42548 Happywoods Rd | Hammond, LA 70403
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42548 Happywoods Rd
Hammond, LA 70403
Eastern Metal Supply · Industrial Property For Sale
Investment Highlights
- Eastern Metal Supply is one of the largest domestic distributors of custom and standard aluminum extrusions, servicing North, Central & South America
- The Property’s invaluable location will significantly mitigate downside risk as the lease matures and indicates a high probability of renewal
- The Port of South Louisiana ranks 1st in total domestic trade, 2nd in total foreign trade, and 3rd in both exports and imports
- EMS's lease has more than 6.5 years remaining, and features 10% rent escalations every 5 years throughout the initial term and in the (2) 5-yr options
- Located approximately 35 miles south of EMS, the Port of South Louisiana is one of the largest ports in the U.S. in total throughput tonnage
- Located at the intersection of I-12 and I-55, the city of Hammond is Tangipahoa’s commercial hub, and is one of the fastest growing parishes in LA
PROPERTY FACTS
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 7.65% | Year Built | 2008 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 0.38/1,000 SF |
| Building Class | B | Clear Ceiling Height | 24 FT |
| Lot Size | 4.92 AC | No. Dock-High Doors/Loading | 4 |
| Rentable Building Area | 80,000 SF | No. Drive In / Grade-Level Doors | 2 |
| Sale Type | Investment NNN |
| Cap Rate | 7.65% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 4.92 AC |
| Rentable Building Area | 80,000 SF |
| No. Stories | 1 |
| Year Built | 2008 |
| Tenancy | Single |
| Parking Ratio | 0.38/1,000 SF |
| Clear Ceiling Height | 24 FT |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 2 |
Amenities
- Security System
- Yard
PROPERTY TAXES
| Parcel Number | 06299490 | Improvements Assessment | $391,500 |
| Land Assessment | $34,680 | Total Assessment | $426,180 |
PROPERTY TAXES
Parcel Number
06299490
Land Assessment
$34,680
Improvements Assessment
$391,500
Total Assessment
$426,180
zoning
| Zoning Code | H-1 (Heavy Industrial) |
| H-1 (Heavy Industrial) |
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