28517 S Frost Road Livingston, LA 70754
Purpose-built distribution facility with long-term tenant in place.
Property Features for 28517 S Frost Road
General Information
- Standard status
- Active
- Size
- 140,000 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2016
Listing office Stirling Properties Baton Rouge
Listing date Apr 28, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Lease renewal through October 31, 2032, providing approximately 6.5 years of contractual cash flow.
- Tenant is P‑Americans, LLC, a wholly owned subsidiary of PepsiCo, Inc., an investment‑grade corporation.
- Purpose‑built distribution facility designed to tenant's specifications.
Local Financial Insights For Warehouse
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 | $1.36M | $9.72 |
| − Vacancy | −$27.1k | −$0.19 |
| EGI | $1.33M | $9.53 |
| − OpEx | −$200.1k | −$1.43 |
| NOI | $1.13M | $8.10 |
