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Global Vessel & Tank - 2 Unit Sale-Leaseback Portfolio

3206 Coteau Rd

New Iberia, LA

Global Vessel & Tank - 2 Unit Sale-Leaseback Portfolio

offering
memorandum

place offer

Property Details

available

Address

3206 Coteau Rd

City

New Iberia, LA

Zipcode

70560 and 75602

Net Operating Income

Year Built

Cap Rate

8.00%

Lease Structure

Lot Size

31.22 AC

Lease Term

Building Size

82,230

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.

Asking Price

$30,000,000

cap rate

8.00%

%

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