16 Acre, 117K SF Light Industrial Facility in Houma

Industrial for Sale
Catylist Listing ID: 29935511
Property Subtypes: Industrial-Business Park, Light Industrial
Building Size (RSF): 117,486 SF
Gross Land Area: 16.07 Acres
Sale Price: $3,950,000
Unit Price: $33.62 PSF
Office SF: 20,872 SF
Property Use Type: Vacant/Owner-User
Building Name: K+B Industries East Houma Yard
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/10/2017

Overview / Comments

This listing is the former home of K+B Industries in East Houma. The entire facility consists of 12 buildings and multiple tracts with ingress/egress on four roads. A complete breakdown of the improvements can be viewed in the uploaded PDF attachments.

Highlights include:

- 16.07 Acre total site area
- 117,486 SF of total building area
- 20,872 SF is office space
- 96,614 SF is shop and work areas
- 2,029 linear feet of frontage on 4 roads
- Six bridge cranes (One 15-ton, Four 5-ton, & One 3-ton)
- 16 jib cranes of varying sizes
- 13.38 acres of lay down yard
- 8.3 acres of post-tension concrete yard area
- Subsurface drainage system
- Security fencing

The entire facility has a completed Phase 1 & 2 report along with a letter of no further action.

Located in Terrebonne Parish, the site is 11.5 miles to the U.S. Highway 90 Energy Corridor, 50 miles to Port Fourchon, and 2 miles from the Houma Airbase.

This property can be purchased as a whole or in separate tracts (Tract 1 -4). Each tract is also individually listed. Individual listings are:
- Tract 1 at 2186 Gr. Caillou Rd.: #29935513
- Tract 2 at 2189 Denley Rd.: #29935514
- Tract 3 at 232 Redmond Rd.: #29935515
- Tract 4 at 2193 Denley Rd.: #29935516

All utilities are available, including SLECA electric and public sewer service.

This property in East Houma is near Munson Slip and the Port of Terrebonne, Houma Airbase, and Chabert Hospital. Nearby fabrication yards and oilfield service companies include Gulf Island Fabrication, LA Ship, NOV, Tetra, Sparrows, Swire, Schottel, GulfStream Services, and many more.

The Houma-Thibodaux MSA consistently has one of the lowest unemployment rates in Louisiana and has an 8 Parish retail draw of almost 450,000 people. It was recently ranked #6 of all nationwide mid-sized MSA’s by Area Development Magazine (May 2013) and was #24 overall out of 380 MSA’s in the U.S. This follows a January 2013 article in Forbes magazine naming Louisiana “America’s New Frontier for Business Opportunity”. In 2014, Houma was ranked as the 2nd Happiest Place to live in the U.S. and Louisiana was ranked #1 in Business Climate by Business Facilities Magazine. That same year, the U.S. Chamber of Commerce named LA the #1 export state, the #1 state in export growth, and the #2 state for income growth per capita. Most recently in 2015, Site Selection Magazine ranked LA #4 in Business Climate, its 6th straight Top 10 ranking. The magazine also awarded LA their Silver Shovel award in 2015 for the 6th consecutive year while ranking our economic development efforts #2 in the nation. Chief Executive magazine placed LA #7 in its "Best States for Business" in 2015.

For additional information, please contact the listing agent, Hank Babin at 985-804-9991.

Additional Details

Nearest MSA: Houma-Thibodaux
County: Terrebonne
Highway Access: Fronts LA Highway 57 and is 11.5 miles to U.S. Highway 90 (Future I49)
Airports: 2 Miles to Houma Airbase
Total Number of Buildings: 12
Volts: 480
X-Phase: 3-Phase

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 19,557 55,388
Median Age: 33.96 35.61
Households: 7,029 20,230

Contact

Photograph of Listing Agent

Hank Babin, III, CRE

Logan Babin Real Estate Houma, LA 70360
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.