NNN Leased Warehouse with 12.10% CAP Rate
$1,080,000
1490 4th St, Westwego, LA 70094
20,000 sqft
Building Size
0.87 acres
Lot Area
Details:
Highlights:
- 12.10% Actual CAP Rate, 16.55% Pro forma CAP Rate
- 80% Occupied – Potential for investment or owner occupancy use
- ±3 Minute access to Westbank Expy, ±8 minute access to Hwy 90 (Huey P Long Brg)
- 5 Roll-up doors
Description:
This industrial investment property is currently listed at a 12.10% actual CAP Rate and a 16.55% pro forma CAP Rate.
The multi-tenant building is currently 80% leased. The buyer will have the potential to fully lease it out or to owner occupy.
The property enjoys just ±3 minute access to the Westbank Expressway, ±4 minutes access to Barataria Blvd, and ±8 minute access to Hwy 90 (Huey P Long Bridge).
The office warehouse is equipped with 5 roll-up doors.
The Net Operating Income is currently at $130,704.99 annually.
Current tenants include a healthcare / medical device company, a grill company, and a mechanic / garage. The owner has received LOIs from additional prospective tenants.
The adjacent ±25,000 SF warehouse is also available for sale.
Lot 39
Documents:
| Title | ||
|---|---|---|
| Sale_Brochure.pdf |
Location
Gallery
