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520 Magnolia St 20,000 SF Industrial Building Houma, LA 70360 $1,950,318 CAD ($97.52 CAD/SF)
Executive Summary
Now for sale, 520 Magnolia St in Houma is a fully leased NNN investment property offering
stabilized income through March 2028 occupied by GHX Industrial, an innovative value
added distributor of a full range of industrial gaskets and hoses.
The lease generates $10,300 per month in NNN rent and is priced at an 8.81% cap rate,
providing in-place cash flow backed by an established industrial user.
The property consists of a ±15,330 SF building on a ±0.49-acre lot, zoned C2 – General
Commercial District, and is located seconds from Little Black Bayou Rd (LA-311) and
approximately ±1 mile from W Main St (LA-24).
Overall, the offering presents a stabilized NNN investment with in-place cash flow, an
established industrial tenant, and quick regional access within Houma.
stabilized income through March 2028 occupied by GHX Industrial, an innovative value
added distributor of a full range of industrial gaskets and hoses.
The lease generates $10,300 per month in NNN rent and is priced at an 8.81% cap rate,
providing in-place cash flow backed by an established industrial user.
The property consists of a ±15,330 SF building on a ±0.49-acre lot, zoned C2 – General
Commercial District, and is located seconds from Little Black Bayou Rd (LA-311) and
approximately ±1 mile from W Main St (LA-24).
Overall, the offering presents a stabilized NNN investment with in-place cash flow, an
established industrial tenant, and quick regional access within Houma.
Property Facts
| Price | $1,950,318 CAD | Rentable Building Area | 20,000 SF |
| Price Per SF | $97.52 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2014 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 0.45/1,000 SF |
| Building Class | B | No. Dock-High Doors/Loading | 2 |
| Lot Size | 0.49 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | Industrial | ||
| Price | $1,950,318 CAD |
| Price Per SF | $97.52 CAD |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.49 AC |
| Rentable Building Area | 20,000 SF |
| No. Stories | 1 |
| Year Built | 2014 |
| Tenancy | Single |
| Parking Ratio | 0.45/1,000 SF |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | Industrial |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 20551 | Improvements Assessment | $142,614 CAD |
| Land Assessment | $15,823 CAD | Total Assessment | $158,437 CAD |
Property Taxes
Parcel Number
20551
Land Assessment
$15,823 CAD
Improvements Assessment
$142,614 CAD
Total Assessment
$158,437 CAD
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520 Magnolia St
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