• High Rate of Return and Low Price Per Square Foot – With an Entry Cap Rate of 9.50%, this Single-Tenant Industrial Property Offers an Investor a Great Return and In-Demand 16,935 SF over Two Warehouses with Fenced Outside Storage at a Well Below Replacement Cost $64 Per Square Foot
• Upcoming Renewal Option at a 13.33% Increase – Potential for Higher Return and Leverage to Facilitate a Longer or Early Renewal
• Below Market Rent – Market Rent at $10.47 / SF NNN (Source: CoStar) while Current Rent is $6.02 / SF NNN, Offering an Investor Further Upside
• Located Near US Route 90 – US HWY 90 runs from Texas to Florida and provides access to this industrial park
• The Houma-Thibodaux Region Led by Port Fourchon – Over 250 Companies Utilize the Port for a Base of Operations. Up to 1,200 trucks travel in and out of the Port each day
• Located Off Well-Traveled LA-Hwy 311 – Hwy 311 sees over 15,000 Vehicles Per Day
• Houma, Louisiana is Strategically Located to New Orleans, Baton Rouge and Lafayette