Reduced!!! Industrial Investment Property
|Catylist Listing ID:
Flex Space, Free-Standing, Industrial-Business Park, Manufacturing, Mixed Use, Light Industrial, Net Leased, Office Showroom, Self Storage, Truck Terminal, Warehouse/Distribution, Other
|Building Size (RSF):
|Gross Building Area:
|Gross Land Area:
|Property Use Type:
||Cash to Seller
Overview / Comments
Industrial investment property available for sale near Airline Hwy @ Tom Drive intersection. The property consists of a 17,000 SF office/warehouse that is leased to two tenants. The property generates a gross annual income of $81,360.00, The building sits on a 200'x 330' lot that is zoned M1.
Nothern Safety Supply: Primary lease term from November 1, 2014- October 30, 2017. Tenant has executed a 3-year renewal that runs from November 1, 2017 - October 30, 2020. Tenant pays $4,080 per month on modified gross lease terms.
Daphne Construction, LLC: Primary lease term from April 1, 2013 - May 31, 2018. Tenant has executed a 2-year renewal that runs from April 1, 2018 - May 31, 2020. Tenant currently pays $2,700 per month on modified gross lease terms.
||East Baton Rouge
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