1083 Forum Dr - Warehouse FOR SALE


Broussard, LA 70518
$2,444,000 USD
914-498-2225
1083 Forum Dr, Broussard, LA for Sale
$2,444,000 USD
Warehouse - FOR SALE
1/5
null | 6.75% Cap Rate

1083 Forum Dr
Broussard, LA 70518


HIGHLIGHTS

  • Brand New Lease | Options To Extend | Scheduled Rental Increases
  • NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • New Construction Office/Warehouse | Schaefer Industrial Park | Highway 90 | Strong Industrial Synergy
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) is NNN leased, OTC Industrial Technologies investment property located in Broussard, Louisiana. The tenant, OTC Industrial Technologies, recently signed a brand new 6-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features approximately 1.80% rental increases every two years throughout the initial term a, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,444,000 USD

PRICE/SF

$205 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

OTC Industrial | 6yr Corp NNN w/ Increases

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Freestanding, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.12

LAND SF

48,787

ZONING

Industrial

APN/PARCEL ID

1960001663

ASK ABOUT THIS PROPERTY

Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

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Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.