1812 Engineers Rd Belle Chasse, LA 70037-3123

Property Details for 1812 Engineers Rd

Year built

1994

Lot size

1.12 lot acres

Property size

2,900 SF

Property type

Commercial real estate

APN

1273750

APU

1273750

Description

This single-tenant, 4,300-square-foot flex/warehouse building presents a compelling investment opportunity in Belle Chasse, Louisiana. Situated on a 1.12-acre lot, the property boasts a 7.66% cap rate and a strong net operating income (NOI) of $28,080. The building, constructed in 1994, features a fully conditioned warehouse space and is currently under a net lease (NNN) agreement expiring July 31, 2025, with approximately 0.7 years remaining. However, the tenant is vacating early, creating an ideal scenario for an owner-occupant. The asking price is $366,400, translating to $85.21 per square foot. The property's address is 1812 Engineers Rd, Belle Chasse, LA 70037, within Plaquemines Parish. This one-story building offers significant potential for various uses, given its flexible design and prime location. The current lease provides immediate income, while the early tenant vacancy opens the door for immediate owner-occupancy. This is a rare opportunity to acquire a well-located industrial property with a strong return on investment. The property is offered as a net lease, meaning the tenant is responsible for most operating expenses. Don't miss this chance to secure this valuable asset.