Global Vessel & Tank - 2 Unit Sale-Leaseback Portfolio
3206 Coteau Rd
New Iberia, LA

Property Details
available
Address
3206 Coteau Rd
City
New Iberia, LA
Zipcode
70560
Net Operating Income
Year Built
Cap Rate
8.00%
Lease Structure
Lot Size
31.22 AC
Lease Term
Building Size
82,230
SQ FT
Highlight
SQ FT
Investment Details
- Absolute NNN Lease Structure - Tenant is responsible for Taxes, Insurance, and Common Area Maintenance (CAM) making this an ideal investment for investors seeking true passive income producing assets with effectively zero landlord responsibilities.
- Attractive 8% Cap Rate - Property is being offered at an attractive 8% cap rate with potential for double digit cash on cash returns with current market financing.
- 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.
- Raw Land + Future Development Opportunities - 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.
- New Iberia, LA (Lafayette, MSA) - #1 Leading Gulf Inland Port – Serves & supports as a regional anchor for over 100 companies in fabrication, oilfield services, and logistics contributing roughly $2 Billion to the local GDP.
Broker of Record
Bang Realty
Brian Brockman
BROK.0995684990-ASA (LA)
bor@bangrealty.com
Asking Price
$30,000,000
cap rate
8.00%
%
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