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 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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