Industrial Warehouse with
For Sale
Contact for pricing
212 Burgess Dr, Broussard, LA 70518
New industrial facility with an office buildout, three overhead doors, 25-foot eaves, and crane-ready capability.
Property Size12,000 SF
Lot Size1.50 Acres
Price / SF$133.33
Days on Market55
Property Features for 212 Burgess Dr
General Information
Standard status
Active
Size
12,000 SF
Lot size
1.50 Acres
Property subtype
Industrial
Zoning
Light Industrial
Lease Type
NNN
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Clear Height
25 ft
Listing Agency:
The Gleason Group
(337) 288-9400
Listed By:
Caitlyn Williams · License #LA 0995680237
Source:
Crexi
Added: Jun 18
Changed: Aug 8
Last Checked: Aug 10 at 1:53PM
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 The Gleason Group
Investment Insights
Based on property information with market context.
Under construction industrial facility at 212 Burgess Drive in Broussard, totaling approximately 12,000 SF. The property includes a dedicated office component of approximately 2,190 SF with a lobby/reception area, six private offices, a conference room, storage area, and a breakroom/kitchen. The warehouse portion is equipped with three overhead doors and 25-foot eave heights, and it is described as crane-ready to support a range of operational uses.
The building is being constructed for completion in the 4th Quarter of 2026 and is positioned to provide excellent access to Highway 90. The site sits on approximately 1.5 acres, with an additional 2 acres available for expansion, laydown yard, or additional parking if needed.
This offering is well-suited for industrial and operational users that need in-house office support alongside a functional warehouse configuration. With multiple overhead doors, substantial ceiling height, and crane-ready design, the space can accommodate manufacturing, fabrication, distribution, or service activities, while the available yard and possible expansion area provide room for workflow and staging needs.
The building is being constructed for completion in the 4th Quarter of 2026 and is positioned to provide excellent access to Highway 90. The site sits on approximately 1.5 acres, with an additional 2 acres available for expansion, laydown yard, or additional parking if needed.
This offering is well-suited for industrial and operational users that need in-house office support alongside a functional warehouse configuration. With multiple overhead doors, substantial ceiling height, and crane-ready design, the space can accommodate manufacturing, fabrication, distribution, or service activities, while the available yard and possible expansion area provide room for workflow and staging needs.
Key Highlights
- Under construction at 212 Burgess Drive in Broussard—estimated completion in Q4 2026
- ~12,000 SF industrial facility with ~2,190 SF office and lobby/reception, 6 private offices, conference room, storage, and breakroom/kitchen
- Warehouse features 3 overhead doors, 25‑foot eave heights, and crane‑ready capability
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$139,644
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,792,880
$2.8M
Cap Rate 7%
$1,994,914
$2.0M
Cap Rate 9%
$1,551,600
$1.6M
Market Conditions
NOI Build-Up for 12,000 SF
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.
Gross rent
$216.0K $18.00/SF
− Vacancy
−$29.8K −$2.48/SF
EGI
$186.2K $15.52/SF
− OpEx
−$46.5K −$3.88/SF
NOI
$139.6K $11.64/SF
Area
Lafayette County, LA
Vacancy
13.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,792,880
Cap Rate 7%
$1,994,914
Cap Rate 9%
$1,551,600
Alternative Uses
Best Use
Office B
$1.99M
$1.75M – $2.33M
NOI $139,644 @ 7.0% cap · market cap 8.73%
Second Best
Flex RnD
$997.8K
$873.1K – $1.16M
NOI $69,849 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$2.84M
$2.48M – $3.31M
NOI $198,605 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
25 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 70518, LA
16,683
Population
6,724
Households
2.5
Avg Household Size
37
Median Age
38%
College-Educated
90%
High-School Grad
41.7 sq mi
ZIP Area
400
Density / Sq Mi
$103,574
Median Household Income
$51,210
Median Earnings
$997
Median Rent
$287,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - New industrial facility with an office buildout, three overhead doors, 25-foot eaves, and crane-ready capability.
Where is this flex space located?
The property is located at 212 Burgess Dr Broussard, LA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Under construction at 212 Burgess Drive in Broussard—estimated completion in Q4 2026; ~12,000 SF industrial facility with ~2,190 SF office and lobby/reception, 6 private offices, conference room, storage, and breakroom/kitchen; Warehouse features 3 overhead doors, 25‑foot eave heights, and crane‑ready capability
