete structure boasts large tinted windows, high-quality interior finishes, and ample on-site parking, including a large truck court. The property is zoned M-1 and situated in a professionally landscaped, campus-like setting, reflecting the high standards of James Business Park, a 200+ acre master-planned development home to many leading corporate tenants. Its strategic location provides unparalleled access to major freeways (Interstate 10 and Interstate 310 are within a short drive), Louis Armstrong New Orleans International Airport (approximately 1 mile west), and other amenities including hotels, restaurants, and banks. The building benefits from exceptional on-site management and maintenance, including two on-site managers, three dedicated maintenance personnel, and roving security, ensuring a superior level of service. This presents a unique opportunity to secure high-quality office space in a prime location within a thriving business park.

• CAP approach

  CAP return

  Valuation

  6%

  $4,086,962

  6.5%

  $3,772,581

  7%

  $3,503,111

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,965,911

  Geo Method

  $1,832,132

• Alternative Use

  Use

  Valuation

  Residential

  $4,678,000

  Hospitality

  $4,285,023

  Educational

  $3,565,089

  Medical

  $3,687,698

  Retail

  $5,545,694

Location Insight

City

Saint Rose

County

Saint Charles

State

Louisiana

Latitude

29.9827

Longitude

-90.2809

CBSA code

35380

CBSA name

NEW ORLEANS-METAIRIE-KENNER, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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