47,000 SF Multi-Tenant Commercial Building near Amazon

Investment Overview

This 47,000 SF multi-tenant commercial building is situated on 2.799 acres with 453’ of frontage along Monterrey Boulevard. The property is zoned C-AB-2 and C1, allowing for a range of retail, office, fitness, or adaptive re-use concepts. Fully heated and cooled, the facility features ceiling heights of 30+ feet, an indoor basketball court, walking track, pool, locker rooms, and multiple open-span areas. Strategic location less than 2 miles from the recently built Amazon Fulfillment Center, now one of Louisiana’s largest employment hubs. Currently 100% leased to Super Fitness, Peak Performance Physical Therapy, a wrestling group, and a barber, the property yields a 10% cap rate with below-market rents. Leases can be cancelled for owner-occupant. All fitness equipment on site can remain. Replacement cost: $300 PSF