Catylist ID:
#30853579
| Catylist Listing ID: | 30853579 |
| Property Subtypes: | Free-Standing, Industrial-Business Park, Light Industrial, Net Leased, Warehouse/Distribution, Other |
| Building Size (RSF): | 6,000 SF |
| Gross Land Area: | 0.93 Acres |
| Sale Price: | $695,500 |
| Unit Price: | $115.92 PSF |
| Docks/Doors: | 1 Door |
| Office SF: | 296 SF |
| Property Use Type: | Investment, Business |
| Building Name: | Fastenal Fulfillment Center |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 0.06% |
| Last Updated: | 9/15/2023 |
Overview / Comments
|
Income-Producing Property For Sale offering 6% CAP Rate. Established Tenant with long-term lease + multiple options in place. Tenant: Fastenal Fulfillment Center. Built 2018. Very well maintained. Improvements: Warehouse/Office @ 6000 SF Total. Retail Showroom: 2,654 SF. 2 Private Offices + 8 cubicles/workstations: 296 SF. 2 Handicapped-Accessible Restrooms. Warehouse: 2,950 SF with (1) 12x14 Overhead Service Door. Showroom, offices and restroom areas: insulated/climate controlled. Warehouse/storage areas: insulated/no central HVAC. Vents + 6 ceiling-mounted commercial fans. Parking: Concrete Surface. 25 Striped Spaces. Handicapped Parking at Front Entrance. Warehouse Delivery Area: 10-12" post-tension concrete slab. Security Lighting/Gutter Systems in place. Land: Double lots totaling 0.93 +/- AC. Allows owner option for future expansion. Not in flood zone. On-site tours available. 24-hour notice. Restricted hours. Do not disturb tenants. List Agent Must Accompany. Site Plan and Floor Plan in Associated Docs. |
Financials
| Finance Data Year | 2023 |
|---|---|
| Real Estate Taxes - Annual($) | $4,057 (Annual) |
| Potential Rental Income | $48,000 (Annual) |
| Gross Operating Income | $6,246 (Annual) |
| Net Operating Income | $41,754 (Annual) |
Additional Details
| Nearest MSA: | Monroe |
| County: | Ouachita |
| Taxing Authority: | Ouachita Parish |
| Tax ID/APN: | 132430 & 132431 |
| Zoning: | B-4 HEAVY COMMERCIAL DISTRICT |
| Property Located Between: | Armand Connector and DeSoto Street |
| Highway Access: | Hwy 165 |
| Airports: | Monroe Regional Airport - 10 min (4.4 mi) via Central Ave |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 6,000 SF |
| Property Condition: | Excellent |
| Year Built: | 2018 |
| Construction/Siding: | Steel Frame |
| Parking Type: | Surface |
| Parking Description: | Concrete Surface. 25 Striped Spaces. Handicapped Parking at Front Entrance. Warehouse Delivery Area: 10-12" post-tension concrete slab. |
| Total Parking Spaces: | 25 |
| Eave Height: | 16 |
| Sprinklers: | None |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Engineered System, Other |
| Lighting: | Fluorescent |
| Internet Access: | DSL, ISDN, T1/T3 |
| Interior Description: | Improvements: Warehouse/Office @ 6000 SF Total. Retail Showroom: 2,654 SF. 2 Private Offices + 8 cubicles/workstations: 296 SF. 2 Handicapped-Accessible Restrooms. Warehouse: 2,950 SF with (1) 12x14 Overhead Service Door. |
| Zoning Description: | B-4 HEAVY COMMERCIAL DISTRICT |
| Lot Frontage: | 202 Feet |
| Lot Depth: | 200 Feet |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Land Ownership: | Owned |
| Legal Description: | LOT 3 and LOT 4 RICHARD'S BUSINESS PARK RESUB OF LOT 2 RAYMOND'S RESUB OF BLK 39 BREARD PLACE ADDN UNIT 3. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 7,046 | 51,845 | 88,521 |
| Median Age: | 32.15 | 33.83 | 34.33 |
| Households: | 2,777 | 21,085 | 35,077 |
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