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GLOBAL OIL & GAS WELLS INDUSTRIAL PROVIDER 3211 W Admiral Doyle Dr 27,258 SF Industrial Building New Iberia, LA 70560 $15,971,018 CAD ($585.92 CAD/SF) 8.22% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Absolute Net Lease Featuring 2.75% Annual Rental Increases throughout the Initial Term and two, 10-year Extension Options. Large Land Tract.
- Wellbore Integrity Solutions is a Houston-based Global Company that Extends the Lifecycle of Oil, Gas, and Geothermal Wells.
- Strategic Gulf Coast Location - Situated between Houston and New Orleans, New Iberia offers direct access to Major Markets via U.S. Hwy-90.
- This Asset Provides Several Mission-Critical Components including Access to Specific-use Equipment, Outdoor Storage Space and Strategic Positioning.
- Port of Iberia Access - Just minutes from the property, the 2,000-Acre Port of Iberia provides Barge and Ship Access to the Gulf of Mexico,
- Established Industrial Corridor - the Admiral Doyle Corridor includes Fabrication, Distribution, and Storage Operations.
EXECUTIVE SUMMARY
Wellbore Integrity Solutions | Long Term Absolute Net Lease w/ 2.75% Annual Increases | Global Company Specializing in Extending the Lifecycle and Performance of Oil, Gas, and Geothermal Wells | Positioned in Strong Oilfield Corridor | Houston-to-NOLA Distribution Access via Hwy 90 (Future I-49) | Port of Iberia Nearby | 2,000-Acre Port Supports Gulf Access | Rapidly Growing Energy Hub | Near Acadiana Regional Airport
Louisiana Broker of Record: Steve Greer | 10527 Kentshire Ct., Ste. B Baton Rouge, LA 70810 | P: (225) 376-6800 | Lic #: BROK.995710346-ACT | Steve.Greer@MarcusMillichap.com
Louisiana Broker of Record: Steve Greer | 10527 Kentshire Ct., Ste. B Baton Rouge, LA 70810 | P: (225) 376-6800 | Lic #: BROK.995710346-ACT | Steve.Greer@MarcusMillichap.com
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Wellbore Integrity Solutions
- Retailer
- 165,135 SF
- -
- Triple Net
- Sep 2043
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Wellbore Integrity Solutions | Retailer | 165,135 SF | - | Triple Net | Sep 2043 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,076,435 CAD | |
| Land Assessment | $200,207 CAD | Total Assessment | $1,276,642 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$200,207 CAD
Improvements Assessment
$1,076,435 CAD
Total Assessment
$1,276,642 CAD
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GLOBAL OIL & GAS WELLS INDUSTRIAL PROVIDER | 3211 W Admiral Doyle Dr
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