Catylist ID:
#30844100
Industrial Office Warehouses & Yard For Sale (SALE LEASEBACK)
Industrial
for Sale
| Catylist Listing ID: | 30844100 |
| Property Subtypes: | Free-Standing, Manufacturing, Light Industrial, Warehouse/Distribution, Other |
| Building Size (RSF): | 43,300 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 12 Acres |
| Sale Price: | $3,395,000 |
| Unit Price: | $78.41 PSF |
| Ceiling: | 20 ft. Clear |
| Docks/Doors: | 2 Docks, 2 Doors |
| Drive In Bays: | 5 Bays |
| Property Use Type: | Investment, Vacant/Owner-User |
| Building Name: | North Flannery Industrial Property |
| Sale Terms: | Cash to Seller, Owner Financing, Sale/Leaseback |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/17/2024 |
Overview / Comments
|
- PRICE REDUCTION - SALE LEASEBACK. - Looking for an offer. - The subject property located on North Flannery Road, is a large industrial property that a majority of the site is zoned M-1. - The property is located just north of the South Choctaw and North Flannery intersection. - The property consist of 12 +/- acres of stabilized secured yard and three office warehouses. - A majority of the property is leased to Waskey, which is a leader in the precast concrete products. Waskey leases one of the warehouses and a majority of the lay down yard. Letter Ride is the other tenant and they lease the main office warehouse. The third office warehouse along with approximately two acres of yard are occupied by the seller. - The site has easy access to I-12 via South Choctaw and the Central throughway. - The property can be accessed from North Flannery and Rushmore Drive. - The seller will entertain owner financing and he will consider leasing back a portion of the property. - Please contact listing agent for more detail. - Baton Rouge, LA – February 6, 2024 – Today the MOVEBR Program hosted the ribbon cutting for the South Choctaw (Flannery – Central Thruway) capacity roadway improvements. The project consists of widening the roadway from two lanes to four 12-foot lanes for a 1.1-mile stretch. This makes South Choctaw four lanes from Airline Highway to the Central Thruway. The improvements also include the installation of roadway lighting, subsurface drainage, and sidewalks on both sides of the roadway. Officials stated, “These improvements will be a significant benefit to this corridor.” |
Attachments & Media
Additional Details
| Nearest MSA: | Baton Rouge |
| County: | East Baton Rouge |
| Submarket/Township: | 41 |
| Tax ID/APN: | 014-5782-9 |
| Zoning: | C-2 & M-1 |
| Property Located Between: | Just north of South Choctaw |
| Highway Access: | Central Thruway to I-12 |
| Airports: | Baton Rouge or New Orleans |
| Site Description: | 12 plus acres of stabilized yard with three office warehouses. |
| Area Description: | Industrial properties |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 3 |
| Property Condition: | Excellent |
| Roof Type: | Arched |
| Construction/Siding: | Aluminum Siding, Steel Frame, Stucco |
| Parking Type: | Surface |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Package Unit |
| Lighting: | LED |
| Zoning Description: | Industrial M-1 & C-2 |
| Water Service: | Municipal |
| Sewer Type: | Septic |
| Easements: | Electric Lines |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 6,961 | 68,329 | 153,769 |
| Median Age: | 28.59 | 35.18 | 36.57 |
| Households: | 2,329 | 25,668 | 61,236 |
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