5651 Highway 165 Bypass,  Monroe LA, 71202

(Active)
$250,000
|
2 baths
|
MLS# 187461
1of
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Last Updated: 4/24/2019 9:09 PM
Description for 5651 Highway 165 Bypass Monroe, LA 71202
Investment Opportunity! Corporate Lease! 2,800 SF Warehouse/Office located at 5651 Hwy 165 Bypass. 57,560 SF Compressed Concrete/Gravel/Stone Truck Yard/Turn. 2,000 SF Warehouse Space with a total of 8 roll-up doors. (4-front/4-rear). Foundation of Warehouse is Truck Height. 800 SF Office Space with side and rear stair entries. Floor plan attached. Current Lessee: Averitt Express Transport Company. NN Lease (paying taxes and CAM). Current lease term to October, 2021. Original lease began 2009. 5-Year Terms. Lease Rate: $2,600/month = $31,200/year. Property Tax Reimbursement: $132/month = $1,584/year. Operating Expenses: $3,084/year. Net Operating Income: $29,700/Year. Expense growth rate: 1%. CAP Rate on Resale: 8%. For more information or to schedule a private showing, please call listing agent.
Price
$250,000
Other
OUACHITA
2
187461
Active
Description
Investment Opportunity! Corporate Lease! 2,800 SF Warehouse/Office located at 5651 Hwy 165 Bypass. 57,560 SF Compressed Concrete/Gravel/Stone Truck Yard/Turn. 2,000 SF Warehouse Space with a total of 8 roll-up doors. (4-front/4-rear). Foundation of Warehouse is Truck Height. 800 SF Office Space with side and rear stair entries. Floor plan attached. Current Lessee: Averitt Express Transport Company. NN Lease (paying taxes and CAM). Current lease term to October, 2021. Original lease began 2009. 5-Year Terms. Lease Rate: $2,600/month = $31,200/year. Property Tax Reimbursement: $132/month = $1,584/year. Operating Expenses: $3,084/year. Net Operating Income: $29,700/Year. Expense growth rate: 1%. CAP Rate on Resale: 8%. For more information or to schedule a private showing, please call listing agent.
Listing Information
Property Type: Business Opportunities, Other
2 2.34 Acres
1990
Other
Public Water Service
Public Sewer
Onsite Electric, Cable TV, Electric
Neighborhood
Room Information
Interior Features
Central Air, Electric
Electric Heating, Central
3
Exterior / Lot Features
Gravel, Concrete Driveway
None
2.347 +/- acres
Security Lighting, Loading Dock, Freestanding, In County, Mineral Rights
Driving Directions
I-20 yo Hwy 165 S
Listing Price History

Monroe Real Estate

Monroe is located in Louisiana. Monroe, Louisiana 71202 has a population of 49,598.

The median household income in Monroe, Louisiana 71202 is $28,565. The median household income for the surrounding county is $39,111 compared to the national median of $53,482. The median age of people living in Monroe 71202 is 31.6 years.

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Courtesy: John Rea Realty
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This content last refreshed on 4/24/2019 9:09 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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