520/524 Elmwood Park blvd - Light Distribution FOR SALE


Elmwood, LA 70123
$11,750,000 USD
985-960-6580
520/524 Elmwood Park blvd, Elmwood, LA for Sale
$11,750,000 USD
Light Distribution - FOR SALE
1/5
null | 7.91% Cap Rate

520/524 Elmwood Park blvd
Elmwood, LA 70123


OVERVIEW

Rare opportunity to acquire a stabilized investment property with value-add upside in Elmwood Business Park. Jefferson Business Center is an institutional grade multi- tenant flex industrial complex spanning 104,167 SF. Offering versatility, the buildings encompass suites ranging from 1,063 to 14,810 SF, catering to a diverse array of users. Characterized by front-office spaces and warehouses with convenient grade-level and dock access, these suites provide an optimal blend of functionality. Within this market, properties with comparable features are scarce, elevating this asset to a position of high desirability.

FOR SALE DETAILS

PRICE

$11,750,000 USD

PRICE/SF

$113 USD /SF

CAP RATE

7.91%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jefferson Business Center

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

R&D, undefined, Distribution

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

240

LAND DETAILS

LAND ACRES

5.32

LAND SF

231,739

ZONING

M2 Industrial

APN/PARCEL ID

0700006401

ASK ABOUT THIS PROPERTY

Leon AudibertProperty OneMore Info
985-960-6580

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Leon AudibertProperty OneMore Info
985-960-6580

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