Fulton Realty Capital assisted a private client in purchasing a flex-industrial asset in Southeast Louisiana. Fulton's team identified the 36,500 rentable square foot property, secured fixed-rate financing, and managed all negotiations.
The two-building property, located near a major interstate highway, features versatile layouts. Each of the 18 units offers direct access and roll-up doors.
Current tenants include a mix of regional and local companies positioned across various industries. Fully occupied at closing and priced below replacement cost, there is potential for increased revenue through rent escalations as leases expire.
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