15,300 SF Office Building For Sale

Office for Sale
Catylist Listing ID: 29615828
Property Subtypes: Office Building
Building Size (RSF): 15,308 SF
Gross Land Area: 3.50 Acres
Sale Price: $1,700,000
Unit Price: $111.05 PSF
Property Use Type: Vacant/Owner-User, Business
Building Name: Danos Office Building
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/9/2018

Overview / Comments

~15,300 SF office building in Larose, LA in the heart of the energy corridor between Port Fourchon and Houma!

The office building (the former home of Danos) contains 32 offices with two large areas for cubicle office space; an executive office with a full bathroom, kitchenette, and private courtyard; one large conference room and one small conference room; a break area with kitchen; five secretarial areas; a server room (with dedicated cooling and humidity control); an employment application room; and a waiting/reception area. Building has security doors with card access; sprinkler system; and fire system monitoring.

The first floor has ~13,758 SF of downstairs office. And there is ~900 SF of upstairs office (with own bathroom) plus ~650 SF of upstairs storage (climate controlled and can be be easily converted to more office space). Building is wired with fiber optics, has a 208 volt power supply, and has a 150 KW diesel generator which can run the office for ~80 hours continuously on one tank.

Set on ~3.5 acres with 60+ parking spaces. Adjacent land may be able to be acquired.

Furniture also available to purchase (not included in current price). For a full list of FF&E available, please see the PDF attachment on the listing. Modular building (not included in SF) on property is leased and will be moved unless buyer wants to renew lease.

Showings require at least 24-hour advance notice. The building is available immediately as Danos moved into their new headquarters in mid-April.

Port Fourchon currently services 90% of all deepwater rigs and platforms in the Gulf of Mexico and it is the host of the Louisiana Offshore Oil Port (LOOP). The pipeline distribution from LOOP connects to over 50% of the U.S. refining capacity and is the only deepwater offshore oil terminal in the world.

The Houma-Thibodaux MSA consistently has one of the lowest unemployment rates in Louisiana and has an 8 Parish retail draw of almost 450,000 people. It was recently ranked #6 of all nationwide mid-sized MSA’s by Area Development Magazine (May 2013) and was #24 overall out of 380 MSA’s in the U.S. This follows a January 2013 article in Forbes magazine naming Louisiana “America’s New Frontier for Business Opportunity”. In 2014, Houma was ranked as the 2nd Happiest Place to live in the U.S. and Louisiana was ranked #1 in Business Climate by Business Facilities Magazine. That same year, the U.S. Chamber of Commerce named LA the #1 export state, the #1 state in export growth, and the #2 state for income growth per capita. Most recently in 2015, Site Selection Magazine ranked LA #4 in Business Climate, its 6th straight Top 10 ranking. The magazine also awarded LA their Silver Shovel award in 2015 for the 6th consecutive year while ranking our economic development efforts #2 in the nation. Chief Executive magazine placed LA #7 in its "Best States for Business" in 2015.

For additional information, please contact the listing agent, Hank Babin at 985-804-9991.

Additional Details

Nearest MSA: Houma-Thibodaux
County: Lafourche
Tax ID/APN: 0102522300

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,314 6,340 12,945
Median Age: 35.47 37.51 36.96
Households: 831 2,302 4,623


Photograph of Listing Agent

Hank Babin, III, CRE

Logan Babin Real Estate Houma, LA 70360
LACDB Member
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