47,000 SF Multi-Tenant Commercial Building near Amazon
Industrial | 10.04% CAP | 47,000 SqFt
Marketing description
This 47,000 SF multi-tenant commercial building is situated on 2.799 acres with 453’ of frontage along Monterrey Boulevard.
The property is zoned C-AB-2 and C1, allowing for a range of retail, office, fitness, or adaptive re-use concepts.
Fully heated and cooled, the facility features ceiling heights of 30+ feet, an indoor basketball court, walking track, pool, locker rooms, and multiple open-span areas.
Strategic location less than 2 miles from the recently built Amazon Fulfillment Center, now one of Louisiana’s largest employment hubs.
Currently 100% leased to Super Fitness, Peak Performance Physical Therapy, a wrestling group, and a barber, the property yields a 10% cap rate with below-market rents. Leases can be cancelled for owner-occupant.
All fitness equipment on site can remain.
Replacement cost: $300 PSF
Offering Memorandum https://buildout.com/sharing/3103-monterrey-blvd?file=4073313
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