Net Leased Warehouse For Sale in New Iberia

Investment Overview

403 W Admiral Doyle Drive is a ±69,315 SF office/warehouse facility leased to Omega Protein, Inc., serving as supplemental warehousing for its processing plant in Abbeville, LA. Omega Protein recently executed a new 3-year lease featuring 5.56% annual rent increases during the initial term, along with one 3-year extension option at 3% annual increases. Located in New Iberia, Louisiana, the property includes approximately ±5,287 SF of office space and ±64,026 SF of warehouse space. The main warehouse is equipped with four grade-level doors, one dock-high door, mezzanine storage, three large overhead fans, drainage, and a paint booth. Column spacing ranges from 19’4” to 49’5”, with clear heights from 14’7” to 22’. The facility is powered by 120/208V and 480V, 3-phase electrical service. An additional ±3,445 SF warehouse structure is located adjacent to the main building and includes four grade-level doors. The property also features a ±1,000 SF rear canopy. Site improvements include 53 standard parking spaces, 15 trailer stalls, partial fencing, and multiple access points on three sides.

Investment Highlights

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