CML Commercial Real Estate Services, LLC

Property OverviewFormer Wink Building situated near Chef Mentur Hwy and easy access to I-10. Surrounded by a mix family residential and retail. Excellent for medical, professional, office or retail. Multiple offices in each suite along with warehouse space and 5 loading docks in rear of building. This is a very versatile building in a true growth area. Did not flood for Katrina.

Former Wink Building4949 Bullard AveNew Orleans, LA 70128

Office / Retail Space Available +/- 33,500 Total Sq Ft Gross +/- 31,500 GLALand Area 202,869 sq ft / 4.657 acres

Sale Price $1,980,000.00

For Sale

Additional DetailsNearest MSA New Orleans-Metairie-KennerCounty OrleansSubmarket Northshore / NO EastProperty Use Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business Zoning S-B2Highway(s) Access Chef Mentur, I-10Total Parking Spaces 175Rear Loading Docks 5

Contact: Jody Morris 985-290-5497 email: jem@bellsouth.netCML Commercial Real Estate Services, LLC office: 504-281-2232 3003 Jean Lafitte Pkwy., Chalmette, La 70043

Rear of Building

Price $1,980,000Down Payment 100% $1,980,000Price per Square Foot (GLA) $62.86Gross Leasable Area (GLA) 31,500Year Built/Renovated 1980 / 2012 - 2017Lot Size 4.657 Acres

VITAL DATACAP Rate - Current 3.5%Gross Lease Income – CurrentGross CAM Income - Current

$149,100.00$32,004

Total Income – CurrentGross Lessor Expenses

$181,104.00$111,900.00

Net Operating Income $69,204.00

Tenant NameSTE A

Vacant 4000sf

STE B Le & Le CPA

STE CJolly Kids Academy

STE DVacant 4800sf

STE EResource for Better Health

STE FVacant 5,400sf

STE GDukes,Divas & Dolls “Party Café”

STE FDukes, Divas & Dolls ‘Party Café”

CompanyLocal

Employees

University of New Orleans 3,171Lockheed Martin 2,500NASA 2,500USDA National Finance Center

1,750

Pendleton Mem Methdst Hosp

1,210

Jacobs Technology Inc 500Nobts 400Walmart 350Dillard University 338Trinity Yachts LLC 316Crescent Crown Dist LLC 315Lowes 308

Major Employers1-Mile 3-Miles 5-Miles

2014 Total Population

18,050 56,884 122,969

2019 Total Population

17,876 56,541 122,521

2014 Total Households

6,558 20,852 45,553

2019 Total Households

6,531 20,901 45,779

Median HH Income $31,270 $35,208 $33,247

Per Capita Income (based on Total Population)

$16,460 $18,565 $18,169

Average (Mean) HH Income

$45,244 $50,494 $48,770

Demographics

TenantsOFFERING SUMMARY

ExpensesCurrent

Real Estate Taxes $21,000.00

Property Insurance $22,500.00

Flood Insurance $1,200.00

Electric $54,000.00

Water $13,200.00

Total Annual Expenses $111,900.00

Expense ReimbursementsMonthly $2,667.00TOTAL ANNUAL COLLECTED $32,004.00

TOTAL EXPENSES VS Reimbursements ($79.896.00)

Vacant Space CAM 14,200 SF at $4.00SFPotential CAM Expenses VS Reimbursement

$56,800.00($23,096.00)

Income & Expenses

Gross Leasable Area (GLA) 31,500 SFCurrent Per SF

Base Rent

Occupied Space $149,100 $8.62

Vacant Space at Market Rents

$127,800 $9.00

GROSS POTENTIAL RENT $276,900 $8.79

Expense Reimbursements

Tenant $32,004

Vacant Space at $4.00SF $56,800

EFFECTIVE GROSS INCOME $365,704 $11.61 Property @ 100% Occupied

Total Expenses $111,900 $3.61

NET OPERATING INCOME $253,804 $8.06 Property @ 100% Occupied

Suite Tenant Term / Months Date Space / SF Base Rent CAM Total Monthly Base Rent SF CAM SFA Vacant 4,000 -$ -$ -$ -$ -$ B Le & Le CPA 36 5,400 3,500.00$ -$ 3,500.00$ 7.78$ -$ C Jolly Kids Academy LLC 60 8/18/17 thru 7/14/2022 3,000 2,000.00$ 1,000.00$ 3,000.00$ 8.00$ 4.00$ D Vacant 4,800 -$ -$ -$ E Resources for Better Health 36 4/1/16 thru 3/31/19 2,600 2,000.00$ 667.00$ 2,667.00$ 9.23$ 3.08$ F Vacant 5,400 -$ -$ -$ -$ -$ G Dukes,Divas & Dolls “Party Café” 36 6/1/16 thru 5/31/19 2,000 1,250.00$ -$ 1,250.00$ 7.50$ -$ H Dukes,Divas & Dolls “Party Café” 36 6/1/16 thru 5/31/19 4,300 3,675.00$ 1,000.00$ 4,675.00$ 10.26$ 2.79$

TOTAL 31,500 12,425.00$ 2,667.00$ 15,092.00$ 4.73$ 1.02$

4949 Bullard New Orleans La New Lease $$ New CAM $$Rents per Square Feet Option Periods With Option With Option

-$ -$ 1-three yr option 3,500.00$ -$ 1-five yr option 2,300.00$ -$

-$ 1-three yr option 2,200.00$ 700.00$

-$ -$ 1-three yr option 1,375.00$ 550.00$ 1-three yr option 4,050.00$ 1,400.00$

TTL Average Rents per Square Feet

13,425.00$ 2,650.00$

CML Commercial Real Estate Services, LLC

Former Wink Building 4949 Bullard AveNew Orleans, LA 70128

Contact: Jody Morris 985-290-5497 email: jem@bellsouth.netCML Commercial Real Estate Services, LLC office: 504-281-2232 3003 Jean Lafitte Pkwy., Chalmette, La 70043

4949 Bullard AveNew Orleans, LA 70128