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New Orleans, LA
THE INVESTMENT OPPORTUNITY
The property is in the BioDistrict, within 1 mile of the Veterans Administration Hospital, The University Medical Center, The Louisiana Cancer Research Center, and The New Orleans BioInnovation Center.
Effective rent growth over the last 12 months has averaged 12.9% in the Downtown New Orleans submarket – where the property is located.
Higher education is a significant economic driver as New Orleans is home to the University of New Orleans, Tulane University, Loyola, and Xavier, totaling over 29,000 students.
Approximately $1.4 billion in industrial construction projects are underway in the New Orleans MSA, with an estimated $39.28 billion proposed.
$93,650,000
Equity Raise
$45,000,000
$138,650,000
32.46%
330
$134,258,777
Purchase Price
$4,391,223
$4
$3
10%
0
Read More
At PassCo Properties, our mission is to create innovative and reliable real estate solutions while delivering exceptional value to our investors and end users. We are dedicated to staying proactive in identifying opportunities in the market, all while maintaining a responsible and ethical approach. Our strong belief in the power of partnerships drives our decision-making and forms the cornerstone of our operations.
1998
Year Established
Assets Under Management
Irvine, CA
Corporate HQ
