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Global Vessel & Tank - 2 Unit Sale Leaseback 3206 Coteau Rd 82,230 SF 100% Leased Industrial Building New Iberia, LA 70560 $16,000,000 ($194.58/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease Structure - Tenant is responsible for Taxes, Insurance, and Common Area Maintenance (CAM).
- Newly Constructed Long-Term Lease - Tenant will commit to a brand new 15-20-year lease extension which will commence at the close of escrow.
- New Iberia, LA - #1 Leading Gulf Inland Port – Serves & supports as a regional anchor for over 100 companies contributing roughly $2 Billion to the lo
- Property is being offered at an attractive 8% cap rate with potential for double digit cash on cash returns with current market financing.
- Included in the sale is roughly 20+ acres of raw, undeveloped land that can be seen as room for future expansion plans and or redevelopment purposes.
- 10.4% Day 1 Cash on Cash At List Price - Nearly 12% 5 Year Average
EXECUTIVE SUMMARY
Global Vessel & Tank – New Iberia, LA
Brand new 15–20 year absolute NNN lease to Global Vessel & Tank, a leading ESOP-backed manufacturer of pressure vessels. The 52,830 SF facility sits on over 31 acres with a 29,400 SF expansion underway, expected to unlock $50M in additional revenue. Offering an 8.00% cap rate, 2–3% annual increases, and corporate guarantee, this is a rare opportunity for passive, industrial investment in one of Louisiana’s top fabrication markets.
Brand new 15–20 year absolute NNN lease to Global Vessel & Tank, a leading ESOP-backed manufacturer of pressure vessels. The 52,830 SF facility sits on over 31 acres with a 29,400 SF expansion underway, expected to unlock $50M in additional revenue. Offering an 8.00% cap rate, 2–3% annual increases, and corporate guarantee, this is a rare opportunity for passive, industrial investment in one of Louisiana’s top fabrication markets.
PROPERTY FACTS
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Global Vessel & Tank - 2 Unit Sale Leaseback | 3206 Coteau Rd
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