Industrial Investment Leased to Watsco 8% Cap Rate

View Sale Brochure: https://buildout.com/sharing/Industrial-Investment-Leased-to-Watsco-8-Cap-Rate-1924-e-main-st-new-iberia-sale?file=4340255
Now for sale, 1924 E Main St offers a ±14,280 SF office/showroom and warehouse currently leased through May 2028 to Watsco, a publicly traded HVAC/R distribution company.

Watsco is currently on a five-year lease with annual 3% increases that started in 2023. Current annual base rent is at $40,518.32.

The building features office/showroom space at the front with warehouse space in the rear, 3 grade-level doors, mezzanine and a brand-new roof.

Exterior features include a large paved parking area and laydown yard, along with dual frontage on E Main St and E St Peter St.

The site is also located ±6 mins from the S Lewis St and E Admiral Doyle Dr intersection featuring amenities such as Walmart Supercenter, Rouses, Harbor Freight, Chick-fil-A, Starbucks, and more.

• Watsco is the largest HVAC/R distributor in North America
• 3 grade-level doors, brand-new roof, and large paved parking area and laydown yard
• Dual frontage from E Main St and E St Peter St
• ±6 mins from the S Lewis St and E Admiral Doyle Dr, a retail heavy corridor