28517 S Frost Rd - Distribution FOR SALE


Livingston, LA 70754
$19,950,000 USD
985-969-1957
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

  • Strategically located on the I-12 corridor with direct access to Baton Rouge, New Orleans, and the North Shore
  • Build to suit distribution hub for P-Americans, a wholly owned subsidiary of PepsiCo., Inc. who have demonstrated long term commitment to the site
  • Minimal Landlord responsibilities

OVERVIEW

Logistics Build To Suit Single tenant net lease build to suit completed for P-Americans, LLC, a wholly owned subsidiary of PepsiCo., Inc. in 2016. This property replaced two smaller facilities located in Baton Rouge, LA. The distribution center serves as a logistics hub for PepsiCo. brands including: Gatorade, Frito-Lay, Starbucks, Moutain Dew, and other related brands. Strategically Located on I-12 Corridor The distribution center is well-positioned on the I-12 corridor and services the Greater Baton Rouge Area, Greater New Orleans Area, and the Northshote. Recent Renewal Pepsi has approximately 6.5 years of remaining lease term with Pepsi recently executing a 6-year renewal through October 31,2032, demonstrating their continued commitment to the site. Landlord Responsibilities The landlord is responsible for roof, structure, and parking lot.

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

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

Beezie LandryStirling PropertiesMore Info
985-969-1957

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Beezie LandryStirling PropertiesMore Info
985-969-1957

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