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OTC Industrial | 6yr Corp NNN w/ Increases 1083 Forum Dr 11,900 SF Industrial Building Broussard, LA 70518 $2,444,000 ($205.38/SF) 6.75% Cap Rate
Investment Highlights
- Brand New Lease | Options To Extend | Scheduled Rental Increases
- New Construction Office/Warehouse | Schaefer Industrial Park | Highway 90 | Strong Industrial Synergy
- NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) is NNN leased, OTC Industrial Technologies investment property located in Broussard, Louisiana. The tenant, OTC Industrial Technologies, recently signed a brand new 6-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features approximately 1.80% rental increases every two years throughout the initial term a, steadily growing NOI and hedging against inflation. The lease is NN with minimal landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor.
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- OTC
- Manufacturing
-
99,999 SF
- -
-
Lorem Ipsum
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| OTC | Manufacturing | 99,999 SF | - | Lorem Ipsum | - |
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Property Taxes
| Parcel Number | 1960001663 | Improvements Assessment | $0 |
| Land Assessment | $30,000 | Total Assessment | $30,000 |
Property Taxes
Parcel Number
1960001663
Land Assessment
$30,000
Improvements Assessment
$0
Total Assessment
$30,000
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OTC Industrial | 6yr Corp NNN w/ Increases | 1083 Forum Dr
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