Net Leased Warehouse For Sale in 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.

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.