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Secure a stabilized investment with a newly executed 5-year lease to a strong national tenant at a 7.1% cap rate, featuring 3% annual rent increases and multiple renewal options--delivering immediate cash flow with built-in growth. State of the Art - NEW CONSTRUCTION 13,755 square foot warehouse/office facility with a 10 ton Crane on 1.7 acres in Garber Industrial Park right off of Hwy 90. This top-notch facility boasts 3,075 square feet of high-end office space & 10,680 square feet of warehouse. The warehouse will has 23' eave heights. The warehouse has 2 - 14' overhead roll up doors. 3 Phase Electrical, 480 Volt with 400 amps of service. The executive office area have upscale finishes, such as quality cabinetry, vinyl wood flooring and ceramic tile. Out of the 8 total offices, there are 2 large front corner offices, 7 generously sized offices, one lobby, reception area, ample sized break room that doubles as a conference room with a built-in kitchen, and 2 bathrooms. One shop bathroom is provided in the warehouse as well. Easy access for 18 wheelers. Slemco is the electricity provider and City of Broussard for water & sewer. Tenant in place. Do not disturb. Contact agent to schedule showing.
Features
Cooling System: Central Air
Heating System: Central
Legal Description: 6154406 / LOT 28 GARBER INDUSTRIAL PARK PH 2