401 Northpointe - Distribution FOR SALE


Covington, LA 70433
$7,800,000 USD
504-908-1282
401 Northpointe, Covington, LA for Sale
$7,800,000 USD
Distribution - FOR SALE
1/9
null | 5.8% Cap Rate

401 Northpointe
Covington, LA 70433


OVERVIEW

The building is custom-engineered and exceeds Lowe’s national warehouse specs. It includes tilt-up concrete walls, ESFR fire suppression, 24 dock-high doors, heavy 3-phase power, and open-span steel structure with minimal columns for maximized usable area. The facility sits on 4.83 acres and includes generous truck court depth and 75 paved parking stalls. Located in the Northpointe Business Park in Covington (St. Tammany Parish), directly across from FedEx’s regional distribution hub, the site provides unmatched logistics access via I-12 and I-10, linking Baton Rouge, New Orleans, and Gulf Coast shipping corridors. This is one of the last parcels zoned for 24/7 industrial in this location, offering long-term competitive advantage. See attached brochure for all details and pro forma.

FOR SALE DETAILS

PRICE

$7,800,000 USD

PRICE/SF

$114 USD /SF

CAP RATE

5.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northpointe Warehouse Distribution Center

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

UTILITIES

-

CLEAR CEILING HT

60 Ft

DOCKS

24

DRIVE INS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

4.83

LAND SF

210,395

ZONING

I2

APN/PARCEL ID

2910

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504-908-1282

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