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831 9th St 1,100 SF Retail Building Morgan City, LA 70380 $279,184 CAD ($253.80 CAD/SF) 7% Cap Rate
EXECUTIVE SUMMARY
Highly visible corner lot at the red light intersection of Ninth Street(LA Hwy 70) and Brashear Ave. in Morgan City, LA.
BUILDING
- Renovated in 2016. Replaced roof, A/C condenser, drop down ceiling, electrical upgrade and shored up building using Cable Lock Foundation Repair.
- Transferrable warranty with Cable Lock Foundation Repair.
- Same tenant has been in place for 8 years.
- NN lease with tenant paying base rent plus CAM (insurance and property taxes) adjusted annually.
Billboard and related lease not included.
BUILDING
- Renovated in 2016. Replaced roof, A/C condenser, drop down ceiling, electrical upgrade and shored up building using Cable Lock Foundation Repair.
- Transferrable warranty with Cable Lock Foundation Repair.
- Same tenant has been in place for 8 years.
- NN lease with tenant paying base rent plus CAM (insurance and property taxes) adjusted annually.
Billboard and related lease not included.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,100 SF
Building Class
C
Year Built
2007
Price
$279,184 CAD
Price Per SF
$253.80 CAD
Cap Rate
7%
NOI
$19,543 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.63
Lot Size
0.04 AC
Zoning
Commercial - Commercial
Parking
6 Spaces (5.45 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3224361698 | Improvements Assessment | $14,878 CAD |
| Land Assessment | $847 CAD | Total Assessment | $15,724 CAD |
PROPERTY TAXES
Parcel Number
3224361698
Land Assessment
$847 CAD
Improvements Assessment
$14,878 CAD
Total Assessment
$15,724 CAD
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831 9th St
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