14 Acre Waterfront Industrial Facility in Houma

Industrial for Sale
Catylist Listing ID: 29893126
Property Subtypes: Industrial-Business Park, Light Industrial
Building Size (RSF): 60,501 SF
Gross Land Area: 14.06 Acres
Sale Price: $3,925,000
Unit Price: $64.87 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/9/2018

Overview / Comments

14-acre waterfront industrial facility on the Gulf Intracoastal Waterway with a semi-private slip. The site features approximately 1,660 linear feet of waterfront and 2,100 linear feet of road frontage.

It is improved with a 55,000 SF office/shop, a 2,400 SF dyno shop, a 625 SF small shop, and 2,476 SF of covered work area. The main building features 6,930 SF of offices (12 offices, reception area, 2 break areas, conference room, 6 bathrooms, copy room, and storage) and 48,070 SF of shop area with 26’ eaves, loading dock, 15 overhead doors, modular offices, locker room, bath rooms, and shower. The original structure was built in 2000 and has had additions and improvements added since construction.

Interior modular offices, bathrooms, and locker areas are not included in the square footage calculations but are to remain. Railways and two 15-ton bridge cranes in main shop area to remain.

Easy access by land, water, or air! Only 8.5 miles to US Highway 90 (Future I-49). It has Intracoastal Waterway frontage and is just 5.4 miles to the Houma Navigational Canal. The Houma Airbase is just 2.2 miles away and Armstrong International in New Orleans is just a 45 minute drive.

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: Terrebonne
Highway Access: Site is just off LA Highway 3087 (Prospect St.) and is 8.5 miles to US Highway 90 (Future I-49)
Airports: Houma Airbase is 2.2 miles
Site Description: The site is 14.059 acres total which includes more than half of a slip directly off of the Gulf Intracoastal Waterway. Approximately half of the site is improved with limestone, concrete, and the facility while the other half is open land for development or laydown yard. The site has approximately 1,660 linear feet of water frontage and 2,092 linear feet of road frontage.
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,285 25,425 61,318
Median Age: 33.37 34.39 35.46
Households: 1,131 9,176 22,636

Contact

Photograph of Listing Agent

Hank Babin, III, CRE

Logan Babin Real Estate Houma, LA 70360
LACDB Member
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