Distribution Center For Sale

Industrial for Sale
Catylist Listing ID: 30150163
Property Subtypes: Warehouse/Distribution
Building Size (RSF): 116,000 SF
Gross Building Area: See Agent
Sale Price: $1,875,000
Unit Price: $16.16 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/14/2017

Overview / Comments

Building: 116,000 (+/-) square foot single-story distribution warehouse with block and metal insulated exterior walls and metal and Duralast insulated roof.

Land: 7.68 (+/-) acres (582' fronting Highway 51).

Office: 1,900 (+/-) square feet air conditioned.

Warehouse: 114,100 (+/-) square feet
Eave heights vary from 14' to 24'
Steel columns column spaced 24'6" through building width and 60' through building length.
Sprinkler system in place and the building is 100% heated.

Loading: Dock height with 9 truck positions.
South side has (6) 10'x10' and (2) 10' x 12' warehouse doors
North side has (3) 10'x10’ and (2) 10' x 12' warehouse doors

Location: This warehousing and distribution facility is strategically located just east of I-55 at the MS / LA state line and is well suited to serve New Orleans, Baton Rouge, Jackson, Hattiesburg and the surrounding areas.
Income and
Occupancy: This building is partially occupied by a strong and creditworthy tenant that has been in the space 10 years. This tenant is currently on a month to month basis and has expressed interest in a long term lease commitment. Tenant identification, rent, and occupied square footage available upon execution of Non-Disclosure agreement.
Opportunities exist to increase income by placing a tenant in the remaining vacant square footage. Rental rates have not changed since inception of the lease. Current lease is NN (taxes and insurance). There is additional opportunity to increase income by transitioning lease to NNN to include CAM and management costs.

Sale Price: $1,875,000.00

Additional Details

Nearest MSA: McComb
County: Pike

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,244 5,070
Median Age: 42.71 39.46
Households: 884 1,885

Contact

Photograph of Listing Agent

Gerard E Henry

Max J Derbes Inc New Orleans, LA 70123-3229
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