For Sale – Lease Back

Industrial for Sale
Catylist Listing ID: 30179796
Property Subtypes: Net Leased
Building Size (RSF): 18,000 SF
Gross Building Area: See Agent
Sale Price: $3,500,000
Unit Price: $194.44 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: 6.0%
Last Updated: 1/9/2018

Overview / Comments

Description: Approximately 18,000 sq. ft. office/vault/warehouse facility.

Land: Approximately 3.2 acres total. 2.1 acres for tenant use.

Zoning/Use: M-1, Industrial. Existing use is for armored and cash services.

Sale Price: $3.5 Million.

Tenant: Garda Supplies Rental & Services, Ltd. ( )

Cap Rate: 6% on year 1 net rental.

Term: 10 years; with four (4) renewal terms of five (5) years each.

Rent Structure: Lease will commence upon closing. Renewal increases to be negotiated. NNN lease, with landlord responsible for: HVAC replacement after year 6, structural, slab and roof.

Construction: Solid concrete construction.

Loading: 4 doors covered dock height loading in front of building.

Parking: Fenced and Paved employee parking 60+ for personnel vehicles.

Surplus Land: Approximately 50,000 sf fronting Dealers Avenue can be developed by the buyer for alternative uses.

Miscellaneous: Facility tours require 24 hours advanced notice to Agent. No pictures are allowed within the facility. Building plans are available for review after execution of Conf. Agreement.

Attachments & Media

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Submarket/Township: Airport-Metairie-Kenner
Tax ID/APN: JP-29658

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,250 121,762 316,698
Median Age: 38.13 41.49 39.56
Households: 4,161 52,963 131,617


Photograph of Listing Agent

Bert F Duvic CCIM SIOR

Max J Derbes Inc New Orleans, LA 70123-3229
© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.