For sale Industrial facility

Transcription

1 For sale Industrial facility Jett Dueitt John Hundley, Broker

2 Property Information Address Land Size (Ac) Land Size (SF), Broussard, LA Ac 750,538 Sf Yard Type 10 Ac Stabilized (8 comp to 6 ) GLA Roof Heights ,128 Total Facility *** 68,704 Warehouse *** 9,360 Main Office *** 3,552 Finished Warehouse 70 Height Pricing Information Price $ 4,550,000 Main Office c 45 Height Current NOI $509,232 ($5.95 PSF) Cap Rate 11.20% Lease Structure Absolute NNN Term 2.75 Years (Dec 2020) 3 Five Yr Options Rental Increases Price PSF 3% Annually $ PSF

3 42,000 SF owned by Loadmaster in the form of a Leasehold Improvement. Tenant built the 42k SF in Seller owns ground underneath, Tenant not currently paying rent or ground lease on this portion of facility. 86,128 SF owned by Seller. Tenant paying rent on this portion of facility only (not their Leasehold). Seller owns the Ac in entirety Possible Sale / Leaseback and extend initial term Possible New Tenant Opportunity

4 Centrally Located in South LA Easy Access off Hwy 90 provides users with ability to service customers across South LA efficiently. I-10 / I-49 Intersect 12 Miles Baton Rouge 69 Miles Lake Charles 86 Miles Port of Iberia 15 Miles Morgan City 59 Miles

5 About The Tenant Loadmaster Industries was founded in 1986 as Loadmaster Derrick and Equipment. Our business has over 30 years of manufacturing, engineering, and construction experience in the global energy and industrial markets. Over the years, Loadmaster has developed strong capabilities in handling multi-disciplinary construction projects and currently has evolved into a single source solution provider for the Upstream, Midstream, and Downstream Petrochemical Industry. Presently, Loadmaster offers products, services, and turnkey solutions for Onshore and Offshore Drilling and Production clients around the world. Additionally, we have expanded our commitment in Structural Steel design, fabrication, and erection, along with mechanical equipment, piping, pressure vessels, and flow control systems for the Midstream and Downstream process industries. As an API, ISO, ASME, and AISC licensed company, we have implemented a quality system that ensures custom build products that meet the highest industry standards. Loadmaster s in-house Engineering Department is a licensed firm in the State of Louisiana capable of providing structural and mechanical design solutions for various industrial markets. Loadmaster s Field Services Department provides worldwide coverage for a wide variety of construction projects. Our field construction technicians are experienced in damage survey, repairs, field inspections, assembly, disassembly, and commissioning of large offshore, onshore, and piping systems. In addition, we also offer project management services for large scale capital projects. Corporate Office: 1300 W Sam Houston Pkwy S, STE 345, Houston, TX Manufacturing Facility: nue, Sales Offices: United Arab Emirates, Singapore, Kuala Lumpar Website

6 Panoramic

7 Main Office

8 Main Building

9 Main Building

10 Leasing Abstract Year Rent Increase Cap Rate Lease Specifics Lease Abstract 2016 $480, Absolute NNN 2017 $494, % 2018 $509, % 11.20% 2019 $524, % 11.53% 2020 $540, % 11.87% As of March Year Option 5 Year Option 5 Year Option 1 st Option, 5 Year Term, 3% Annual Increases 2 nd Option, 5 Year Term, 3% Annual Increases 3 rd Option, 5 Year Term, 3% Annual Increases