7 CAP! Industrial Campus FOR SALE in Lafayette

Industrial for Sale
Catylist Listing ID: 30277557
Property Subtypes: Free-Standing, Industrial-Business Park, Manufacturing, Net Leased, Warehouse/Distribution
Building Size (RSF): 20,795 SF
Gross Land Area: 1.85 Acres
Sale Price: $1,390,000
Unit Price: $66.84 PSF
Ceiling: 22 ft. Clear
Office SF: 6,280 SF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Sale Terms: Cash to Seller
Cap Rate: 6.91%
Average Occupancy Rate: 100
Last Updated: 1/10/2019

Overview / Comments

INDUSTRIAL CAMPUS OPPORTUNITY:
• BUILDING AREA: 20,795 SF
• LAND: 1.85 Acres
• YEAR BUILT: 1978
• PRICE: $1,390,000

PROPERTY SPECIFICATIONS:

• LOCATION: 118 Thruway Park Road Broussard, LA 70518
• LAND AREA: 1.85 AC
• ZONING: IL
• NUMBER OF BUILDINGS: 3
• GROSS BUILDING AREA: +/- 20,795 SF
• AREA BREAKDOWN:
• OFFICE: +/- 6,280 SF (100% A/C)
• WAREHOUSE: +/- 14,515 SF (100& A/C)
• BUILDING CLASS: Class S - Steel Construction
• CLEAR HEIGHT: The clear height throughout the campus varies between 16-22’ eave height.
• CRANES: (2) Jib cranes, (1) 10-ton bridge crane, (1) 1-ton bridge crane
• UTILITIES: All available
• ELECTRICAL: 480 Volts; 3 phase
• HVAC: Central A/C and Heating units in all 3 buildings

BUILDING SIZE (SF) CLEAR HEIGHT YEAR BUILT/RENOVATED
• Office Building 6,280 16' 1978
• Large Machine Shop 12,994 22' 1978
• Small Machine Shop 1,521 16' 2017

This property is also being co-listed with Michelle Wogan at Transwestern. For more details call the local listing office at (985) 872-4597.

Attachments & Media

Current Tenants

Tenant Business Name Flowco
Website URL http://www.flowcosolutions.com/
Is Renting? Yes
Current Rent $8,000 PSF (Annual)
Lease Expiration 6/2021
Options Lessee has a one-time option to renew the lease at the end of its initial term for an additional 60 months (5 year period). The base rental for the additional 60 months (5 year term) shall be mutually agreed to in writing by Lessor and Lessee based on the market rate for similarly situated industrial properties in the Lafayette, Louisiana market.

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: O
Tax ID/APN: 6023576
Tenancy: Single Tenant
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Good
Year Built: 1978
Year Renovated: 2017
Parking Type: Structure

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 32,286 99,288
Median Age: 35.7 34.86
Households: 13,200 40,124

Contact

Photograph of Listing Agent

Hank Babin, III, CRE

Logan Babin Real Estate Houma, LA 70360
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.