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GLOBAL PROVIDER OF OIL AND GAS WELL DRILLING 1149 Smede Hwy 35,840 SF Industrial Building Broussard, LA 70518 $4,950,000 ($138.11/SF) 6.88% Cap Rate
Investment Highlights
- Long Term Absolute Net Lease Featuring 2.25% Annual Rental Increases throughout the Initial Term and Two, 5-Year Extension Options.
- Drilling Tools International (NASDAQ: DTI) is a Leading Publicly Traded Energy Services Company providing Downhole Drilling Tool Rentals.
- Strategic Gulf Coast Location - Situated between Houston and New Orleans, Broussard offers direct access to Major Markets via U.S. Hwy-90.
- Located in Broussard along Smede Highway, the property sits within the Lafayette Parish oilfield services cluster.
- Port of Iberia Access - Just minutes from the property, the 2,000-Acre Port of Iberia provides Barge and Ship Access to the Gulf of Mexico.
- Proximity to Major Energy and Industrial Operators - Nearby Operators And Demand Drivers Include Halliburton, Schlumberger, Baker Hughes, NOV, etc
Executive Summary
Drilling Tools International (NASDAQ: DTI) | Long Term Absolute Net Lease w/ 2.25% Annual Increases | Leading Provider of Downhole Tools to Land and Offshore Drilling Markets | Strategic Gulf Coast Location | Minutes from Port of Iberia | Immediate Access to Hwy 90 & I-10 Logistics Network | Publicly Traded Tenant | Major Energy Operator Proximity
Louisiana Broker of Record: Steve Greer | 10527 Kentshire Ct., Ste. B Baton Rouge, LA 70810 | P: (225) 376-6800 | Lic #: BROK.995710346-ACT | Steve.Greer@MarcusMillichap.com
Louisiana Broker of Record: Steve Greer | 10527 Kentshire Ct., Ste. B Baton Rouge, LA 70810 | P: (225) 376-6800 | Lic #: BROK.995710346-ACT | Steve.Greer@MarcusMillichap.com
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Drilling Tools International (NASDAQ: DTI)
- Retailer
- 35,840 SF
- -
- Triple Net
- Jul 2037
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Drilling Tools International (NASDAQ: DTI) | Retailer | 35,840 SF | - | Triple Net | Jul 2037 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Not bikeable
10/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $230,410 | |
| Land Assessment | $80,780 | Total Assessment | $311,190 |
Property Taxes
Parcel Numbers
Land Assessment
$80,780
Improvements Assessment
$230,410
Total Assessment
$311,190
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GLOBAL PROVIDER OF OIL AND GAS WELL DRILLING | 1149 Smede Hwy
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