Broussard Office/Warehouse Investment
1083 Forum Dr, Broussard, LA 70518
NNN leased office/warehouse in Broussard, LA. New 6-year lease.
Type:Industrial, Retail
Property size:
11,900 SFPrice / SF:
$205/SF- Added:
- Mar 2, 2026
- Days on Market:
- 117
- Last Refresh:
- Mar 16 at 2:00 pm
Property Features for 1083 Forum Dr
General Information
- Standard status
- Active
- Size
- 11,900 SF
- Property subtype
- Industrial, Retail
Building Details
- Year Built
- 2025
Listing office SRS Real Estate Partners Newport Beach
Listing date Mar 2, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
HighLights
- NNN leased investment property, perfect for passive income with minimal landlord responsibilities.
- Brand new 6‑year lease with OTC Industrial Technologies, featuring two 5‑year extension options.
- Benefit from scheduled rental increases of approximately 1.80% every two years.
- Newly constructed (2025) 11,900 SF office/warehouse facility.
- Strategic location near Highway 90 (17,000+ vehicles per day) offering excellent accessibility.
- Situated in Schaefer Industrial Park, surrounded by established industrial tenants and a strong labor pool.
Overview
The property is an office/warehouse facility located in Broussard, Louisiana. The building has 11,900 square feet, including 2,298 square feet of finished office space and 9,602 square feet of warehouse space. The property is located within Schaefer Industrial Park, surrounded by numerous industrial buildings and established tenants, including Citgo, Gulf America, Pilot Thomas Logistics, and American Eagle Transport LLC. The surrounding 5-mile trade area has a population of over 30,000 and 17,000 employees, with an average household income of $99,739. The property is strategically located near Highway 90, which sees approximately over 17,000 vehicles per day. The property is NNN leased to OTC Industrial Technologies, who recently signed a new 6-year lease with 2 (5-year) options to extend. The lease features approximately 1.80% rental increases every two years throughout the initial term. The lease is NN with minimal landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. The property offers a functional layout ideal for a variety of industrial users, designed to support operational flexibility and long-term scalability.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $214.2k | $18.00 |
| − Vacancy | −$29.6k | −$2.48 |
| EGI | $184.6k | $15.52 |
| − OpEx | −$46.2k | −$3.88 |
| NOI | $138.5k | $11.64 |
11,900 SF · lease $18.00/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.31M
NOI $138,480 @ 7.0% cap · market cap 5.67%
Second Best
Warehouse
$862.7K
$754.8K – $1.01M
NOI $60,387 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $196,950 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Broussard
- County
- Lafayette
- State
- Louisiana
- Longitude
- -91.9422
- Latitude
- 30.1301
Nearby Similar for Sale
FAQs
What type of property is this?
NNN property - NNN leased office/warehouse in Broussard, LA. New 6-year lease.
Where is this nnn property located?
The property is located at 1083 Forum Dr Broussard, LA.
What is the asking price?
The asking price for this property is $2,444,000.
What are key features of this property?
This property features: NNN leased investment property, perfect for passive income with minimal landlord responsibilities.; Brand new 6‑year lease with OTC Industrial Technologies, featuring two 5‑year extension options.; Benefit from scheduled rental increases of approximately 1.80% every two years.
