Belle Chasse Industrial Multi-Building
9203 LA-23 Belle Chasse, LA 70037
9203 LA-23, Belle Chasse, LA, 70037
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For Sale
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4.68-acre industrial property with six buildings for diverse commercial needs.
Property Size81,009 SF
Lot Size4.68 Acres
Price / SF$72.83
Days on Market755
Property Features for 9203 LA-23
General Information
- Standard status
- Active
- Size
- 81,009 SF
- Lot size
- 4.68 Acres
- Property subtype
- Industrial
Listing agency
Southeast Commercial Real Estate
(504) 339-2136
Listed by
Matt Eaton · License #LA 0000072493
Source
Crexi
Added: Jun 27, 2024 Updated: Jul 6 at 8:11AM Checked: Jul 19 at 9:09AM
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 Southeast Commercial Real Estate
Investment Insights
Based on property information with market context.
This property, situated on approximately 4.68 acres across multiple parcels, includes six buildings suitable for various industrial and commercial purposes. Building #1 is located on a 64,105 sq.ft. lot and features a main warehouse measuring approximately 150’ X 40’ (+/- 6,000 sq.ft.) and a smaller warehouse of about 34’ X 40’ (1,360 sq.ft.). Building #2, constructed in 2011/2012, is a 20,880 sq.ft. dock high warehouse with 43’ eaves and a heavy floor load capacity. It is equipped with a high expansive foam suppression system capable of filling the entire building in 7 minutes, originally designed for storing flammable paint products. A breezeway connects Building #2 to Building #3, a two-story manufacturing warehouse with office and lab space, totaling approximately 26,500 sq.ft. This warehouse also features a heavy floor load capacity on each level and a similar foam suppression system, though it does not fill the entire building from top to bottom. Building #4 is a 2,400 sq.ft. general office building with individual offices and large meeting rooms. Buildings #5 and #6 are connected warehouses used for raw material storage, totaling approximately 23,869 sq.ft. with 20’ eave heights. Building 1, on Lot 17, is available for separate purchase.
Key Highlights
- Large Acreage: Approximately 4.68 acres across multiple parcels.
- Dock High Warehouse: Building #2 is a 20,880 sq.ft. dock high warehouse with 43’ eaves and heavy floor load capacity.
- Advanced Fire Suppression: Buildings #2 and #3 feature high expansive foam suppression systems.
Local Financial Insights For Industrial
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 | $729.1k | $9.00 |
| − Vacancy | −$36.5k | −$0.45 |
| EGI | $692.6k | $8.55 |
| − OpEx | −$207.8k | −$2.56 |
| NOI | $484.8k | $5.98 |
81,009 SF · lease $9.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$16.06M
$14.05M – $18.73M
NOI $1,123,951 @ 7.0% cap · market cap 19.05%
Second Best
Warehouse
$9.31M
$8.14M – $10.86M
NOI $651,531 @ 7.0% cap · market cap 11.04%
Theoretical Best
Office A
$21.37M
$18.70M – $24.93M
NOI $1,496,074 @ 7.0% cap · market cap 25.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Manufacturing properties
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - 4.68-acre industrial property with six buildings for diverse commercial needs.
Where is this manufacturing property located?
The property is located at 9203 LA-23 Belle Chasse, LA.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Large Acreage: Approximately 4.68 acres across multiple parcels.; Dock High Warehouse: Building #2 is a 20,880 sq.ft. dock high warehouse with 43’ eaves and heavy floor load capacity.; Advanced Fire Suppression: Buildings #2 and #3 feature high expansive foam suppression systems.
