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403 W Admiral Doyle Dr 69,315 SF Industrial Building New Iberia, LA 70560 $3,905,668 CAD ($56.35 CAD/SF)
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Investment Highlights
- Conveniently located with multiple access points, plus only 2.3 miles from US Highway 90, which bridges the gap between New Orleans and Houston.
- 403 W Admiral Doyle Drive is a partially fenced and secured facility with great accessibility, as well as 53 car parking stalls and 15 trailer stalls.
- Leased to Omega Protein, a leading U.S. based producer of nutritional ingredients derived from marine and plant sources.
- Streamline operations with one loading dock, eight grade-level doors of varying sizes, and a power supply of 120/208v, 480v, and 3-phase power.
- Prime amenities and key destinations nearby, like the Port of Iberia, 4 miles away, the Acadiana Regional Airport, and First Solar, both 5 miles away.
Executive Summary
403 W Admiral Doyle Drive is a ±69,315 total square foot office/warehouse leased to Omega Protein, Inc, which operates as an additional warehousing space to their processing plant in Abbeville, LA. Omega Protein recently executed a 3 year lease with 5.56% annual increases in the initial term and has (1) 3 year option to extend with 3% annual increases.
This industrial property in New Iberia, Louisiana spans approximately 69,315 total square feet of space, of which ±5,287 square feet is office and ±64,026 square feet is warehouse space. The main warehouse area has four grade level doors, one dock door, mezzanine storage space, 3 large overhead fans, drainage, and a paint booth. Column spacing ranges from 19’4” to 49’5” and clear heights range from 14’7” to 22’. The facility is equipped with 120/208v, 480v, 3-phase power. ±3,445 SF of the warehouse square footage is in a separate building off to the side of the main building which has four grade level doors. There is also a ±1,000 SF canopy structure in the rear of the property. There are 53 regular parking stalls and 15 trailer stalls. The property is partially fenced and has several access points on three sides.
New Iberia, Louisiana is located in southern Louisiana, about 20 miles southeast of Lafayette, with easy access via U.S. Highway 90, a key corridor connecting the area to New Orleans and Houston. 403 W Admiral Doyle Drive is located approximately 4 miles from the Port of Iberia, and is approximately 5 miles from the Acadiana Regional Airport and First Solar Manufacturing Facility. First Solar is currently under construction on a 2.1M square foot facility where they will manufacture large solar panels. This is a $2+ billion dollar investment in the area that is projected to bring around 700 jobs to New Iberia. Additionally, the Port of Iberia is undergoing a dredging project deepening the canal which will open the door for larger vessel access and thus more business through the Port. There is a very positive outlook on the horizon for New Iberia.
This industrial property in New Iberia, Louisiana spans approximately 69,315 total square feet of space, of which ±5,287 square feet is office and ±64,026 square feet is warehouse space. The main warehouse area has four grade level doors, one dock door, mezzanine storage space, 3 large overhead fans, drainage, and a paint booth. Column spacing ranges from 19’4” to 49’5” and clear heights range from 14’7” to 22’. The facility is equipped with 120/208v, 480v, 3-phase power. ±3,445 SF of the warehouse square footage is in a separate building off to the side of the main building which has four grade level doors. There is also a ±1,000 SF canopy structure in the rear of the property. There are 53 regular parking stalls and 15 trailer stalls. The property is partially fenced and has several access points on three sides.
New Iberia, Louisiana is located in southern Louisiana, about 20 miles southeast of Lafayette, with easy access via U.S. Highway 90, a key corridor connecting the area to New Orleans and Houston. 403 W Admiral Doyle Drive is located approximately 4 miles from the Port of Iberia, and is approximately 5 miles from the Acadiana Regional Airport and First Solar Manufacturing Facility. First Solar is currently under construction on a 2.1M square foot facility where they will manufacture large solar panels. This is a $2+ billion dollar investment in the area that is projected to bring around 700 jobs to New Iberia. Additionally, the Port of Iberia is undergoing a dredging project deepening the canal which will open the door for larger vessel access and thus more business through the Port. There is a very positive outlook on the horizon for New Iberia.
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Property Facts
Amenities
- Fenced Lot
- Floor Drains
- Skylights
- Storage Space
- Car Charging Station
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Houston
2,325,502
233
4 h 37 m
Austin
964,254
394
7 h 31 m
Dallas
1,345,047
407
7 h 11 m
San Antonio
1,532,233
438
8 h 6 m
Fort Worth
895,008
446
7 h 59 m
Memphis
650,618
462
8 h 38 m
Access and Labor Force
10 Miles
Total Population
79,717
Total Labor Force
35,362
Unemployment Rate
5.50%
Median Household Income
$53,731
Warehouse Employees
5,111
High School Education Or Higher
83.90%
$ values in USD
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Hardee's | - | - | 10 min walk |
| McDonald's | - | - | 15 min walk |
| Burger King | - | - | 14 min walk |
Retail |
||
|---|---|---|
| Dollar General | Dollar/Variety/Thrift | 6 min walk |
| Rent-a-center | Rental Shop | 13 min walk |
Hotels |
|
|---|---|
| Super 8 |
95 rooms
4 min drive
|
| Days Inn |
59 rooms
5 min drive
|
| Candlewood Suites |
83 rooms
4 min drive
|
| Holiday Inn Express |
98 rooms
5 min drive
|
| Quality Inn |
78 rooms
5 min drive
|
Property Taxes
| Parcel Number | 0501922000 | Improvements Assessment | $286,709 CAD |
| Land Assessment | $37,343 CAD | Total Assessment | $324,052 CAD |
Property Taxes
Parcel Number
0501922000
Land Assessment
$37,343 CAD
Improvements Assessment
$286,709 CAD
Total Assessment
$324,052 CAD
Sale Advisors
Sale Advisors
Clinton Shepard, Commercial Sales & Leasing
Born and raised in West Monroe, Louisiana, Clinton moved to South Louisiana and joined NAI Latter & Blum in 2015. He is actively involved in both tenant and landlord representation, having represented clients in the acquisition and disposition of commercial assets. Expertise in site selection and location analytics using ArcGIS mapping and Site To Do Business. Earned “Rookie of the Year” honors for NAI Latter & Blum across its five commercial offices in 2016. He specializes in retail and industrial properties.
Ryan Polito, Commercial Sales & Leasing Agent
Born and raised in Franklin, Louisiana, Ryan moved to Lafayette in 2017 to attend the University of Louisiana at Lafayette where he excelled and graduated in the Spring of 2021 with a Bachelor’s Degree in Finance. He entered into residential real estate in 2018 before branching out into the property and casualty insurance industry, eventually returning to real estate as a commercial agent. The beginning of his career was spent under the mentorship of two high producing agents, during which he gained a specialization in industrial, office, and retail properties types and a well versed knowledge of land and income producing assets. Ryan is committed to bringing value to his clients not only through his transactional experience, but also through further education and following micro and macro-economic trends to help those clients make educated decisions for the future
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403 W Admiral Doyle Dr
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