Industrial Buildings w/Land for Sale (Subdivisible)

Industrial for Sale
Catylist Listing ID: 29972034
Property Subtypes: Light Industrial, Warehouse/Distribution
Building Size (RSF): 84,800 SF
Gross Building Area: See Agent
Sale Price: $1,975,000
Unit Price: $23.29 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/21/2018

Overview / Comments

Legal: Lot UM-1A, Fairview Plantation, Parish of St. Charles, St. Rose, Louisiana

Land Area: 7.99 acres with 244.48’ frontage on River Road. If subdivided, “Tract A”, parcel fronting River Road will have approx. 4.24 acres and rear parcel, “Tract B”, will have approx. 3.75 acres.

Building Description: Property improved with three (3) buildings described as follows: (1) 4,800 sq. ft. +/- office building, partially renovated, sloped metal roof added by owner. (2) 50,000 ground level “quonset-hut” warehouse facility with clearspan, high cube sections. Construction of steel frame with transite wall and roof panels. Building has sprinkler piping but condition of sprinkler is unknown. Connected to adjacent covered truck loading platform via ramp. (3) An approximately 30,000 sq. ft. truck level warehouse of “quonset-hut” style, which is also connected to covered dock level loading platform. Same construction type as 50,000 sq. ft. warehouse with two (2) clearspan sections. Building also equipped with sprinkler piping, but system not presently functional. Covered loading docks on south and east sides of building.

Zoning: M-1, Light Manufacturing and Industrial District

Additional: *Portions of facility partially occupied by a few month-to-month tenants presently (rental information available upon request).
*Rear 30,000 s. f. building (on “Tract B”) leased through 11/30/19 but cancellable 11/30/18 (by either party).
*Good soil condition and elevation
*Portion of former Universal Match Plant
*Excellent redevelopment opportunity for commercial/industrial user in need of larger facility w/land.
*Possible resubdivision into Proposed Tracts A & B; perpetual ingress-egress servitude on eastern boundary to be established if resubdivision occurs. Possible servitude shaded in yellow on aerial.

Sale Price: $1,975,000.00 (Tracts A & B); $1,100,000.00 (Tract A only); $875,000.00 (Tract B only)

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Charles
Submarket/Township: St Charles Parish
Tax ID/APN: 5518000UM-1A

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,288 45,998 160,627
Median Age: 35.47 35.85 39.63
Households: 1,175 16,736 61,306


Photograph of Listing Agent

David B. Quinn, SIOR

Max J Derbes Inc New Orleans, LA 70123-3229
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