Reduced!!! Industrial Investment Property

Industrial for Sale
Catylist Listing ID: 30265790
Property Subtypes: 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): 17,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.52 Acres
Sale Price: $720,000
Unit Price: $42.35 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/17/2018

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.

Tenant info:

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.

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 41
Tax ID/APN: 907960
Zoning: M11.52

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,399 99,751 242,104
Median Age: 34.61 34.56 34.4
Households: 4,083 39,943 96,790

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The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.