Warehouse

GHX Industrial

4927 Hwy 90 E, Broussard, LA 70518

Listing Price: $1,125,000

Cap Rate
8.00%
Gross SF
18,775
Price/Gross SF
$59.92
Lot Size
3.05 acres
Year Built
1995
Rentable SF
18,775

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 4927 Highway 90 East in Broussard, Louisiana, leased to GHX Industrial. The subject property consists of approximately 18,775 square feet of space and is situated on 3.05 acres of land, providing outside storage and the possibility for expansion. The triple-net lease allows limited landlord responsibility for out-of-market owners and the recent lease extension shows GHXs commitment to the real estate. In addition, the below market rental rate for the tenant creates an opportunity to re-lease at a
competitive market rate. The asset is a strategically located industrial warehouse with access to U.S. Highway 90 East and proximate access to major freeways. Recent pandemic instability did not affect the Outlying Lafayette Parish Submarket, resulting in a tight 3.5 percent vacancy rate. Rents grew by 3.9 percent over the past 12 months, exceeding the 2.4 percent average annual change over the past decade.

GHX Industrial, LLC is a highly recognized value-added distributor and fabricator of industrial gaskets and hoses. With 44 locations across North America, their inventory consists of a wide range of gasket materials, hoses, fittings, textiles, and expansion joints. GHX is able to cover a broad spectrum of applications for the industries they serve. GHX is the leader in providing solutions to static sealing (gaskets) and fluid transfer (hoses) with top quality fabrication, capabilities, and programs tailored to help customers reduce downtime and increase throughput. (ghxinc.com)

The city of Broussard, Louisiana, boasts a rapidly growing economic climate to match its geographical one. Southern hospitality and charm combine with hot growth opportunities and cutting edge 21st century technology in this Cajun country heartland hitting the top of the charts and headlines for its economic expansions. (cityofbroussard.com)

Investment Highlights

  • Recent Lease Extension Shows GHXs Commitment to the Real Estate
  • Property Sits on 3.05 Acres and is Set Up with Outside Storage
  • Triple-Net Lease with Limited Landlord Responsibilities for Out-of-Market Owners
  • Below Market Rental Rate, Creates Opportunity to Re-Lease at Competitive Market Rate
  • Recent Pandemic Instability Did Not Affect the Outlying Lafayette Parish Submarket
  • Rents Grew by 3.9% Over the Past 12 Months, Exceeding the 2.4% Average Annual Change

Exclusively Listed By

Broker of Record

  • Chris Shaheen

    Associate

    License(s): LA: BROK.0995692662-ACT

    Louisiana

Listing Price: $1,125,000

Cap Rate
8.00%
Gross SF
18,775
Price/Gross SF
$59.92
Lot Size
3.05 acres
Year Built
1995
Rentable SF
18,775

Investment Highlights

  • Recent Lease Extension Shows GHXs Commitment to the Real Estate
  • Property Sits on 3.05 Acres and is Set Up with Outside Storage
  • Triple-Net Lease with Limited Landlord Responsibilities for Out-of-Market Owners
  • Below Market Rental Rate, Creates Opportunity to Re-Lease at Competitive Market Rate
  • Recent Pandemic Instability Did Not Affect the Outlying Lafayette Parish Submarket
  • Rents Grew by 3.9% Over the Past 12 Months, Exceeding the 2.4% Average Annual Change

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 4927 Highway 90 East in Broussard, Louisiana, leased to GHX Industrial. The subject property consists of approximately 18,775 square feet of space and is situated on 3.05 acres of land, providing outside storage and the possibility for expansion. The triple-net lease allows limited landlord responsibility for out-of-market owners and the recent lease extension shows GHXs commitment to the real estate. In addition, the below market rental rate for the tenant creates an opportunity to re-lease at a
competitive market rate. The asset is a strategically located industrial warehouse with access to U.S. Highway 90 East and proximate access to major freeways. Recent pandemic instability did not affect the Outlying Lafayette Parish Submarket, resulting in a tight 3.5 percent vacancy rate. Rents grew by 3.9 percent over the past 12 months, exceeding the 2.4 percent average annual change over the past decade.

GHX Industrial, LLC is a highly recognized value-added distributor and fabricator of industrial gaskets and hoses. With 44 locations across North America, their inventory consists of a wide range of gasket materials, hoses, fittings, textiles, and expansion joints. GHX is able to cover a broad spectrum of applications for the industries they serve. GHX is the leader in providing solutions to static sealing (gaskets) and fluid transfer (hoses) with top quality fabrication, capabilities, and programs tailored to help customers reduce downtime and increase throughput. (ghxinc.com)

The city of Broussard, Louisiana, boasts a rapidly growing economic climate to match its geographical one. Southern hospitality and charm combine with hot growth opportunities and cutting edge 21st century technology in this Cajun country heartland hitting the top of the charts and headlines for its economic expansions. (cityofbroussard.com)

Exclusively Listed By

Broker of Record

  • Chris Shaheen

    Associate

    License(s): LA: BROK.0995692662-ACT

    Louisiana

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