1145 E McNeese St - Warehouse FOR SALE


Lake Charles, LA 70607
$2,894,000 USD
480-221-4221
1145 E McNeese St, Lake Charles, LA for Sale
$2,894,000 USD
Warehouse - FOR SALE
1/6
null | 6.5% Cap Rate

1145 E McNeese St
Lake Charles, LA 70607


HIGHLIGHTS

  • Recent 7-Year Lease Extension | Option To Extend | Strong, Growing Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • E McNeese St (22,400 VPD) | Industrial Corridor | McNeese State University (5,300+ Students)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• The tenant recently signed a 7-year lease extension with 1 (7-year) option to extend, demonstrating their commitment to the site • The lease features flat rent in the initial term and a 14% rental increase at the beginning of the remaining option period, steadily growing NOI and hedging against inflation • Trane Supply, a global climate innovator who creates comfortable, energy efficient indoor environments for commercial and residential applications, has over 200 locations across the US

FOR SALE DETAILS

PRICE

$2,894,000 USD

PRICE/SF

$236 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trane Supply

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.96

LAND SF

41,818

ZONING

Industrial

APN/PARCEL ID

00453129D

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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