3301 Admiral Doyle Dr New Iberia, LA 70560-9366

Property Details for 3301 Admiral Doyle Dr

Lot size

10.36 lot acres

Property type

Commercial real estate

APN

01 05479987

APU

105479987

Description

This exceptional investment opportunity presents a 165,135-square-foot industrial manufacturing facility located on a substantial 54.27-acre lot in New Iberia, Louisiana. The property, built in 1983 and renovated in 2012, is currently leased to Wellbore Integrity Solutions (WIS), a globally integrated oilfield services company, under a brand-new, absolute NNN lease with approximately 18.9 years remaining until the initial expiration date. The lease includes annual rent bumps of 2.75% and two ten-year renewal options, providing significant long-term stability and predictable income growth. The property boasts 156 parking spaces and is strategically positioned within a strong oilfield corridor, near other major industrial users and less than half a mile from the Acadiana Regional Airport. The substantial acreage offers ample space for outdoor storage and other operational needs, crucial to WIS's manufacturing processes. The property's strong tenant, long lease term, and attractive cap rate of 7.5% (based on a Net Operating Income of $890,800 and an asking price of $11,880,000) make this an ideal addition to any diversified real estate portfolio. The property's mission-critical components, including access to specialized equipment and strategic location, underscore WIS's commitment to the site. This is a rare opportunity to acquire a high-quality, net-leased industrial asset with exceptional long-term prospects. The address is 3301 W Admiral Doyle Dr, New Iberia, LA 70560.