110,000 SF Distribution Space on I-10

Undisclosed Address, Lafayette, LA 70501
Industrial for Sale
Catylist Listing ID: 30868621
Property Subtypes: Flex Space, Free-Standing, Mixed Use, Light Industrial, Warehouse/Distribution
Building Size (RSF): 110,189 SF
Gross Building Area: See Agent
Sale Price: $5,250,000
Unit Price: $47.65 PSF
Ceiling: 30 ft.
Docks/Doors: 5 Docks
Drive In Bays: 6 Bays
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 4/10/2024

Overview / Comments

The asset being offered for sale is a 110,000 SF freestanding building that sits on over 9 acres. The property is located in the Lafayette area along Interstate 10. The site is nearly 100% improved with pavement and surface parking. The site offers multiple points of ingress and egress and has excellent accessibility to the Interstate. Additionally, the property benefits from excellent exposure to very high daily traffic counts. The property carries the correct zoning for the highest and best use and is located in Flood Zone X.

Currently the building is 100% occupied and in use. The offering includes the opportunity for an owner occupant to occupy 64,149 SF while benefiting from a strong NNN lease on the remaining 46,040 SF. Alternatively, there is an opportunity for an investor to acquire and add value by re-leasing the vacancy at market rents.

Please contact agents for more details. A NDA will be required to disclose the property location, address, and additional details. Please send back the attached NDA for more information and property specifics.

Attachments & Media

Additional Details

Tax ID/APN: 6002756
Property Condition: Good
Roof Type: Arched
Construction/Siding: Metal Siding
Parking Type: Structure
Column Spacing: 30 x 60
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Lighting: LED
Water Service: Municipal
Sewer Type: Municipal

Contact

Photograph of Listing Agent

Clinton J Shepard

Lee & Associates Lafayette, LA 70508
LACDB Member
Photograph of Listing Agent

Will Watson

Lee & Associates Lafayette, LA 70508
LACDB Member
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