296 La-3185 Thibodaux, LA 70301
- Warehouses
- 4,000 SF
- 1.14 lot acres
Current Use by Public Records
- Warehouses
Property Details for 296 La-3185
- Year built
- 2004
- Lot size
- 1.14 lot acres
- Property size
- 4,000 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This 4,000 square foot industrial property in Thibodaux, Louisiana, presents a compelling investment opportunity. Located at 296 LA-3185, this single-tenant flex/warehouse building boasts a strong 8.25% cap rate and a net operating income (NOI) of $43,243. The property, built in 2004, sits on a 1.14-acre lot and features 14-foot ceilings and two dock-high doors, providing ample space for storage and operations. Currently 100% occupied by Atmos Energy Corporation, an S&P 500 company, under a gross lease with 4.5 years remaining, this investment offers stability and predictable income. The property's strategic location off US Highway 90, near the Port Fourchon, provides excellent access to major transportation routes and a thriving industrial hub. The asking price is $525,000, translating to $131.25 per square foot. This represents a rare chance to acquire a high-performing industrial asset in a dynamic Louisiana market. The property includes fenced outside storage.
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
- Thibodaux
- County
- Terrebonne Parish
- State
- Louisiana
- Longitude
- -90.8242
- Latitude
- 29.7606
