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333 River Rd 7,550 SF Industrial Building Jefferson, LA 70121 $2,200,000 ($291.39/SF) 6.27% Cap Rate
EXECUTIVE SUMMARY
NNN Lease Investment Offering
Address: 333 River Road, Jefferson, LA 70121
Tenant: MAR-Cone Appliance Parts Co. (Private Company)
Parent Company: mSupply, Private Equity backed by Genstar Capital
Gross Building Area: 7,550 SF
Office Area: 1,950 SF
MAR-CONE Appliance Parts Co. Building: 7,550 SF
MAR-CONE Land Area: 2 +/- acres
Giacona Container Company Land Lease: 0.75 acres
Lease Structure: MARCONE NNN
GIACONA Gross
Offering price: $2,200,000
Cap rate: 6.27%
Current annual in NOI: $138,000
Credit Rating: B4 (Martini.ai)
Five year $8,500 monthly, NNN Lease – Mar-Cone Appliance Parts Co.
Marcone has one time right to terminate at the end of year three with six months notice and termination fee equivalent to six months base rent ($51,000)
Marcone Responsible For Taxes, Insurance & CAM on their Building/Land area.
Minimal Landlord Responsibilities
Recently renovated interior and exterior with new construction office finishes
Five year $3,000 monthly, Gross Lease on 0.75 Acres of Land – Giacona Container Company
Giacona Responsible for maintenance and Property Insurance
Landlord Responsible for Taxes
Minimal Landlord Responsibilities Land Lease
Address: 333 River Road, Jefferson, LA 70121
Tenant: MAR-Cone Appliance Parts Co. (Private Company)
Parent Company: mSupply, Private Equity backed by Genstar Capital
Gross Building Area: 7,550 SF
Office Area: 1,950 SF
MAR-CONE Appliance Parts Co. Building: 7,550 SF
MAR-CONE Land Area: 2 +/- acres
Giacona Container Company Land Lease: 0.75 acres
Lease Structure: MARCONE NNN
GIACONA Gross
Offering price: $2,200,000
Cap rate: 6.27%
Current annual in NOI: $138,000
Credit Rating: B4 (Martini.ai)
Five year $8,500 monthly, NNN Lease – Mar-Cone Appliance Parts Co.
Marcone has one time right to terminate at the end of year three with six months notice and termination fee equivalent to six months base rent ($51,000)
Marcone Responsible For Taxes, Insurance & CAM on their Building/Land area.
Minimal Landlord Responsibilities
Recently renovated interior and exterior with new construction office finishes
Five year $3,000 monthly, Gross Lease on 0.75 Acres of Land – Giacona Container Company
Giacona Responsible for maintenance and Property Insurance
Landlord Responsible for Taxes
Minimal Landlord Responsibilities Land Lease
PROPERTY FACTS
| Price | $2,200,000 | Rentable Building Area | 7,550 SF |
| Price Per SF | $291.39 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1984 |
| Cap Rate | 6.27% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 5.3/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 18’ |
| Building Class | B | No. Dock-High Doors/Loading | 4 |
| Lot Size | 2.85 AC | No. Drive In / Grade-Level Doors | 10 |
| Zoning | M-2 - Heavy Industrial | ||
| Price | $2,200,000 |
| Price Per SF | $291.39 |
| Sale Type | Investment NNN |
| Cap Rate | 6.27% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.85 AC |
| Rentable Building Area | 7,550 SF |
| No. Stories | 1 |
| Year Built | 1984 |
| Tenancy | Single |
| Parking Ratio | 5.3/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 10 |
| Zoning | M-2 - Heavy Industrial |
1 1
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 0700004380 | Improvements Assessment | $76,480 |
| Land Assessment | $115,800 | Total Assessment | $192,280 |
PROPERTY TAXES
Parcel Number
0700004380
Land Assessment
$115,800
Improvements Assessment
$76,480
Total Assessment
$192,280
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333 River Rd
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