Conditioned Warehouse - Monroe MSA

Investment Overview

The subject improvements consist of a ±51,447-square-foot industrial property comprising two buildings located at the corner of Central Avenue and Airline Boulevard in Monroe, Louisiana. The improvements include a ±42,735-square-foot office/warehouse facility containing approximately ±13,535 square feet (31.7%) of finished office space, and a ±8,712-square-foot climate-controlled warehouse with no finished office area. The property is currently owner-occupied and utilized as a medical supply storage and distribution facility. Both buildings are constructed with steel framing on concrete slab foundations. Exterior finishes consist of corrugated metal panel siding and sloped metal roofs. The improvements feature six grade-level overhead doors, with eave heights ranging from approximately 25 to 36 feet. Interior finishes within the office areas include a combination of sealed concrete and laminate tile flooring, painted sheetrock walls, and acoustical tile ceilings. Warehouse areas feature sealed concrete floors with exposed structural walls and ceilings. A total of four restrooms are located within the office/warehouse building. Site improvements include a paved surface parking area providing approximately 45 parking spaces. Based on our inspection, the improvements were found to be in overall very good condition.

Investment Highlights

• ±51,447 SF Two-Building Industrial Property in Great Condition
• Located at Central Avenue and Airline Boulevard
• Owner Occupied Medical Supply Storage Facility
• ±42,735 SF Office/Warehouse with 31.7% Finished Office Space
• ±8,712 SF Climate Controlled Warehouse
• Steel Frame Construction with Metal Siding & Roofs
• Six Overhead Doors, 25’–36’ Eave Heights, Etc.