Industrial Facility with Yard
For Sale
Contact for pricing
Pending
3701 Avery Island Rd, New Iberia, LA 70560
Multi-building industrial property with warehouse space, office area, supplemental storage buildings, and yard for equipment and fleet parking.
Property Size80,344 SF
Lot Size11.50 Acres
Days on Market171
Property Features for 3701 Avery Island Rd
General Information
Standard status
Pending
Size
80,344 SF
Lot size
11.50 Acres
Property subtype
Industrial
Zoning
I-1
Lease Type
NNN
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Additional Details
Heavy Power
Yes
Listing Agency:
The Gleason Group
Listed By:
Bart Broussard · License #R0842
(337) 380-9511
Source:
Lacdb.resimplifi
Added: May 8
Changed: Oct 19
Last Checked: Oct 24 at 1:30PM
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
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Investment Insights
Based on property information with market context.
Industrial facility available for sale or lease with multiple warehouse buildings, office space, and a yard area for equipment and fleet parking. The main facility includes 55,044+/- SF of warehouse space and 12,300+/- SF of office area, supported by LED warehouse lighting, 18’ eave heights, and 3-phase power.
Supplemental improvements include an additional 8,000+/- SF and 5,000+/- SF warehouse/storage buildings, offering flexibility for users needing extra storage, fleet support, fabrication, or operational staging. The 8,000 SF warehouse includes five 16’ x 16’ overhead doors and approximately 18’ eave heights.
The property is zoned I-1 Industrial and is located approximately 1–2 miles from Hwy 90. It is also about 6–8 miles from the Port of Iberia and 12–15 miles from Acadiana Regional Airport, with ownership considering leasing all or a portion of the property.
Supplemental improvements include an additional 8,000+/- SF and 5,000+/- SF warehouse/storage buildings, offering flexibility for users needing extra storage, fleet support, fabrication, or operational staging. The 8,000 SF warehouse includes five 16’ x 16’ overhead doors and approximately 18’ eave heights.
The property is zoned I-1 Industrial and is located approximately 1–2 miles from Hwy 90. It is also about 6–8 miles from the Port of Iberia and 12–15 miles from Acadiana Regional Airport, with ownership considering leasing all or a portion of the property.
Key Highlights
- 80,344 SF industrial property on 11.5 acres with multiple warehouse buildings, office space, and yard area
- 55,044+/- SF main warehouse plus 12,300+/- SF office space for combined operations and administrative use
- Additional 8,000+/- SF and 5,000+/- SF supplemental warehouse/storage buildings for extra storage or production space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$387,610
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,752,200
$7.8M
Cap Rate 7%
$5,537,286
$5.5M
Cap Rate 9%
$4,306,778
$4.3M
Market Conditions
NOI Build-Up for 80,344 SF
Gross rent
$625.1K $7.78/SF
− Vacancy
−$28.8K −$0.36/SF
EGI
$596.3K $7.42/SF
− OpEx
−$208.7K −$2.60/SF
NOI
$387.6K $4.82/SF
Area
Iberia County, LA
Vacancy
4.60%
Lease Rate
$7.78 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,752,200
Cap Rate 7%
$5,537,286
Cap Rate 9%
$4,306,778
Alternative Uses
Best Use
Warehouse
$7.24M
$6.34M – $8.45M
NOI $506,874 @ 7.0% cap · market cap 7,241,057.14%
Second Best
Industrial
$5.96M
$5.22M – $6.96M
NOI $417,426 @ 7.0% cap · market cap 5,963,228.57%
Theoretical Best
Office A
$13.29M
$11.63M – $15.50M
NOI $930,191 @ 7.0% cap · market cap 13,288,442.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 70560, LA
39,457
Population
16,970
Households
2.3
Avg Household Size
38
Median Age
11%
College-Educated
80%
High-School Grad
176.1 sq mi
ZIP Area
224
Density / Sq Mi
$48,296
Median Household Income
$31,864
Median Earnings
$886
Median Rent
$126,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Multi-building industrial property with warehouse space, office area, supplemental storage buildings, and yard for equipment and fleet parking.
Where is this warehouse located?
The property is located at 3701 Avery Island Rd New Iberia, LA.
What are key features of this property?
This property features: 80,344 SF industrial property on 11.5 acres with multiple warehouse buildings, office space, and yard area; 55,044+/- SF main warehouse plus 12,300+/- SF office space for combined operations and administrative use; Additional 8,000+/- SF and 5,000+/- SF supplemental warehouse/storage buildings for extra storage or production space
