Investment Property - Distribution/Production Warehouse for Sale

Industrial for Sale
Catylist Listing ID: 30001022
Property Subtypes: Free-Standing, Warehouse/Distribution
Building Size (RSF): 65,000 SF
Gross Building Area: See Agent
Sale Price: $1,350,000
Unit Price: $20.77 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/9/2017

Overview / Comments

Building
Description: A total building area of approximately 65,000 square foot including a large grade & dock height warehouse building including approximately 4,500 sq. ft. of space within two ancillary buildings; fenced storage area on N 4th St side of building; construction is steel/wood/concrete block/concrete frame with concrete block, metal panel and brick veneer exterior walls; built-up roof; fully sprinklered.

Site: Approximately 4.6 acres +/-. Primary site improvements include perimeter fencing, and a combination of concrete/asphalt paving.

Zoning: L-I - Light Industrial

Loading: The rear of the building is a covered and enclosed loading bay, which is at dock height level (accesses via ramp from building interior); can accommodate up to three trucks.

Eave Height: 24’ +/- (main warehouse); 12’ to 16’ +/- (ancillary buildings)

Additional: Property is located within Flood Zone X.
Electrical: Heavy capacity and distribution (480 volt 3 phase with 1,500 KVA capacity)

Current Lease: Front large warehouse leased through April 30, 2020
- Monthly Rent: $12,187.50 (NNN)
- Tenant: Millenium Sak N Pak Southeast, LLC

Purchase Price: $1,350,000.00

Additional Details

Nearest MSA: Hammond
County: Tangipahoa
Submarket/Township: 84
Tax ID/APN: 18T7R80000529

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,070 14,801 45,790
Median Age: 36.02 35.08 33.62
Households: 845 5,853 17,109

Contact

Photograph of Listing Agent

David B. Quinn, SIOR

Max J Derbes Inc New Orleans, LA 70123-3229
Not a member of MCAR CIE
Photograph of Listing Agent

Jack Quinn

Max J Derbes Inc New Orleans, LA 70123-3229
Not a member of MCAR CIE
© Copyright Louisiana Commercial Database, LLC. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.