Investment Property - Distribution/Production Warehouse for Sale

Industrial for Sale
Catylist Listing ID: 30001022
Property Subtypes: Free-Standing, Warehouse/Distribution
Building Size (RSF): 65,000 SF
Gross Building Area: See Agent
Sale Price: $1,350,000
Unit Price: $20.77 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/21/2018

Overview / Comments

Description: A total building area of approximately 65,000 square foot including a large grade & dock height warehouse building including approximately 4,500 sq. ft. of space within two ancillary buildings; fenced storage area on N 4th St side of building; construction is steel/wood/concrete block/concrete frame with concrete block, metal panel and brick veneer exterior walls; built-up roof; fully sprinklered.

Site: Approximately 4.6 acres +/-. Primary site improvements include perimeter fencing, and a combination of concrete/asphalt paving.

Zoning: L-I - Light Industrial

Loading: The rear of the building is a covered and enclosed loading bay, which is at dock height level (accesses via ramp from building interior); can accommodate up to three trucks.

Eave Height: 24’ +/- (main warehouse); 12’ to 16’ +/- (ancillary buildings)

Additional: Property is located within Flood Zone X.
Electrical: Heavy capacity and distribution (480 volt 3 phase with 1,500 KVA capacity)

Current Lease: Front large warehouse leased through April 30, 2020
- Monthly Rent: $12,187.50 (NNN)
- Tenant: Millenium Sak N Pak Southeast, LLC

Purchase Price: $1,350,000.00

Additional Details

Nearest MSA: Hammond
County: Tangipahoa
Submarket/Township: 84
Tax ID/APN: 18T7R80000529

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,070 14,801 45,790
Median Age: 36.02 35.08 33.62
Households: 845 5,853 17,109


Photograph of Listing Agent

David B. Quinn, SIOR

Max J Derbes Inc New Orleans, LA 70123-3229
LACDB Member
Photograph of Listing Agent

Jack Quinn

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