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1149 Smede Hwy
Broussard, LA 70518 St Martin Parish

$4,950,000 USD

Warehouse For Sale  •  27,500 SF

Property Details

  • Property Type Warehouse
  • Total Building Size 35,840 SF
  • Lot Size 10.05 AC
  • Building Class A
  • Year Built 2006
  • Cap Rate 6.88 %
  • Tenancy Single
0 Transit Score
13 Walk Score

Highlights

Long Term Absolute Net Lease Featuring 2.25% Annual Rental Increases throughout the Initial Term and Two, 5-Year Extension Options.
Located in Broussard along Smede Highway, the property sits within the Lafayette Parish oilfield services cluster.
Drilling Tools International (NASDAQ: DTI) is a Leading Publicly Traded Energy Services Company providing Downhole Drilling Tool Rentals.
Port of Iberia Access - Just minutes from the property, the 2,000-Acre Port of Iberia provides Barge and Ship Access to the Gulf of Mexico.
Strategic Gulf Coast Location - Situated between Houston and New Orleans, Broussard offers direct access to Major Markets via U.S. Hwy-90.
Proximity to Major Energy and Industrial Operators - Nearby Operators And Demand Drivers Include Halliburton, Schlumberger, Baker Hughes, NOV, etc
Cap Rate: 6.88 %

Major Tenants

Tenant SF Occupied Lease End Date
Drilling Tools International (NASDAQ: DTI) 35,840 SF 7/31/2037

Public Transportation

Commuter RailDriveWalkDistance
17 min - 9.9 mi
AirportDriveWalkDistance
Lafayette Regional/Paul Fournet Field 20 min - 11.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 48
Type: Surface
Included in Rent: Yes
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap