Mixed-Use Fabrication
New
For Sale
$5,500,000
7616 Johnston Street, Maurice, LA 70555
Three buildings bring together finished office areas, climate-controlled work space, and industrial fabrication facilities.
Property Size45,984 SF
Lot Size8.30 Acres
Price / SF$119.61
Days on Market2
Property Features for 7616 Johnston Street
General Information
Standard status
Active
Size
45,984 SF
Lot size
8.30 Acres
Zoning
Unzoned
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
21,984 SF
Office Build-Out
20,000 SF
Voltage
480 V
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Additional Details
Property Use
Office/Industrial/Fabrication
Taxes and HOA fees
Annual Taxes
$28,587
Amenities
Conference Room
Kitchen
Break Area
Reception Area
Active
Industrial
Well-maintained office/industrial/fabrication complex on 8.3 acres fronting Johnston Street, north of Maurice. There is a total of three buildings with total square footage of 45,984sf. The breakdown is as follows: Building 1 has approximately 16,200sf (8,000sf of finished office space, 1,600sf of unfinished space, 2,400sf of climate-controlled warehouse/shop area, and 3,600sf of non-climate-controlled warehouse/shop area). The office space offers excellent finishes. The kitchen is fully equipped with granite countertops, and there is also a large conference room. Eave heights in the warehouse area are 22 feet. In addition, the stabilized and fenced yard area has an open canopy structure of approximately 6,000 SF. There is approximately 35,000 SF of cement parking and drives. Electricity is 3 phase, 480 volt.Building 2 has approximately 12,000sf of office space with excellent finishes. There is a welcoming reception area, plenty of offices, executive offices, large, partitioned space, conference rooms, kitchens, break area, and unfinished areas that are climate controlled.Building 3 has approximately 17,784sf of industrial/fabrication facility has eave heights as high as 30', with a 15-ton bridge crane with a 150' run in the main area. 7,200 S. F. of this facility is climate controlled. There is approximately 63,500 S.F. of limestone yard associated with this building.This campus is easy to get to, has no deferred maintenance, offers plenty of parking, and has additional land available for expansion.
1
yes
2
Tile, Wood
24000
Central Air
Central
Free Standing, Handicap Design, Lounge, Overhead Door 10-15 Ft, Stabilized Yard Base, Storage
Square Feet
Metal
Private Sewer
Three Phase
Natural Gas Not Available
Level
Public
8.3
Acres
LUS
no
Asphalt, Concrete, Limestone
Slab
City Street
361548
Metal Siding
Building Details
Buildings
3
Stories
2
Listing Agency:
Ourso Real Estate Services, LLC
Listed By:
JAMIE OURSO · License #0995682519
(225) 802-7159
Source:
Oursorealestate.idxbroker
Added: Oct 28
Last Checked: Oct 28 at 4:53PM
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 Ourso Real Estate Services, LLC
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Investment Insights
Based on property information with market context.
The 8.3-acre property includes three buildings totaling 45,984 square feet. Building 1 contains 8,000 square feet of finished office space, 1,600 square feet of unfinished area, and 6,000 square feet of warehouse and shop space, split between climate-controlled and non-climate-controlled areas. Building 2 provides 12,000 square feet of offices, meeting rooms, kitchens, and climate-controlled unfinished space. The 17,784-square-foot fabrication facility includes 7,200 square feet of climate-controlled area, eave heights reaching 30 feet, and a 15-ton bridge crane with a 150-foot run.
Site improvements include a 6,000-square-foot open canopy, a stabilized fenced yard, 35,000 square feet of concrete parking and drives, and a 63,500-square-foot limestone yard. Three-phase, 480-volt electrical service is available. The property fronts Johnston Street north of Maurice and is zoned unzoned.
Site improvements include a 6,000-square-foot open canopy, a stabilized fenced yard, 35,000 square feet of concrete parking and drives, and a 63,500-square-foot limestone yard. Three-phase, 480-volt electrical service is available. The property fronts Johnston Street north of Maurice and is zoned unzoned.
Key Highlights
- Three buildings totaling 45,984 square feet on 8.3 acres
- Fabrication building has eave heights up to 30 feet and a 15‑ton bridge crane with a 150‑foot run
- Building 1 includes 8,000 square feet of finished offices and 2,400 square feet of climate‑controlled shop space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$263,449
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,268,980
$5.3M
Cap Rate 7%
$3,763,557
$3.8M
Cap Rate 9%
$2,927,211
$2.9M
Market Conditions
NOI Build-Up for 45,984 SF
Gross rent
$325.6K $7.08/SF
− Vacancy
−$15.6K −$0.34/SF
EGI
$309.9K $6.74/SF
− OpEx
−$46.5K −$1.01/SF
NOI
$263.4K $5.73/SF
Area
Lafayette, LA
Vacancy
4.80%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,268,980
Cap Rate 7%
$3,763,557
Cap Rate 9%
$2,927,211
Alternative Uses
Best Use
Office B
$7.64M
$6.69M – $8.92M
NOI $535,116 @ 7.0% cap · market cap 9.73%
Second Best
Mixed Use
$7.59M
$6.64M – $8.85M
NOI $531,115 @ 7.0% cap · market cap 9.66%
Theoretical Best
Office A
$10.87M
$9.51M – $12.68M
NOI $761,054 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
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Business Placement
Demographics for 70555, LA
8,925
Population
3,408
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
47.2 sq mi
ZIP Area
189
Density / Sq Mi
$71,694
Median Household Income
$52,183
Median Earnings
$1,241
Median Rent
$228,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three buildings bring together finished office areas, climate-controlled work space, and industrial fabrication facilities.
Where is this mixed-use property located?
The property is located at 7616 Johnston Street Maurice, LA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Three buildings totaling 45,984 square feet on 8.3 acres; Fabrication building has eave heights up to 30 feet and a 15‑ton bridge crane with a 150‑foot run; Building 1 includes 8,000 square feet of finished offices and 2,400 square feet of climate‑controlled shop space
