615 Westwego Avenue, Westwego, LA 70094 - industrial property

Detailed information about industrial property which situated in Westwego (70094) city, Louisiana state on 615 Westwego Avenue.

Additional Information: Approx. 28,420 sq. ft. fully sprinklered warehouse facility which includes approx. 1,860 square feet of office area. Construction is steel frame with concrete block exterior walls, situated on Lot R. 40,000 sf +/- (approx. area of land of Lot R after expropriation). Adjacent grass lot W-1 measuring 48,210 sq. ft. also included in sale. Lot is zoned M1 and is fenced. Semi-dock height loading area with four (4) overhead doors. 13'2" (side), 18'6" (peak) eave height. M-1, Light Industrial. * Rear building wall has been rebuilt as a new metal wall after expropriation of rear portion of building for bridge widening project and new power ventilation fans have been installed in said wall. HVAC in office was replaced in 2009, fence around Lot W-1 replaced in 2010. *Entire building leased through September 30, 2014 to Bishop Lifting Products, Inc. NOI $78,000 + $16,800 cell tower income. Property taxes and property insurance for 2011 were $0.95/sq. ft. or $26,998. Tenant does not have a renewal option in place but has made improvements to the property and plans to extend the lease for five years in 2014. * Rental income of $1,400/month for cell tower lease (part of Lot W-1)which will be renewed June 30, 2012 for five years with two additional five year options available. *Asking $990,000 $34 /sq. ft. (including additional lot W-1)