1000 E Morris Street

Description

Located on Highway 190 at 1000 E Morris Ave in Hammond, LA, this 10,816 SF two-story facility is in great condition and move-in ready. It can support multiple user types based on the functionality of the facility. The building sits on approximately 22,500 SF or one-half acre, within the Hammond city limits, with frontage on Hwy. 190 and the cross street, Noah James St.The building design affords it great flexibility between office and/or industrial warehouse use. It currently has 7,000 SF of downstairs office space, 3,000 sf of 1st floor warehouse and an 816 SF upstairs office area (which includes 2 offices, a restroom and breakroom). With the high vaulted center height of nearly 30+', moving the existing office walls to increase storage and warehouse capacity can be easily done to maximize any users need. Approximately 3,000 SF of Warehouse in the rear of the building with 2 drive-in doors (12'x10') and +/-1000 SF mezzanine storage deck above the offices is currently in place.TENANTS:Unit A: Barrier Construction (3,785 SF, 1st and 2nd Floor)Unit B: K12 Tech Repair (3,500 sf of 1st Floor)Unit C: 3,513 sf (3,000 1st Floor Flex WH + 513 SF Office) + 1000 SF 2nd Floor MezzanineOFFERING: This is being offered as an investment sale with a strong long-term tenant in Barrier Construction. K-12 Tech Repair is willing to stay or move depending on buyer's needs. Ideal value-added option for an investor or end user looking for small flex office warehouse space and existing cash flow from quality tenants. Great value-added opportunity with the current vacancy to increase investment ROI above the current offering at a very strong 9% Cap rate.***Contact Agent to schedule a tour***