403 W Admiral Doyle Dr - Distribution FOR SALE


New Iberia, LA 70560
$2,700,000 USD
337-341-8854
403 W Admiral Doyle Dr, New Iberia, LA for Sale
$2,700,000 USD
Distribution - FOR SALE
1/32
null | Request Cap Rate

403 W Admiral Doyle Dr
New Iberia, LA 70560


HIGHLIGHTS

  • Conveniently located with multiple access points, plus only 2.3 miles from US Highway 90, which bridges the gap between New Orleans and Houston.
  • Streamline operations with one loading dock, eight grade-level doors of varying sizes, and a power supply of 120/208v, 480v, and 3-phase power.
  • 403 W Admiral Doyle Drive is a partially fenced and secured facility with great accessibility, as well as 53 car parking stalls and 15 trailer stalls.
  • Prime amenities and key destinations nearby, like the Port of Iberia, 4 miles away, the Acadiana Regional Airport, and First Solar, both 5 miles away.
  • Leased to Omega Protein, a leading U.S. based producer of nutritional ingredients derived from marine and plant sources.

OVERVIEW

403 W Admiral Doyle Drive is a ±69,315 total square foot office/warehouse leased to Omega Protein, Inc, which operates as an additional warehousing space to their processing plant in Abbeville, LA. Omega Protein recently executed a 3 year lease with 5.56% annual increases in the initial term and has (1) 3 year option to extend with 3% annual increases. This industrial property in New Iberia, Louisiana spans approximately 69,315 total square feet of space, of which ±5,287 square feet is office and ±64,026 square feet is warehouse space. The main warehouse area has four grade level doors, one dock door, mezzanine storage space, 3 large overhead fans, drainage, and a paint booth. Column spacing ranges from 19’4” to 49’5” and clear heights range from 14’7” to 22’. The facility is equipped with 120/208v, 480v, 3-phase power. ±3,445 SF of the warehouse square footage is in a separate building off to the side of the main building which has four grade level doors. There is also a ±1,000 SF canopy structure in the rear of the property. There are 53 regular parking stalls and 15 trailer stalls. The property is partially fenced and has several access points on three sides. New Iberia, Louisiana is located in southern Louisiana, about 20 miles southeast of Lafayette, with easy access via U.S. Highway 90, a key corridor connecting the area to New Orleans and Houston. 403 W Admiral Doyle Drive is located approximately 4 miles from the Port of Iberia, and is approximately 5 miles from the Acadiana Regional Airport and First Solar Manufacturing Facility. First Solar is currently under construction on a 2.1M square foot facility where they will manufacture large solar panels. This is a $2+ billion dollar investment in the area that is projected to bring around 700 jobs to New Iberia. Additionally, the Port of Iberia is undergoing a dredging project deepening the canal which will open the door for larger vessel access and thus more business through the Port. There is a very positive outlook on the horizon for New Iberia.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$39 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

R&D, Manufacturing, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

22 Ft

DOCKS

1

DRIVE INS

8

PARKING SPACES

19

LAND DETAILS

LAND ACRES

3.82

LAND SF

166,399

ZONING

C4

APN/PARCEL ID

0501922000

ASK ABOUT THIS PROPERTY

Clinton ShepardLee and AssociatesMore Info
337-341-8854

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Clinton ShepardLee and AssociatesMore Info
337-341-8854

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