Catylist ID:
#30824757
RTL cold/dry storage and distribution LEASE OPTION AVAILABLE!!!!
Industrial
for Sale
| Catylist Listing ID: | 30824757 |
| Property Subtypes: | Cold Storage, Flex Space, Food Processing, Free-Standing, Manufacturing, Mixed Use, Research & Development, Truck Terminal, Warehouse/Distribution |
| Building Size (RSF): | 89,311 SF |
| Gross Building Area: | 83,311 SF |
| Gross Land Area: | 4.62 Acres |
| Sale Price: | $2,370,000 |
| Unit Price: | $26.54 PSF |
| Ceiling: | 16 ft. |
| Docks/Doors: | 3 Docks, 3 Doors |
| Office SF: | 8,148 SF |
| Drive In Bays: | 3 Bays |
| Property Use Type: | Net Leased Investment (NNN), Vacant/Owner-User |
| Building Name: | RTL Tannery |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 3/23/2023 |
Overview / Comments
|
A LEASE CAN BE NEGOTIATED!!!! The Reptile Tannery Property is located inside the city limits of Lafayette, and it is subject to city of Lafayette zoning restrictions. The subject property is currently zoned IH (Industrial Heavy District)\ Its location along Dorset Avenue and neighboring properties support the highest and best use (light industrial) of the property. Based on our review of FEMA Panel No. 22055C 0160J (December 21, 2018), the subject site appears to be located inside Zone X (area outside the 500-year flood plain).Flood Hazard Insurance is typically not required for buildings located in Zone X. The building features 89,311 square feet of gross building area, Class C/S construction, poured concrete foundation, partial brick exterior, aluminum framed fixed glass tinted windows and doors, 16.5' to 19' eave heights, exterior lights, and ground mounted HVAC units. The office area features 8,148 square feet of finished space (i.e. +/-9%), asphalt tile/engineered wood flooring, gypsum board/exposed brick walls, 100 kw generator Formica/granite counter surfaces, suspended acoustical ceiling panels, 8.5' ceiling height, fluorescent and LED lights. The shop space features sealed/painted concrete and brick flooring which is rated for cold storage specs+/-5,800 sf of walk in coolers with potential for additional space for coolers, exposed steel infrastructure, natural light panels, enclosed wall and ceiling insulation, overhead roll-up doors, and fluorescent lighting. $1,000,000 Water filtration system. All environmental has been completed!! |
Attachments & Media
Additional Details
| Nearest MSA: | Lafayette |
| County: | Lafayette |
| Submarket/Township: | G2 |
| Taxing Authority: | lafayette |
| Tax ID/APN: | (Assessment Nos. 6020751, 6020754, and 6020755) were $7,879.11. |
| Zoning: | IH |
| Property Located Between: | Pinhook rd and I-49 |
| Highway Access: | I-49 hwy 90 |
| Airports: | Lafayette Municipal |
| Site Description: | The subject site has an irregular shape, but good potential for utility. It is level, at road grade, and has adequate visibility and access to/from Dorset Avenue and limited visibility from West Pinhook Road. Dorset Avenue is a two-lane, concrete-surfaced, public right-of-way. The subject property’s location provides convenient access to/from US Highway 90, US Interstate Highway 10, US Interstate Highway 49, Louisiana Highway 182, and fuel service stations, light/heavy-industrial businesses. |
| Area Description: | Mostly industrial / Commercial surrounds property |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 2 |
| Number of Stories: | 3 |
| Property Condition: | Fair |
| Year Built: | 1960 |
| Year Renovated: | 2017 |
| Roof Type: | Gable |
| Construction/Siding: | Aluminum Siding, Block, Brick, Concrete, Panelized, Steel Frame |
| Exterior Description: | Other features include a rear canopy (+/-2,800 sf), concrete paving and drives, and chain-link fencing Sewer Treatment Plant Water filtration system 100 kw generator 3 dock high bays |
| Parking Type: | Surface |
| Parking Description: | concrete parking adjacent to property and across the street. |
| Eave Height: | 19 |
| Passenger Elevators: | 1 |
| Freight Elevators: | 1 |
| Sprinklers: | None |
| X-Phase: | 3 |
| Heat Type: | Electricity, Natural Gas |
| Heat Source: | Central, Wall Units, Ceiling Units |
| Air Conditioning: | Engineered System |
| Lighting: | LED, Fluorescent, Incandescent, High Pressure Sodium |
| Internet Access: | Cable, Fiber Optic |
| Interior Description: | The building features +/-89,311 square feet of gross building area, Class C/S construction, poured concrete foundation, partial brick exterior, aluminum framed fixed glass tinted windows and doors, +/-16.5' to +/-19' eave heights, exterior lights, and ground mounted HVAC units. The office area features +/-8,148 square feet of finished space (i.e. +/-9%), asphalt tile/engineered wood flooring, gypsum board/exposed brick walls, Formica/granite counter surfaces, suspended acoustical ceiling panels, 8.5' ceiling height, fluorescent, LED lights. The shop space features sealed/painted concrete and brick flooring, exposed steel infrastructure, natural light panels, enclosed wall and ceiling insulation, overhead roll-up doors, and fluorescent lighting. 100 kw Generator, +/-5,800 sf of walk in coolers with potential for additional space for coolers |
| Zoning Description: | IH Industrial Heavy District |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | refer to attached description |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 9,323 | 64,642 | 141,851 |
| Median Age: | 34.83 | 34.93 | 34.53 |
| Households: | 3,887 | 26,457 | 57,626 |
| © Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Moody's assume any liability for errors or omissions. |
