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NNN Leased, ±25,000 SF Office Warehouse for Sale

$1,350,000

1424 4th St, Westwego, LA 70094

Active
Last Updated: 12/14/2023

25,000 sqft

Building Size

1.29 acres

Lot Area

Details:
Building Size:    25,000 sqft
Lot Area:    1.29 acres
Highlights:
  • 3.22% Actual CAP Rate, 7.53% Pro forma CAP Rate
  • 50% Occupied – Potential for investment or owner occupancy use
  • ±3 Minute access to Westbank Expy, ±8 minute access to Hwy 90 (Huey P Long Brg)
  • 7 Roll-up doors
Description:

This industrial investment property is currently listed at a 3.22% actual CAP Rate and a 7.53% pro forma CAP Rate.

The multi-tenant building is currently 50% 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 7 roll-up doors.

The current Net Operating Income is $43,438.63 annually.

The adjacent ±20,000 SF warehouse is also available for sale.

Lots A1, A2

Map:
Documents:
Title
Sale_Brochure.pdf
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