333 River Rd - Warehouse FOR SALE


Jefferson, LA 70121
$2,175,000 USD
504-247-7255
333 River Rd, Jefferson, LA for Sale
$2,175,000 USD
Warehouse - FOR SALE
1/7
null | 6.34% Cap Rate

333 River Rd
Jefferson, LA 70121


OVERVIEW

NNN Lease Investment Offering Address: 333 River Road, Jefferson, LA 70121 Tenant: MAR-Cone Appliance Parts Co. (Private Company) Parent Company: mSupply, Private Equity backed by Genstar Capital Gross Building Area: 7,550 SF Office Area: 1,950 SF MAR-CONE Appliance Parts Co. Building: 7,550 SF MAR-CONE Land Area: 2 +/- acres Giacona Container Company Land Lease: 0.75 acres Lease Structure: MARCONE NNN GIACONA Gross Offering price: $2,200,000 Cap rate: 6.27% Current annual in NOI: $138,000 Credit Rating: B4 (Martini.ai) Five year $8,500 monthly, NNN Lease – Mar-Cone Appliance Parts Co. Marcone has one time right to terminate at the end of year three with six months notice and termination fee equivalent to six months base rent ($51,000) Marcone Responsible For Taxes, Insurance & CAM on their Building/Land area. Minimal Landlord Responsibilities Recently renovated interior and exterior with new construction office finishes Five year $3,000 monthly, Gross Lease on 0.75 Acres of Land – Giacona Container Company Giacona Responsible for maintenance and Property Insurance Landlord Responsible for Taxes Minimal Landlord Responsibilities Land Lease

FOR SALE DETAILS

PRICE

$2,175,000 USD

PRICE/SF

$288 USD /SF

CAP RATE

6.34%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

4

DRIVE INS

10

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.75

LAND SF

119,790

ZONING

M-2

APN/PARCEL ID

0700004380

ASK ABOUT THIS PROPERTY

Jimmy NewtonMax J. Derbes, Inc. RealtorsMore Info
504-247-7255

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Jimmy NewtonMax J. Derbes, Inc. RealtorsMore Info
504-247-7255

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