More about 101 Burgess Drive, Broussard, LA 70518
INVESTMENT OPPORTUNITY! This property is approximately 17,500 SF with 2,500 SF of office and 15,000 SF of warehouse space. Site is +/- 1.62 acres and is stabilized and fully fenced. This property was initially leased by a National tenant who is still guaranteeing the lease. National tenant subleased the remaining lease through 3/31/2019 with a strong regional company who signed an extension with Lessor until 9/30/2021. So existing sub-lease tenant has a little over 4 years left on the lease. Lease is NNN with Lessee paying all expenses. Cap Rate is 8.5% and NOI = $117,600 per year. All office space has been renovated and updated within the past 2 years. New parking lot and concrete lay down yard on the side of the building. Super nice facility with great exposure to Hwy 90.