- For Sale $1,450,000
- Property Type Industrial - Manufacturing
- Property Size 15,330 SF
- Lot Size 0.49 Acre
- Date Updated May 4, 2026
- HVAC None
Description
-Now for sale, 520 Magnolia St in Houma is a fully leased NNN investment property offering stabilized income through March 2028 occupied by GHX Industrial, an innovative value-added distributor of a full range of industrial gaskets and hoses.
The lease generates $10,300 per month in NNN rent and is priced at an 8.52% cap rate, providing in-place cash flow backed by an established industrial user.
The property consists of a ±15,330 SF building on a ±0.49-acre lot, zoned C2 – General Commercial District, and is located seconds from Little Black Bayou Rd (LA-311) and approximately ±1 mile from W Main St (LA-24).
Overall, the offering presents a stabilized NNN investment with in-place cash flow, an established industrial tenant, and quick regional access within Houma.
Highlights
- Fully leased NNN investment with in-place income
- Located seconds from LA-311 and ±1 mile from LA-24
- Priced at 8.52% cap rate
- Tenant lease in effect through March 2028
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Contacts
Caden LeBlanc
ELIFIN®
Location
Contact Listing Broker
Caden LeBlanc
ELIFIN®