For Sale
$525,000

296 La-3185Thibodaux, LA 70301

High-return, single-tenant warehouse

Overview

Added:
Dec 11, 2024
Days on market:
114
This 4,000 square foot industrial property in Thibodaux, Louisiana, presents a compelling investment opportunity. Located at 296 LA-3185, this single-tenant flex/warehouse building boasts a strong 8.25% cap rate and a net operating income (NOI) of $43,243. The property, built in 2004, sits on a 1.14-acre lot and features 14-foot ceilings and two dock-high doors, providing ample space for storage and operations. Currently 100% occupied by Atmos Energy Corporation, an S&P 500 company, under a gross lease with 4.5 years remaining, this investment offers stability and predictable income. The property's strategic location off US Highway 90, near the Port Fourchon, provides excellent access to major transportation routes and a thriving industrial hub. The asking price is $525,000, translating to $131.25 per square foot. This represents a rare chance to acquire a high-performing industrial asset in a dynamic Louisiana market. The property includes fenced outside storage.

Highlights

  • $525,000 asking price for this 4,000 square foot industrial flex/warehouse property.
  • 8.25% cap rate with a $43,243 net operating income (NOI).
  • Located in Thibodaux, LA, at 296 LA-3185, on a 1.14-acre lot.
  • 100% occupied by Atmos Energy, an S&P 500 company, under a gross lease with 4.5 years remaining.
  • Features 14' ceilings, 2 dock-high doors, and fenced outside storage.

Property Details for 296 La-3185

Property type
Warehouses, Industrial properties
Square Feet
4,000 SF
Year Built
2004
Lot Size (sq. ft)
49,658 SF

Location Insight

City
Thibodaux
County
Terrebonne Parish
State
Louisiana
Latitude
29.760581
Longitude
-90.8241485
296 La-3185, Thibodaux, Louisiana

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296 La-3185
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