3206 Coteau Rd - Service FOR SALE
New Iberia, LA 70560 |
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
FOR SALE DETAILS
PRICE
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CAP RATE
-
% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Global Vessel & Tank - 2 Unit Sale Leaseback
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Service
ADD'L SUBTYPES
Manufacturing, Service
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2008
UTILITIES
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CLEAR CEILING HT
28 Ft
DOCKS
-
DRIVE INS
2
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
0105479985
