Industrial, Industrial Bldg -Flex Space - Broussard, LA
INVESTMENT OPPORTUNITY! This property is approximately 17,500 SF with 2,500 SF of office and 15,000 SF of warehouse space. Site is +/- 1.62 acres and is stabilized and fully fenced. This property was initially leased by a National tenant who is still guaranteeing the lease. National tenant subleased the remaining lease through 3/31/2019 with a strong regional company who signed an extension with Lessor until 9/30/2021. So existing sub-lease tenant has a little over 4 years left on the lease. Lease is NNN with Lessee paying all expenses. Cap Rate is 8.5% and NOI = $117,600 per year. All office space has been renovated and updated within the past 2 years. New parking lot and concrete lay down yard on the side of the building. Super nice facility with great exposure to Hwy 90.
Would you like more information regarding this property?
Please call (337) 233-9540.
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