±25,000 SF Office Warehouse Space for Lease Listing Details & Market Data

Lots A1, A2This industrial investment property is currently listed at a 3.22% actual CAP Rate and a 7.53% pro forma CAP Rate. The multi-tenant building is currently 50% leased. The buyer will have the potential to fully lease it out or to owner occupy. The property enjoys just ±3 minute access to the Westbank Expressway, ±4 minutes access to Barataria Blvd, and ±8 minute access to Hwy 90 (Huey P Long Bridge). The office warehouse is equipped with 7 roll-up doors. The current Net Operating Income is $43,438.63 annually. The adjacent ±20,000 SF warehouse is also available for sale.There are currently 2 suites available for lease at 1424 4th St. The front suite is ±11,000 SF. The rear suite is ±14,000 SF. The suites can be leased together or separately. The warehouse is equipped with 7 roll-up doors and ±16 FT clear / wall height. The property was built in 1980. The property enjoys just ±3 minute access to the Westbank Expressway, ±4 minutes access to Barataria Blvd, and ±8 minute access to Hwy 90 (Huey P Long Bridge). The property enjoys ample off-street parking. NNN lease type.