9% Cap Industrial Flex with Long-Term Lease off Airline Hwy
9% Cap Rate Industrial Property with Long-Term Lease off Airline Hwy
Marketing description
Now available for sale, 7623 E Industrial Ave in Baton Rouge, LA presents a solid investment opportunity for Industrial/Warehouse/Distribution investors with a 9% cap rate at the asking price.
The existing lease continues through April 2029, currently with rent at $3,090/month with a 3% annual increase. Furthermore, the tenant is responsible for reimbursing the property tax bill, while insurance is covered by the landlord.
The ±9,200 SF Office Warehouse is comprised of ±2,000 SF office space and ±7,200 SF warehouse space, and the property is equipped with three phase power, 5 grade level roll-up doors, and a fenced yard.
The property is conveniently located just ±450 ft off of Airline Hwy, a major thoroughfare traveling from Opelousas, through Baton Rouge, to New Orleans. This location allows the property easy access to several industrial hubs, such as Greenwell Springs Rd (±1 min), S Choctaw Dr (±1 min), and Florida Blvd / New Amazon fulfillment center (±4 min).
Investment highlights
- 9% cap at asking price
- Existing lease runs through April 2029
- Rent at $3,090/month with 3% annual increase
- ±450 ft off of Airline Hwy
- Three phase power, 5 grade level roll-up doors, fenced yard
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