Fully Leased Two-Building Industrial Investment | Credit Tenant | 9.3% Cap Rate

The offering includes two adjacent industrial warehouse buildings located at 5959 and 5969 McClelland Drive, just off Airline Highway in Baton Rouge, Louisiana. Building 1 contains 19,651 SF and Building 2 contains 11,361 SF, for a total of 31,012 SF. Both buildings are fully sprinklered with 18′ eave heights and are equipped with high-strength reinforced concrete slab foundations designed to support heavy equipment, as confirmed by geotechnical reports. Building 1 features three 20′ × 18′ overhead roll-up doors, while Building 2 includes two 20′ × 18′ overhead doors. The electrical system is serviced with 8,000 amps of 3-phase power, an existing air compression system, and full security fencing. Formerly utilized by a regional wholesale tire operator, the buildings are currently leased to GeoSurfaces, Inc., a subsidiary of TenCate, through November 30, 2029, with current NOI of approximately $135,000 annually. Although leased, the buildings are not currently occupied, offering a buyer flexibility for future owner-occupancy, partial leasing, or re-tenanting strategies.

Property Highlights

• Two (2) adjacent industrial warehouse buildings located at 5959 & 5969 McClelland Drive, just off Airline Highway in Baton Rouge, LA
• Total Building Area: 31,012 SF: Building 1: 19,651 SF.
• Building 2: 11,361 SF
• Fully sprinklered buildings
• 18′ eave heights throughout
• Overhead Doors: Building 1: Three (3) – 20′ x 18′ OHD doors. Building 2: Two (2) – 20′ x 18′ OHD doors
• 8,000 amps, 3-phase electrical service
• High-strength reinforced concrete slab foundations capable of supporting heavy equipment (per geotechnical reports)
• Former wholesale tire facility, designed for heavy industrial use
• Air compression system in place
• Fully secured site with perimeter security fencing

Tenant & Lease Information

• Tenant: GeoSurfaces, Inc. (Parent Company: TenCate)
• Lease Term: Through November 30, 2029
• Rent: $13,180.09/mo NN (TT pays Taxes and Insurance)
• 2% Annual Rent Increases
• Current NOI: Approximately $135,000 annually
• Occupancy: Not currently occupied, providing future flexibility
• Potential for owner-occupancy of one building
• Ability to retain tenant, pursue a partial lease-back, or re-tenant one or both buildings over time