SEALED BID OFFERING - LoopNet · 2018-05-21 · SEALED BID OFFERING New Orleans Warehouse District...

SEALED BID OFFERINGNew Orleans Warehouse District Development Opportunity

332 St. Joseph Street/333 N. Diamond Street

Bids Due June 28, 2018

For more information:

June

28

Richard Stone, CCIMNAI Latter & Blum430 Notre Dame StreetNew Orleans, LA 70130Off 504.525.1311Dir [email protected] in Louisiana and Mississippi

Glennda BachLatter & Blum200 Broadway Street, Suite 142New Orleans, LA 70130Off 504.866.2785Dir [email protected] in Louisiana

332 St. Joseph Street/333 North Diamond Street

HYATTPLACE

New OrleansERNEST N. MORIAL

CONVENTION CENTER

French Quarter

Warehouse District

CBD

Sports/Entertainment

NEW ORLEANS

THE OUTLET COLLECTION

Cruise Ship Terminal

Strategic location near New Orleans’ most popular tourist destinations


NAI Latter & Blum (“Broker”) has been retained by Betty and Ida Enterprises, LLC (“Owner”) as the exclusive broker for this sealed bid offering. This information has been prepared by Broker for use by the principal (“Principal”) to whom Broker has provided this information. Although the information contained herein is based upon sources believed to be reasonably reliable, Owner and Broker, on their own behalf, and on behalf of their respective officers, employees, shareholders, partners, directors, members and affiliates, disclaim any responsibility or liability for inaccuracies, representations and warranties (expressed or implied) contained in, or omitted from, the information provided herein, or any other written or oral communication or information transmitted or made available to the recipient of this information. In amplification of and without limiting the foregoing, summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents but rather only outlines of some of the principal provisions

contained therein, and no representations or warranties are made as to the completeness and/or accuracy of the projections contained herein. Prospective tenants, purchasers, or joint venture partners of the Property should make their own investigations and conclusions without reliance upon the information contained herein or any other written or oral communication or information transmitted or made available.

Owner expressly reserves the right, exercisable in Owner’s sole and absolute discretion, to withdraw the Property from being marketed at any time and for any reason and/or accept an offer prior to the deadline for submission of bids stipulated herein. Owner and Broker each expressly reserve the right, exercisable in their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. Broker is not authorized to make any representations or agreements on behalf of Owner. Owner shall not have any legal commitment or obligation to any entity reviewing this information,

or making an offer to lease, purchase or partner for the development of the Property unless and until a written agreement has been fully executed, delivered and approved by Owner and the other party thereto and any conditions to Owner’s obligations hereunder have been satisfied or waived.

For more information, and to obtain access to full due diligence materials:

NAI Latter & Blum

Richard Stone, [email protected] +1 504 569 9319

Glennda [email protected] +1 504 583 2792

333 North Diamond Street, New Orleans, LA

The PropertyBuilt into the brickwork that still graces the St. Joseph Street elevation, the stylized eagle chained to a large “S” with a threshing tool and grains of barley is the emblem of the Security Brewing Company. One of a reported 41 pre-prohibition breweries that were located in the city of New Orleans, the brewery, owned by Peter Blaise, operated at this location from 1894 until 1913.

The subject property is located in the New Orleans Warehouse District, so named because it was once home to various 20th century factories, foundries and warehouses. It has now transformed into a plethora of art galleries, music venues, retail shops, apartments, condos, hotels, award-winning restaurants and world-class museums.

This offering is particularly well-suited for redevelopment into hotel, office or residential use, with striking upper floor cityscape views of New Orleans.


ADDRESS

LEGAL

LAND AREA ± 12,270 SF (105.59’/105’ X 116.60’/116.46’)

332 St. Joseph Street/333 North Diamond Street, New Orleans, LA 70130, with 105’ frontage on both St. Joseph and North Diamond Streets

ZONING CBD-6 Urban Core Neighborhood Mixed-Use District, well suited for hotel and multifamily development. Maximum building height for this location is 65’ & five stories

Historic Tax Credits: The subject property is located in the UPPER CBD historic district as recognized in the National Register of Historic Places, as well as the NO DDD Cultural District as established by The Cultural District program created by the Louisiana Legislature in 2007

IMPROVEMENTS Single story masonry warehouse with ±12,267 SFbrick and concrete foundation and a ±6,100 SF mezzanine. Main warehouse area has ceiling height of ±15 feet. Age 100+ years

Lots B, C, D, 17, 20, 21, 24 and 25, all located in Square 53 of the First District of the City of New Orleans, State of Louisiana

POTENTIALINCENTIVES

St. J

oseph S

treet


The Process - Sealed Bid Timeline

Property Inspections:

The property will be available for inspection on May 22, June 5 and June 19 from 10:00 a.m. to 12:00 noon and by appointment

Sealed Bid Deadline:

June 28, 2018 by 4:00 central time; All offers must be delivered to the offices of NAI Latter & Blum, 430 Notre Dame Street, New Orleans, LA 70130, Att: Richard Stone, CCIM and Glennda Bach, or via email to Richard Stone and Glennda Bach at [email protected] and [email protected]

Note:

Broker Participation:

Upon execution of a confidentiality agreement, interested buyers will be provided access to additional due diligence materials including a recent Phase One environmental report, survey and additional materials.

A suggested agreement to purchase document will also be provided to prospective buyers. Said document will provide for a thirty (30) day due diligence period, with a closing to occur within 14 days thereafter.

A brokerage fee of 2% of the sale price is avaialbe to procuring brokers, provided that a both broker and prospective buyer have executed a Broker Designation and Confidentiality Agreement and that said Agreement is acknowledged and accepted by listing broker. Please contact Richard Stone or Glennda Bach to obtain a copy of said agreement.


St. Joseph Street


Tchoupitoulas St. Side


St. Joseph Street


Cityscape Views at 65’


CBD View


First Floor


Mezzanine


N. Diamond Street


St. Joseph Street


Richard Stone, CCIMNAI Latter & Blum430 Notre Dame StreetNew Orleans, LA 70130Off 504.525.1311Dir [email protected] in Louisiana and Mississippi

Glennda BachLatter & Blum200 Broadway Street, Suite 142New Orleans, LA 70130Off 504.866.2785Dir [email protected] in Louisiana

www.latterblum.com

For more information:

Supplemental Imagery

https://drive.google.com/open?id=1gCswxa1DnJfDwr1ML7gM4Nmg5qzkjAdB

Other drone footage also available upon request

Panoramic 360° drone video at the property from a height of 65’ is available to view from the following link:





SEALED BID OFFERING - LoopNet · 2018-05-21 · SEALED BID OFFERING New Orleans Warehouse District...

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