For Sale – Lease Back

Industrial for Sale
Catylist Listing ID: 30179796
Property Subtypes: Net Leased
Building Size (RSF): 18,000 SF
Gross Building Area: See Agent
Sale Price: $3,500,000
Unit Price: $194.44 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: 6.0%
Last Updated: 11/16/2017

Overview / Comments

Description: Approximately 18,000 sq. ft. office/vault/warehouse facility.

Land: Approximately 3.2 acres total. 2.1 acres for tenant use.

Zoning/Use: M-1, Industrial. Existing use is for armored and cash services.

Sale Price: $3.5 Million.

Tenant: Garda Supplies Rental & Services, Ltd. ( www.garda.com )

Cap Rate: 6% on year 1 net rental.

Term: 10 years; with four (4) renewal terms of five (5) years each.

Rent Structure: Lease will commence upon closing. Renewal increases to be negotiated. NNN lease, with landlord responsible for: HVAC replacement after year 6, structural, slab and roof.

Construction: Solid concrete construction.

Loading: 4 doors covered dock height loading in front of building.

Parking: Fenced and Paved employee parking 60+ for personnel vehicles.

Surplus Land: Approximately 50,000 sf fronting Dealers Avenue can be developed by the buyer for alternative uses.

Miscellaneous: Facility tours require 24 hours advanced notice to Agent. No pictures are allowed within the facility. Building plans are available for review after execution of Conf. Agreement.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Airport-Metairie-Kenner
Tax ID/APN: JP-29658

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,250 121,762 316,698
Median Age: 38.13 41.49 39.56
Households: 4,161 52,963 131,617

Contact

Photograph of Listing Agent

Bert F Duvic CCIM SIOR

Max J Derbes Inc New Orleans, LA 70123-3229
LACDB Member
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