28517 S Frost Rd - Distribution FOR SALE


Livingston, LA 70754
$19,950,000 USD
225-329-0269
28517 S Frost Rd, Livingston, LA for Sale
$19,950,000 USD
Distribution - FOR SALE
1/7
null | 6.32% Cap Rate

28517 S Frost Rd
Livingston, LA 70754


HIGHLIGHTS

  • ?Single tenant net lease build to suit completed for P-Americans, LLC, a wholly owned subsidiary of PepsiCo., Inc. in 2016.
  • The distribution facility is well-positioned and services the Greater Baton Rouge Area, Greater New Orleans Area, and the Northshore.
  • Approximately 6.5 years of remaining lease term with Pepsi recently executing a 6-year renewal through October 31, 2032.
  • ?The Landlord is responsible for roof, structure, and parking lot.

OVERVIEW

Completed in 2016 as a build-to-suit for P-Americans, LLC, a wholly owned subsidiary of PepsiCo, Inc.?, this purpose-built distribution facility consolidates the company's regional logistics operations into a single, modern hub along the I-12 corridor.? The property was designed to the tenant's specifications and supports the full breadth of PepsiCo's consumer portfolio across a densely populated Gulf South trade area, with direct service reach into the Greater Baton Rouge Area, Greater New Orleans Area, and the Northshore.? PepsiCo's recent execution of a 6-year lease renewal through October 31, 2032 reflects the site's continued operational importance within the company's regional supply chain, providing investors approximately 6.5 years of contractual cash flow backed by one of the world's most recognized investment-grade corporate parents.?

FOR SALE DETAILS

PRICE

$19,950,000 USD

PRICE/SF

$141 USD /SF

CAP RATE

6.32%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pepsi Beverages DC, Livingston

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

Warehouse, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

153

LAND DETAILS

LAND ACRES

15.43

LAND SF

671,957

ZONING

Commercial (NEC)

APN/PARCEL ID

0236265B

ASK ABOUT THIS PROPERTY

Justin LangloisStirling PropertiesMore Info
225-329-0269

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

Justin LangloisStirling PropertiesMore Info
225-329-0269

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