Value-Add Industrial Minutes From US Hwy 90 | 3701 Avery Island Rd
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Value-Add Industrial Minutes From US Hwy 90 3701 Avery Island Rd
80,344 SF 34% Leased Industrial Building New Iberia, LA 70560 $1,450,000 ($18/SF) 5.77% Cap Rate
Investment Highlights
- Multi-tenant industrial value-add opportunity located approximately 35 minutes from Lafayette and proximate to US Highway 90 & State Route 14.
- Boasting immense value-add potential through gradual rate increases and lease-ups; market rents have grown by 5.5% year-over-year.
- 3701 Avery Island Road is located near national retailers and food providers, including Dollar General, Lowe’s, Enterprise, Waffle House, and more.
- 3701 Avery Island Road totals 80,344 square feet of industrial space and includes two large developable parcels of land.
- New Iberia has experienced sustained job growth, with major employers being Turner Industries, Ochsner Health, Haliburton, Bruce Food, and more.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Layout Visual
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Property Facts
| Price | $1,450,000 | Lot Size | 11.50 AC |
| Price Per SF | $18 | Rentable Building Area | 80,344 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.77% | Year Built | 2007 |
| Property Type | Industrial | Parking Ratio | 0.5/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 18 FT |
| Building Class | B | No. Drive In / Grade-Level Doors | 9 |
| Price | $1,450,000 |
| Price Per SF | $18 |
| Sale Type | Investment |
| Cap Rate | 5.77% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 11.50 AC |
| Rentable Building Area | 80,344 SF |
| No. Stories | 1 |
| Year Built | 2007 |
| Parking Ratio | 0.5/1,000 SF |
| Clear Ceiling Height | 18 FT |
| No. Drive In / Grade-Level Doors | 9 |
Amenities
- Fenced Lot
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $59,252 | |
| Land Assessment | $20,808 | Total Assessment | $80,060 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$20,808
Improvements Assessment
$59,252
Total Assessment
$80,060
zoning
| Zoning Code | Commercial (Commercial) |
| Commercial (Commercial) |
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Value-Add Industrial Minutes From US Hwy 90 | 3701 Avery Island Rd
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