Offered at $7,800,000 ($114/SF), this newly built 68,396 SF Class A industrial warehouse presents a rare opportunity to acquire a high-quality, income-producing asset below replacement cost in a high-growth corridor. The facility sits on 4.83 acres and includes generous truck court depth and 75 paved parking stalls. Located in the Northpointe Business Park in Covington (St. Tammany Parish), directly across from FedEx’s regional distribution hub, the site provides unmatched logistics access via I-12 and I-10, linking Baton Rouge, New Orleans, and Gulf Coast shipping corridors. This is one of the last parcels zoned for 24/7 industrial in this location, offering long-term competitive advantage. The building is custom engineered prefab metal erected onsite and exceeds Lowe’s national warehouse specs. Includes ESFR fire suppression, 24 dock-high doors, heavy 3-phase power, and open-span steel structure with minimal columns for maximized usable area. interior coloumn span 60' with 30' on each end. The property is approximately 83% leased to strong tenants on NNN leases, generating an estimated $499,000 in Year 1 net operating income, equating to a 6.4% cap rate. With active marketing of the remaining 11,554 SF of high-bay vacancy at $8/SF NNN, the asset offers a clear path to stabilization and projected Year 2 NOI of $547,000 (7.0% cap rate), delivering immediate income upside. Tenants reimburse all operating expenses, and many provide fixed NNN contributions that may exceed actual costs, creating additional profit through expense spread. This high-quality industrial asset combines stable in-place cash flow with near-term upside and long-term value creation, making it an attractive investment in one of the region’s most dynamic and rapidly growing submarkets.