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19755513
19755512

141 N Lacarpe Cir, Houma, LA 70360

JD
TX TX 677506
CBRE Dallas
Listed by CBRE Dallas
$1,075,000
651 days on market
Updated 114 days ago

Lacarpe Industrial

Details
Property Type Industrial
Sub Type Flex
Square Footage 16,935
Cap Rate 9.49%
NOI $102,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Price per SqFt $63
Year Built 1981
Acreage 1.850
Investment Type Net Lease
Ceiling Height 16'

High Rate of Return & Low Price PSF

Marketing description

High Rate of Return and Low Price Per Square Foot – With an Entry Cap Rate of 9.50%, this Single-Tenant Industrial Property Offers an Investor a Great Return and In-Demand 16,935 SF over Two Warehouses with Fenced Outside Storage at a Well Below Replacement Cost of $64 Per Square Foot

Below Market Rent – Market Rent at $10.47 / SF NNN (Source: CoStar) while Current Rent is $10.47 / SF NNN while current rent is $6.02 / SF NNN, offering an Investor Further Upside

Upcoming Renewal Option at a 13.33% Increase – Potential for Higher Return and Leverage to Facilitate a Longer or Early Renewal

Located Off Well-Traveled LA-Hwy 311 – Hwy 311 sees over 15,000 Vehicles Per Day

Located Near US Route 90 – US HWY 90 runs from Texas to Florida and Provides Access to this Industrial Park

The Houma-Thibodaux Region Led by Port Fourchon – Over 250 Companies Utilize the Port for a Base of Operations. Up to 1,200 trucks travel in and out of the Port each day

Houma, Louisiana is Strategically Located Centrally to New Orleans, Baton Rouge and Lafayette

Listing Contacts

JD
TX TX 677506
CBRE Dallas
Listed by CBRE Dallas

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$102,000.00
$8,500.00/mo

Valuation Metrics

0
DSCR
9.49%
Cap Rate
9.49%
ROI

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Additional Information

Name
Bryce French
License
SALE.995690959
Brokerage
CBRE
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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