Net Leased Warehouse For Sale in New Iberia

New Iberia, Louisiana is located in southern Louisiana, about 20 miles southeast of Lafayette, with easy access via U.S. Highway 90, a key corridor connecting the area to New Orleans and Houston. 403 W Admiral Doyle Drive is located approximately 4 miles from the Port of Iberia and is approximately 5 miles from the Acadiana Regional Airport and First Solar Manufacturing Facility. First Solar is currently under construction on a 2.1M square foot facility where they will manufacture large solar panels. This is a $2+ billion-dollar investment in the area that is projected to bring around 700 jobs to New Iberia. Additionally, the Port of Iberia is undergoing a dredging project deepening the canal which will open the door for larger vessel access and thus more business through the Port. There is a very positive outlook on the horizon for New Iberia.403 W Admiral Doyle Drive is a ±69,315 SF office/warehouse facility leased to Omega Protein, Inc., serving as supplemental warehousing for its processing plant in Abbeville, LA. Omega Protein recently executed a new 3-year lease featuring 5.56% annual rent increases during the initial term, along with one 3-year extension option at 3% annual increases. Located in New Iberia, Louisiana, the property includes approximately ±5,287 SF of office space and ±64,026 SF of warehouse space. The main warehouse is equipped with four grade-level doors, one dock-high door, mezzanine storage, three large overhead fans, drainage, and a paint booth. Column spacing ranges from 19’4” to 49’5”, with clear heights from 14’7” to 22’. The facility is powered by 120/208V and 480V, 3-phase electrical service. An additional ±3,445 SF warehouse structure is located adjacent to the main building and includes four grade-level doors. The property also features a ±1,000 SF rear canopy. Site improvements include 53 standard parking spaces, 15 trailer stalls, partial fencing, and multiple access points on three sides.