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Updated: 08.06.24 Posted: 05.08.23 Status: Sold    

Summary

Price $2,323,000
Built/Renov 2007
Tenant Power Temp Systems
Cap Rate 7.75%
Lease Type NN+
Guarantor Corporate
Size/SF 32,114
Lease Start 05-01-2023
#Units 1
Price/SF $72.34
Expiration 04-30-2028
Tenant Type Industrial
NOI $180,000
R. Term 2.9
Ownership Fee Simple
Rent/SF $5.61
Increases 10.0%/5/yrs
Pop 5Mi 36,515
Lot/AC 2.50
Options 2/5yrs/10%
AHHI 5Mi $101,916

Highlights

  • Power Temp Systems recently signed a brand new 5 year lease with 2 (5-year) options to extend
  • Lease features 10% rental increases at the beginning of each option
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee by Power Temp Systems Inc

Location Description

The Power Temp Industrial building is located near US Highway 90, a major thoroughfare serving the city of Broussard averaging nearly 40,600 vehicles passing by daily. The asset is ideally located within an active industrial corridor that includes Sunbelt Rentals, Aqueous, NOV, Weatherford, CenterPoint Energy, Chevrolet, and many more. Furthermore, the Power Temp building is in close proximity...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Power Temp Systems, Inc. is the original and largest supplier of internationally recognized portable electrical products. Established in 1991 as a supplier of specialized “built to order”...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 557 13,947 38,649
2023 Total Population : 569 13,623 37,470
2023 Employed Civilian Pop : 194 6,899 19,435
2023 Total Businesses : 182 518 1,509
2023 Average Household Income : $ 120,900 $ 97,909 $ 97,040
2023 Total Consumer Spending : $ 21 M $ 411 M $ 1145 M
2023 Median Age : 38 37 37
2023 Total Households : 203 4,851 13,655
2023 Pop Age 25+: Bachelor's Degree : 165 2,281 6,134
2023 Average Home Value : $ 282,988 $ 228,117 $ 238,122
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
LA0092 Chuck Rd 2020 2,315 0.79 mi
LaSalle Street, Chemin Metairie Parkway Allier Rd 2021 619 1.04 mi
Telephone Road Viaulet Rd 2021 123 1.19 mi
Rue Napoleon Rue de Pain 2021 279 1.35 mi
Gireer Road Almonaster Rd 2021 125 1.51 mi
LA 92-1 Geology Cir 2021 748 1.56 mi
Alva Road Rue de la Pais 2021 361 1.60 mi
Geology Circle Young St 2021 51 1.63 mi
Almonaster Road Gireer Rd 2021 331 1.63 mi
Hwy 90 W Coteau Rd 2011 40,636 1.65 mi

Listing Broker

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