3206 Coteau Rd - Industrial FOR SALE


New Iberia, LA 70560
$16,000,000 USD
858-414-7849
3206 Coteau Rd, New Iberia, LA for Sale
$16,000,000 USD
Industrial - FOR SALE
1/7
null | 8% Cap Rate

3206 Coteau Rd
New Iberia, LA 70560


HIGHLIGHTS

  • Absolute NNN Lease Structure - Tenant is responsible for Taxes, Insurance, and Common Area Maintenance (CAM).
  • Property is being offered at an attractive 8% cap rate with potential for double digit cash on cash returns with current market financing.
  • Newly Constructed Long-Term Lease - Tenant will commit to a brand new 15-20-year lease extension which will commence at the close of escrow.
  • Included in the sale is roughly 20+ acres of raw, undeveloped land that can be seen as room for future expansion plans and or redevelopment purposes.
  • New Iberia, LA - #1 Leading Gulf Inland Port – Serves & supports as a regional anchor for over 100 companies contributing roughly $2 Billion to the lo
  • 10.4% Day 1 Cash on Cash At List Price - Nearly 12% 5 Year Average

OVERVIEW

Global Vessel & Tank – New Iberia, LA Brand new 15–20 year absolute NNN lease to Global Vessel & Tank, a leading ESOP-backed manufacturer of pressure vessels. The 52,830 SF facility sits on over 31 acres with a 29,400 SF expansion underway, expected to unlock $50M in additional revenue. Offering an 8.00% cap rate, 2–3% annual increases, and corporate guarantee, this is a rare opportunity for passive, industrial investment in one of Louisiana’s top fabrication markets.

FOR SALE DETAILS

PRICE

$16,000,000 USD

PRICE/SF

$195 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Global Vessel & Tank - 2 Unit Sale Leaseback

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

Manufacturing, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Christopher LaskeroAlpha Real Estate AdvisorsMore Info
858-414-7849

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Christopher LaskeroAlpha Real Estate AdvisorsMore Info
858-414-7849

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