Leon Russ

Industrial for Sale
Catylist Listing ID: 30557917
Property Subtypes: Free-Standing, Mixed Use, Light Industrial, Self Storage, Warehouse/Distribution
Building Size (RSF): 8,710 SF
Gross Building Area: See Agent
Sale Price: $495,000
Unit Price: $56.83 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Last Updated: 2/2/2020

Overview / Comments

New Property!

GREAT Cash Flow, GREAT Property.

Apartments lease for Approx. $2,100/month (owner pays utilities)
2 Mobile Homes behind house pay $850/month total
Warehouse rents $1,000/per side. $2,000/month total.

Have Appraisal for $475k from May 2019 prior to some additional improvements.

Lot of extra space for working/storage/privacy!

Additional Details

Nearest MSA: Monroe
County: Ouachita
Tax ID/APN: 87608.
Highway Access: Yes
Site Description: The subject is one tract of land with an estimated 1.06 acre +/- on W/S of Highway 136 at the southern edge of Leon Russell Road, Sterlington ( Fairbanks) and northern edge of York Road. The site size was estimated by a legal description provided by the client (Survey).
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Excellent
Year Built: 2019
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,054 4,565 8,976
Median Age: 39.84 37.17 38.5
Households: 1,022 1,615 3,322


Photograph of Listing Agent

Joseph Gerrity

Korman Gerrity Real Estate, LLC New Orleans, LA 70130
LACDB Member
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