Precision Machining & Fabrication Co.
Baton Rouge, LA
Key Details
| Price: | $5,646,209 |
|---|---|
| Cap Rate: | 8.15% |
| Annual Rent: | $460,166 |
| Address: | 7978 South Choctaw Drive, Baton Rouge, Louisiana 70815 |
| Property Type: | Industrial |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Expiration: | 15 Years from Close of Escrow |
| Lease Term Remaining: | 15 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 1.47 Acres |
| Building Size: | 30,000 SF |
| Year Built: | 1985 |
NNN Pro is pleased to present the exclusive listing for a Precision Machining & Fabrication Co. located at 7978 South Choctaw Drive, Baton Rouge, Louisiana 70815. The site consists of roughly 30000 rentable square feet of building space on an estimated 1.47-acre parcel of land. This Precision Machining & Fabrication Co. is subject to a 15-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $460,166 and has scheduled increases of 2.00% Annually.
About the Investment
- Absolute Triple Net (NNN) Lease | The subject investment property is subject to an absolute triple net (NNN) lease, with zero landlord responsibilities.
- Long-Term Lease | The subject investment property is subject to over 15 years of lease term, generating long-term stabilized cash-flows.
- Annual Increases | The subject investment property is subject to 2% annual rental increases, hedging against inflation.
- In Close Proximity to Large Oil Refineries | The subject property offers a prime location in close proximity to four of the largest oil refineries in America, making it a strategic investment for businesses in it's respective sector.
Key Details
| Price: | $5,646,209 |
|---|---|
| Cap Rate: | 8.15% |
| Annual Rent: | $460,166 |
| Address: | 7978 South Choctaw Drive, Baton Rouge, Louisiana 70815 |
| Property Type: | Industrial |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 15 Years |
|---|---|
| Lease Expiration: | 15 Years from Close of Escrow |
| Lease Term Remaining: | 15 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 1.47 Acres |
| Building Size: | 30,000 SF |
| Year Built: | 1985 |
Talk to the Pros
Ken Johnson
kjohnson@nnnpro.com
License:
Broker of Record
Brian Brockman
Bang Realty, Inc
License: BROK.0995684990-ASA
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.