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

View FullscreenMap

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

Contact

Photograph of Listing Agent

Joseph Gerrity

Korman Gerrity Real Estate, LLC New Orleans, LA 70130
LACDB Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.