Catylist ID: #30179796
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|
|Unit Price:||$194.44 PSF|
|Property Use Type:||Net Leased Investment (NNN), Investment|
|Sale Terms:||Cash to Seller, Sale/Leaseback|
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
|Nearest MSA:||New Orleans-Metairie|
|Proximity:||1 mile||3 miles||5 miles|
Bert F Duvic CCIM SIORMax J Derbes Inc New Orleans, LA 70123-3229
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