Industrial Service Center For Sale

Industrial for Sale
Catylist Listing ID: 30861136
Property Subtypes: Flex Space, Industrial-Business Park, Mixed Use, Light Industrial, Office Showroom, Warehouse/Distribution, Other
Building Size (RSF): 99,000 SF
Gross Building Area: See Agent
Sale Price: $3,850,000
Unit Price: $38.89 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/19/2024

Overview / Comments

100% Leased Industrial Investment Opportunity. Located on Engineers road the site is improved with three, detached, ground level, multi-tenant, light industrial buildings containing a total of 99,000 SF/NRA. The facility includes ±12,400 SF (12%) of finished area. Eave Heights are approximately 14' sides/16' Center. There are 31 tenant spaces which range in size from 1,875 SF to 11,250 SF, with the majority being less than 2500 sq/ft. Occupancy is 100%. The improvements were originally built ±40 years ago and are in overall very good condition. The site is a rectangular shaped, ±236,000 SF or 5.42 acre usable (area inside toe of levee) site. The total site size is 9.32 acres and includes approximately 400' of frontage on the northern backline of the Intercostal Waterway.

The unit mix consists of mostly smaller spaces with minimal office buildout, of which there is steady demand. Below market rents provided for tremendous operational and economic upside.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Plaquemines
Submarket/Township: Plaquemines Parish
Tax ID/APN: 021|38
Zoning: I-3

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,624 55,313 153,757
Median Age: 37.05 35.03 36.02
Households: 2,147 18,614 55,061

Contact

Photograph of Listing Agent

Troy Hagstette

The McEnery Company Inc New Orleans, LA 70112
LACDB Member
Photograph of Listing Agent

S. Parkerson McEnery

The McEnery Company Inc New Orleans, LA 70112
LACDB Member
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