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42548 Happywoods Rd
Hammond, LA 70403

Eastern Metal Supply · Industrial Property For Sale

Investment Highlights

  • Eastern Metal Supply is one of the largest domestic distributors of custom and standard aluminum extrusions, servicing North, Central & South America
  • The Property’s invaluable location will significantly mitigate downside risk as the lease matures and indicates a high probability of renewal
  • The Port of South Louisiana ranks 1st in total domestic trade, 2nd in total foreign trade, and 3rd in both exports and imports
  • EMS's lease has more than 6.5 years remaining, and features 10% rent escalations every 5 years throughout the initial term and in the (2) 5-yr options
  • Located approximately 35 miles south of EMS, the Port of South Louisiana is one of the largest ports in the U.S. in total throughput tonnage
  • Located at the intersection of I-12 and I-55, the city of Hammond is Tangipahoa’s commercial hub, and is one of the fastest growing parishes in LA

PROPERTY FACTS

Sale Type Investment NNN
Cap Rate 7.65%
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 4.92 AC
Rentable Building Area 80,000 SF
No. Stories 1
Year Built 2008
Tenancy Single
Parking Ratio 0.38/1,000 SF
Clear Ceiling Height 24 ft
No. Dock-High Doors/Loading 4
No. Drive In / Grade-Level Doors 2

Amenities

  • Security System
  • Yard

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06299490
Land Assessment
$48,919 CAD
Improvements Assessment
$552,238 CAD
Total Assessment
$601,157 CAD

zoning

Zoning Code H-1 (Heavy Industrial)
H-1 (Heavy Industrial)
  • Listing ID: 33599774

  • Date on Market: 2024-10-22

  • Last Updated:

  • Address: 42548 Happywoods Rd, Hammond, LA 70403

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