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Loop Building

Off-Market

137 Northpark Blvd, Covington, LA 70433

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  • Property Type Office - General Office
  • Property Size 30,000 SF
  • Lot Size 2.77 Acre
  • Parking Spaces Avail. 159
  • Parking Ratio 5.30 / 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 2009

Location

  • Walk Score ® Car-Dependent (37)
  • Bike Score ® Somewhat Bikeable (47)
Powered by Walk Score ®
  • City Covington, LA
  • Zip Code 70433
  • Market New Orleans

Points of Interest

Racetrack

0.43 miles

On The Run

0.53 miles

Chevron

1.99 miles

Sam's Club

2.69 miles

Texaco

3.20 miles

Chevron

3.41 miles

Shell

3.44 miles

Texaco

5.68 miles

Shell

5.91 miles

Goodbee Quick Stop

7.76 miles

Residence Inn by Marriott New Orleans Covington/North Shore

0.15 miles

Courtyard by Marriott New Orleans Covington/Mandeville

0.25 miles

Country Inn & Suites by Radisson, Covington, LA

0.35 miles

Super 8 Motel- Covington

0.36 miles

Comfort Inn & Suites Covington

0.55 miles

Holiday Inn Covington

0.57 miles

Hilton Garden Inn Covington/Mandeville

0.64 miles

Hampton Inn Covington

1.05 miles

Blue Willow Bed and Breakfast

2.24 miles

Holiday Inn Express Covington-Madisonville

2.73 miles

Burger King

0.40 miles

La Carreta

0.44 miles

Chick-fil-A

0.51 miles

Sonic

0.57 miles

Arby's

1.87 miles

Rally's

1.89 miles

Papa John's

2.25 miles

McDonald's

2.36 miles

Sonic

2.47 miles

Steak 'n Shake

2.56 miles

Tulane National Primate Research Center

1.08 miles

Christ Episcopal Early Childhood School

2.12 miles

Covington Elementary School

2.48 miles

Mary Queen of Peace Catholic School

3.52 miles

Pontchartrain Elementary School

3.77 miles

Fontainebleau High School

3.95 miles

Mandeville High School

4.24 miles

Abita Springs Elementary School

4.35 miles

Lake Castle Private School

4.38 miles

Archbishop Hannan High School

5.81 miles

Apple Tree Academy

2.50 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

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 Loop Building?

Loop Building totals 30,000 square feet.

When was this property built?

Loop Building was built in 2009.

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