Light Industrial Facility in Houma - Tract 3

Industrial for Sale
Catylist Listing ID: 29935515
Property Subtypes: Industrial-Business Park, Light Industrial
Building Size (RSF): 23,232 SF
Gross Land Area: 2.73 Acres
Sale Price: $810,000
Unit Price: $34.87 PSF
Property Use Type: Vacant/Owner-User
Building Name: Tract 3 - K+B Industries
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/20/2019

Overview / Comments

This listing is one of the tracts that is the former home of K+B Industries in East Houma. A complete breakdown of the improvements can be viewed in the uploaded PDF attachments.

Tract 3 includes:

- 2.7344 Acre total site area
- 23,232 SF of total building area
- 8,372 SF is office space
- 14,860 SF is shop and work areas
- One 5-ton bridge crane (90' wide)
- Covered Storage/Work Area
- 2.2 acres of lay down yard (1.76 acres is post-tension concrete)
- Subsurface drainage system
- Security fencing

The entire facility has a completed Phase 1 & 2 report along with a letter of no further action.

Located in Terrebonne Parish, the site is 11.5 miles to the U.S. Highway 90 Energy Corridor, 50 miles to Port Fourchon, and 2 miles from the Houma Airbase.

This property can be purchased as a whole (Listing #29935511) or in separate tracts (Tract 1 -4):
- Tract 1 at 2186 Gr. Caillou Rd.: #29935513
- Tract 2 at 2189 Denley Rd.: #29935514
- Tract 3 at 232 Redmond Rd.: #29935515
- Tract 4 at 2193 Denley Rd.: #29935516

All utilities are available, including SLECA electric and public sewer service.

This property in East Houma is near Munson Slip and the Port of Terrebonne, Houma Airbase, and Chabert Hospital. Nearby fabrication yards and oilfield service companies include Gulf Island Fabrication, LA Ship, NOV, Tetra, Sparrows, Swire, Schottel, GulfStream Services, and many more.

The Houma-Thibodaux MSA consistently has one of the lowest unemployment rates in Louisiana and has an 8 Parish retail draw of almost 450,000 people. It was recently ranked #6 of all nationwide mid-sized MSA’s by Area Development Magazine (May 2013) and was #24 overall out of 380 MSA’s in the U.S. This follows a January 2013 article in Forbes magazine naming Louisiana “America’s New Frontier for Business Opportunity”. In 2014, Houma was ranked as the 2nd Happiest Place to live in the U.S. and Louisiana was ranked #1 in Business Climate by Business Facilities Magazine. That same year, the U.S. Chamber of Commerce named LA the #1 export state, the #1 state in export growth, and the #2 state for income growth per capita. Most recently in 2015, Site Selection Magazine ranked LA #4 in Business Climate, its 6th straight Top 10 ranking. The magazine also awarded LA their Silver Shovel award in 2015 for the 6th consecutive year while ranking our economic development efforts #2 in the nation. Chief Executive magazine placed LA #7 in its "Best States for Business" in 2015.

For additional information, please contact the listing agent, Hank Babin at 985-804-9991.

Additional Details

Nearest MSA: Houma-Thibodaux
County: Terrebonne
Tax ID/APN: R04-28655
Highway Access: Fronts LA Highway 57 and is 11.5 miles to U.S. Highway 90 (Future I49)
Airports: 2 Miles to Houma Airbase

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,548 53,525
Median Age: 33.96 35.68
Households: 5,593 19,404


Photograph of Listing Agent

Hank Babin, III, CRE

Logan Babin Real Estate Houma, LA 70360
LACDB Member
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