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141-147 N Lacarpe Cir 16,935 SF Industrial Building Houma, LA 70360 $1,075,000 ($63.48/SF) 9.49% Cap Rate
Investment Highlights
- Upcoming Renewal Option
- Located Off Well-Traveled LA-Hwy 311
- Below Market Rent
Executive Summary
• High Rate of Return and Low Price Per Square Foot – With an Entry Cap Rate of 9.50%, this Single-Tenant Industrial Property Offers an Investor a Great Return and In-Demand 16,935 SF over Two Warehouses with Fenced Outside Storage at a Well Below Replacement Cost $64 Per Square Foot
• Upcoming Renewal Option at a 13.33% Increase – Potential for Higher Return and Leverage to Facilitate a Longer or Early Renewal
• Below Market Rent – Market Rent at $10.47 / SF NNN (Source: CoStar) while Current Rent is $6.02 / SF NNN, Offering an Investor Further Upside
• Located Near US Route 90 – US HWY 90 runs from Texas to Florida and provides access to this industrial park
• The Houma-Thibodaux Region Led by Port Fourchon – Over 250 Companies Utilize the Port for a Base of Operations. Up to 1,200 trucks travel in and out of the Port each day
• Located Off Well-Traveled LA-Hwy 311 – Hwy 311 sees over 15,000 Vehicles Per Day
• Houma, Louisiana is Strategically Located to New Orleans, Baton Rouge and Lafayette
• Upcoming Renewal Option at a 13.33% Increase – Potential for Higher Return and Leverage to Facilitate a Longer or Early Renewal
• Below Market Rent – Market Rent at $10.47 / SF NNN (Source: CoStar) while Current Rent is $6.02 / SF NNN, Offering an Investor Further Upside
• Located Near US Route 90 – US HWY 90 runs from Texas to Florida and provides access to this industrial park
• The Houma-Thibodaux Region Led by Port Fourchon – Over 250 Companies Utilize the Port for a Base of Operations. Up to 1,200 trucks travel in and out of the Port each day
• Located Off Well-Traveled LA-Hwy 311 – Hwy 311 sees over 15,000 Vehicles Per Day
• Houma, Louisiana is Strategically Located to New Orleans, Baton Rouge and Lafayette
Property Facts
| Price | $1,075,000 | Lot Size | 1.85 AC |
| Price Per SF | $63.48 | Rentable Building Area | 16,935 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 9.49% | Year Built | 1981 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Clear Ceiling Height | 16’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Zoning | Commercial - Commercial | ||
| Price | $1,075,000 |
| Price Per SF | $63.48 |
| Sale Type | Investment |
| Cap Rate | 9.49% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.85 AC |
| Rentable Building Area | 16,935 SF |
| No. Stories | 1 |
| Year Built | 1981 |
| Tenancy | Single |
| Clear Ceiling Height | 16’ |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | Commercial - Commercial |
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Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 9711 | Improvements Assessment | $29,950 |
| Land Assessment | $14,710 | Total Assessment | $44,660 |
Property Taxes
Parcel Number
9711
Land Assessment
$14,710
Improvements Assessment
$29,950
Total Assessment
$44,660
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141-147 N Lacarpe Cir