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Greengate Two Office Building

Off-Market

1404 Greengate Drive, Covington, LA 70433

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  • Property Type Office - General Office
  • Property Size 35,386 SF
  • Lot Size 2.81 Acre
  • Parking Spaces Avail. 119
  • Parking Ratio 3.39 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 2016

Location

  • Walk Score ® Car-Dependent (38)
  • Bike Score ® Bikeable (53)
Powered by Walk Score ®
  • City Covington, LA
  • Zip Code 70433
  • Market New Orleans

Points of Interest

Racetrack

0.63 miles

Circle K Shell

0.70 miles

Circle K

0.74 miles

On The Run

0.74 miles

Chevron

1.63 miles

Sam's Club

2.91 miles

Chevron

3.44 miles

Shell

3.47 miles

Shell

6.00 miles

Shell

6.02 miles

Super 8 Motel- Covington

0.60 miles

Country Inn & Suites by Radisson, Covington, LA

0.60 miles

Hilton Garden Inn Covington/Mandeville

0.97 miles

Hampton Inn Covington

1.29 miles

Camellia House Bed & Breakfast

1.99 miles

Southern Hotel

2.07 miles

Green Springs Motel

2.79 miles

Comfort Suites Mandeville

3.39 miles

Abita Springs Hotel

3.55 miles

Blue Heron Bed & Breakfast

6.25 miles

Papa John's

1.88 miles

Del Porto

2.03 miles

Lola

2.23 miles

Sonic

2.32 miles

Firehouse Subs

2.66 miles

Olive Garden

2.70 miles

Sonic

3.43 miles

Domino's

3.68 miles

McDonald's

3.92 miles

Waffle House

4.19 miles

Northlake Christian School

0.33 miles

Tulane National Primate Research Center

0.81 miles

Lakeview Maria Montessori School

2.20 miles

E E Lyon Elementary School

3.30 miles

New Covenant Presbyterian Weekday School

3.49 miles

Kehoe France Northshore School

3.65 miles

Tchefuncte Middle School

4.16 miles

Magnolia Trace Elementary School

5.29 miles

Saint Joseph Seminary College

5.75 miles

Archbishop Hannan High School

5.92 miles

Apple Tree Academy

2.14 miles

Contacts

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Owner

  • True Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Covington

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Covington Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2021 Avg. Asking Rent $25.29
  • 2021 Office Vacancy Rate 4.29%
  • 2021 Office Completions (SF) 78,000
View more Covington market trends

Frequently Asked Questions

What is the total square footage of Greengate Two Office Building?

Greengate Two Office Building totals 35,386 square feet.

When was this property built?

Greengate Two Office Building was built in 2016.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.