Gerber Collision | Annual Rent Bumps | 1704 S Lewis St
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Gerber Collision | Annual Rent Bumps 1704 S Lewis St
9,845 SF 100% Leased Retail Building New Iberia, LA 70560 $725,000 ($74/SF) 7.10% Cap Rate
Investment Highlights
- Automotive Repair Investment with National Tenant
- Business Recently Acquired by Gerber Collision| 700+ Locations
- Recent Capital Expenditures include New HVAC Units, Roof & External Metal Siding
- Attractive 7.10% Cap Rate | 1.5% Annual Rent Bumps
- 20% Below Market Rent at $5.78/SF (According to CoStar) | Allows for Sustainable Long-Term Commitment to the Location
- Upside through Leasing 1,700 SF of Office Space
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
9,845 SF
Building Class
C
Year Built
1990
Price
$725,000
Price Per SF
$74
Cap Rate
7.10%
NOI
$51,475
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.40 AC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0200661000 | Improvements Assessment | $28,242 |
| Land Assessment | $10,888 | Total Assessment | $39,130 |
PROPERTY TAXES
Parcel Number
0200661000
Land Assessment
$10,888
Improvements Assessment
$28,242
Total Assessment
$39,130
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Gerber Collision | Annual Rent Bumps | 1704 S Lewis St
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