263 Trinity Ln Gray, LA 70359
- Warehouses
- 5,042 SF
- 1.44 lot acres
Current Use by Public Records
- Warehouses
Property Details for 263 Trinity Ln
- Year built
- 2015
- Lot size
- 1.44 lot acres
- Property size
- 5,042 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional Class A warehouse, located at 263 Trinity Ln, Gray, LA 70359, presents a compelling investment opportunity. The 5,042 square foot building sits on a 1.44-acre lot and boasts a single-tenant, NNN lease with a remaining term of approximately 2.4 years, expiring April 30, 2027. Constructed in 2015, this one-story structure offers a strong return on investment with a price per square foot of $163.63. The asking price is $825,000. The current tenant has occupied the property since its construction, demonstrating long-term stability. The NNN lease structure ensures the tenant covers property taxes and building insurance, minimizing the owner's operational expenses. This property is situated in Terrebonne Parish, Louisiana, providing convenient access to key transportation routes and infrastructure. The single-tenant occupancy simplifies management, making this an ideal investment for those seeking a low-maintenance, high-yield asset. This is a rare opportunity to acquire a well-maintained, high-quality industrial property with a proven track record of tenancy. The property's location and lease terms combine to create a compelling investment proposition.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gray
- County
- Terrebonne Parish
- State
- Louisiana
- Longitude
- -90.7792
- Latitude
- 29.6941
