Contacts
Jennifer Stein
Lee & Associates
John Wolfner
Bracket Real Estate, Inc.
Property Details
- Property Type Industrial
- Property Size 80,344 SF
- Lot Size 11.5 Acre
- Zoning Commercial
- Additional Rent Contact for pricing
- # of Floors 1
- Average Floor Size 80,344 SF
- Parking Spaces Avail. 40
- Parking Ratio 0.50 / 1,000 SF
- Property Tenancy Multi-Tenant
- Building Class B
- Year Built 2007
- Date Updated Oct 18, 2024
- Clear Height 18'
- Dock High Doors 9
Bracket Real Estate, in tandem with Ten-X, is pleased to offer an industrial value-add, located at 3701 Avery Island Road, totaling 80,424 square feet and encompassing three warehouse structures constructed on 4.23 acres. The offering also includes two large undeveloped parcels of land located on each side of the industrial asset. The parcel to the left, when facing the buildings, totals 3.04 acres and offers a point of access on Avery Island Road. The parcel to the right, when facing the buildings, totals 4.21 acres and provides its own point of access. The developed parcel and the 3.04-acre parcel are both industrially zoned with a zoning code of I-1 (light industrial). The 4.23-acre parcel is zoned A-1 (low-density single-family residential development) and can be rezoned to fit future developmental needs. Please see the Iberia Parish zoning information link below. 3701 Avery Island Road boasts advantageous proximity to major retailers, demand drivers, and travel arteries, including US Highway 90 and State Route 14. The area is also home to a viable potential employee and economic pool; over 120 goods-producing businesses with nearly 2,300 employees are located within a three-mile radius of the property. The property is next door to Dollar General and is located near many national retailers, services, and food purveyors, including Tractor Supply, Lowe's, Enterprise, Waffle House, Chili's, and more. Acadian Regional Airport (KARA) lies less than 10 miles from the property.
New Iberia is located in the Lafayette industrial market. The market's vacancy rate is currently 2.9%, a 0.5% decrease over the past 12 months. Comparatively, market rents are around $9.60 per square foot, a 5.5% increase from a year ago. Employment growth has also continued to stimulate the market. In the past year, the number of jobs has increased by 0.9%. While the Lafayette market is smaller than most national markets, the current economic climate stands to foster worthy investments throughout the region. Listed by Jennifer Stein with Jennifer Stein Real Estate, LA license #BROK.995688204-ACT.
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Highlights
- Multi-tenant industrial value-add opportunity located approximately 35 minutes from Lafayette and proximate to US Highway 90 & State Route 14.
- 3701 Avery Island Road totals 80,424 square feet of industrial space and includes two large developable parcels of land.
- Boasting immense value-add potential through gradual rate increases and lease-ups; market rents have grown by 5.5% year-over-year.
- New Iberia has experienced sustained job growth, with major employers being Turner Industries, Ochsner Health, Haliburton, Bruce Food, and more.
- 3701 Avery Island Road is located near national retailers and food providers, including Dollar General, Lowe’s, Enterprise, Waffle House, and more.
Getting around
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7/100
Walk Score ®
-
28/100
Bike Score ®
Location
- City New Iberia, LA
- Zip Code 70560
Points of Interest
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Food-N-Fun
1.17 miles
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Exxon
1.23 miles
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RaceWay
1.27 miles
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Chevron
1.48 miles
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Mobil
1.62 miles
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Texaco
1.91 miles
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Murphy USA
2.83 miles
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Valero
2.87 miles
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Get Wet Carwash
2.79 miles
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Ruby Tuesday
1.21 miles
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Wendy's
1.24 miles
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Waffle House
1.24 miles
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Chili's Grill & Bar
1.25 miles
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El Chili Verde
1.31 miles
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Burger King
1.48 miles
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Concession Stand
1.71 miles
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McDonald's
2.23 miles
-
Hardee's
2.26 miles
-
Pearl House
2.27 miles
In-Depth Research Available for this Property
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