6054-6072 Candice Ln - Warehouse FOR SALE


Lake Charles, LA 70615
$4,412,000 USD
310-897-0809
6054-6072 Candice Ln, Lake Charles, LA for Sale
$4,412,000 USD
Warehouse - FOR SALE
1/7
null | 6.5% Cap Rate

6054-6072 Candice Ln
Lake Charles, LA 70615


OVERVIEW

Investment Highlights Below: • STRONG CORPORATE GUARANTEE / INVESTMENT GRADE PARENT COMPANY - SRS Distribution is the fastest growing distributor of building products in the United States with over 750 locations nationwide & an annual revenue of ±$10 Billion. In June of 2024, Home Depot (NYSE: HD) completed the acquisition of SRS Distribution for $18.25B. Home Depot is an investment grade tenant (S&P: “A” Credit Rating). • NEWLY RENOVATED FUNCTIONAL IOS INDUSTRIAL - Fully renovated in 2024, this highly functional ±30,890 SF facility sits on a huge ±10.33 acre lot (6.86% building/lot coverage), allowing for significant Industrial Outdoor Storage (IOS) capabilities – one of the most sought-after asset classes in today’s market. Some of the recent renovations include: o Complete Facility Demo / Renovation (new LED lighting, insulation, flooring, perimeter fencing, break rooms, show rooms, etc.) o Brand-New Building Systems (plumbing, HVAC, electrical, fire, etc.) o Significant Concrete Addition (Both Interior & Exterior) o New Forklift Area & Roll-Up Grade Level Doors • LONG-TERM PASSIVE LEASE / 3% ANNUAL RENT INCREASES - SRS Distribution signed a new 10-year Industrial NNN lease in 2024, demonstrating their long-term commitment to this facility. The subject lease features favorable 3% annual rent increases & additional options to renew at fair market value, providing investors with a strong hedge against inflation. • STRATEGIC INDUSTRIAL HUB IN GULF COAST REGION - Lake Charles has a robust transportation infrastructure, serving as a vital trade and commerce hub for the Gulf Coast region. The subject property is strategically positioned near The Port of Lake Charles, Interstates 10 & 210, Chennault International Airport, and major rail lines, including Union Pacific and Kansas City Southern, making Lake Charles a mission critical location for industrial operations.

FOR SALE DETAILS

PRICE

$4,412,000 USD

PRICE/SF

$143 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

11

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.33

LAND SF

449,975

ZONING

-

APN/PARCEL ID

01332347,01332354,01333444

ASK ABOUT THIS PROPERTY

Brett DavisMatthews Real Estate Investment ServicesMore Info
310-897-0809

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Brett DavisMatthews Real Estate Investment ServicesMore Info
310-897-0809

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.