5969 McClelland dr - Industrial FOR SALE


Baton Rouge, LA 70805- Mid City Baton Rouge
$1,450,000 USD
225-810-3379
5969 McClelland dr, Baton Rouge, LA for Sale
$1,450,000 USD
Industrial - FOR SALE
1/12
null | 9.31% Cap Rate

5969 McClelland dr
Baton Rouge, LA 70805
Mid City Baton Rouge


OVERVIEW

The offering includes two adjacent industrial warehouse buildings located at 5959 and 5969 McClelland Drive, just off Airline Highway in Baton Rouge, Louisiana. Building 1 contains 19,651 SF and Building 2 contains 11,361 SF, for a total of 31,012 SF. Both buildings are fully sprinklered with 18' eave heights and are equipped with high-strength reinforced concrete slab foundations designed to support heavy equipment, as confirmed by geotechnical reports. Building 1 features three 20' × 18' overhead roll-up doors, while Building 2 includes two 20' × 18' overhead doors. The electrical system is serviced with 8,000 amps of 3-phase power, an existing air compression system, and full security fencing. Formerly utilized by a regional wholesale tire operator, the buildings are currently leased to GeoSurfaces, Inc., a subsidiary of TenCate, through November 30, 2029, with current NOI of approximately $135,000 annually. Although leased, the buildings are not currently occupied, offering a buyer flexibility for future owner-occupancy, partial leasing, or re-tenanting strategies. Property Highlights • Two (2) adjacent industrial warehouse buildings located at 5959 & 5969 McClelland Drive, just off Airline Highway in Baton Rouge, LA • Total Building Area: 31,012 SF: Building 1: 19,651 SF. • Building 2: 11,361 SF • Fully sprinklered buildings • 18' eave heights throughout • Overhead Doors: Building 1: Three (3) – 20' x 18' OHD doors. Building 2: Two (2) – 20' x 18' OHD doors • 8,000 amps, 3-phase electrical service • High-strength reinforced concrete slab foundations capable of supporting heavy equipment (per geotechnical reports) • Former wholesale tire facility, designed for heavy industrial use • Air compression system in place • Fully secured site with perimeter security fencing Tenant & Lease Information • Tenant: GeoSurfaces, Inc. (Parent Company: TenCate) • Lease Term: Through November 30, 2029 • Rent: $13,180.09/mo NN (TT pays Taxes and Insurance) • 2% Annual Rent Increases • Current NOI: Approximately $135,000 annually • Occupancy: Not currently occupied, providing future flexibility • Potential for owner-occupancy of one building • Ability to retain tenant, pursue a partial lease-back, or re-tenant one or both buildings over time

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$47 USD /SF

CAP RATE

9.31%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Leased Two-Building Industrial Investme

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

3

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

M1

APN/PARCEL ID

439932

ASK ABOUT THIS PROPERTY

Ransom PipesMaestri-Murrell Commercial Real EstateMore Info
225-810-3379

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Ransom PipesMaestri-Murrell Commercial Real EstateMore Info
225-810-3379

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