2075 Bayou Blue Rd

Industrial for Sale
Catylist Listing ID: 30211417
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Light Industrial, Truck Terminal, Warehouse/Distribution
Building Size (RSF): 40,918 SF
Gross Land Area: 27 Acres
Sale Price: $1,150,000
Unit Price: $28.10 PSF
Ceiling: 8 ft. / 20 ft. Clear
Docks/Doors: 7 Doors
Office SF: 5,646 SF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/10/2019

Overview / Comments

This 27 acre facility includes varioius offices, training rooms, multiple cranes, machine shop, climate controlled warehouse space, covered storage, wash bays, heavy power, ample parking and outside storage. Clear heights range from 12' - 20' and it was built in 1972 & 2005.

This property also has multiple tenants which produce a monthly income of $9,500. These tenants only occupy one of the 6 warehouses, and land access to their respective space in the back of the property. All leases and existing tenants will rollover to the new owner. All day to day business and operations from the owner operator is on the front 6 acres of the main office and newer buildings and the additional fenced-in 3 acres of stabilized gravel yard space. Lastly there is an additional 8.8 acres of wooded land available for future development expansion. Location has a high traffic count of 13,102 cars/day and quick and convenient access to HWY 90 which is the main connection to New Orleans and Lafayette.

For any questions or to schedule showings call listing office at (985) 872-4597. Please give at least 24 hours notice.

Current Tenants

Tenant Business Name B&W Insulation
Is Renting? Yes
SF of Space Occupied 8,760 SF
Current Rent $4 PSF (Annual)
Tenant Business Name Communications Tower
Is Renting? Yes
SF of Space Occupied 1 SF
Current Rent $5,040 PSF (Annual)
Tenant Business Name Container Tenant 1
Is Renting? Yes
Suite Number 1
SF of Space Occupied 1 SF
Current Rent $10,800 PSF (Annual)
Tenant Business Name Container Tenant 2
Is Renting? Yes
SF of Space Occupied 2 SF
Current Rent $21,600 PSF (Annual)
Tenant Business Name Container Tenant 3
Is Renting? Yes
Suite Number 3
SF of Space Occupied 1 SF
Current Rent $6,000 PSF (Annual)
Tenant Business Name Container Tenant 4
Is Renting? Yes
Suite Number 4
SF of Space Occupied 1 SF
Current Rent $6,000 PSF (Annual)
Tenant Business Name Container Tenant 5
Is Renting? Yes
Suite Number 5
SF of Space Occupied 1 SF
Current Rent $11,400 PSF (Annual)
Tenant Business Name Container Tenant 6
Is Renting? Yes
Suite Number 6
SF of Space Occupied 1 SF
Current Rent $16,200 PSF (Annual)
Tenant Business Name Container Tenant 7
Is Renting? Yes
Suite Number 7
SF of Space Occupied 1 SF
Current Rent $10,800 PSF (Annual)
Tenant Business Name Container Tenant 8
Is Renting? Yes
Suite Number 8
SF of Space Occupied 1 SF
Current Rent $27,000 PSF (Annual)

Additional Details

Nearest MSA: Houma-Thibodaux
County: Terrebonne
Tax ID/APN: R03-12079
Zoning: UNZONED
Tenancy: Multiple Tenants
Total Number of Buildings: 6
Number of Stories: 1
Property Condition: Average
Year Renovated: 2005
Construction/Siding: Steel Frame
Parking Type: Surface
Total Parking Spaces: 100
Overhead Cranes: 4
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Fluorescent
Lot Frontage: 775'
Lot Depth: 1457'
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities, Other
Easements Description: Access to service the existing communications tower as well as access to their respective leased containers in the the back of the property.
Legal Description: ON THE RIGHT DESCENDING BANK OF BAYOU BLUE. 775' FRONT ON BAYOU X DEPTH TO SOUTH BANK OF ST. LOUIS CYPRESS COMPANY CANAL, COMPRISED WITHIN THE NORTH 1/2 OF SECTION 46, T16S R17E. BOUNDED ABOVE BY C.I. DUPRE FORMERLY, NOW, ARGUS CHAUVIN & BELOW BY MARVIN BATES. CB 2257/470.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,024 16,990 67,265
Median Age: 32.09 32.88 34.9
Households: 667 6,212 25,087

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.