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Broussard, LA

106 Birdie Lane

Address:
106 Birdie Lane, Broussard, LA 70518
Property Type:
Single Tenant
Price:
$1,070,000
Cap Rate:
7.01% cap
NOI:
$75,000
Square Feet:
7,500 sqft
Lot Size:
0.55 acres
Price Per Square Foot:
$142.67
Year Built:
2020
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* By downloading the Marketing Package (Offering Memorandum) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

Investment Highlights

Investment Highlights

Investment Highlights

  • Brand New Absolute-Net Lease In Place with Confetti Momma, LLC.
  • New 7,500-Square-Foot Metal Building Built Circa 2020
  • Two Grade-Level Doors for Shipping and Receiving
  • Property Sits in Close Proximity to Highway 90 East
  • Ability to Increase Cash Flow, and Capitalize as Area Expands and Market Rent Grows
  • Ability to Ask for Annual Sales Data from Tenant with Future Projections
  • 10-Ton Crane Capacity Within Building

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 106 Birdie Lane in Broussard, Louisiana, leased to Confetti Momma, LLC. The subject property consists of approximately 7,500 square feet of space and is situated on 0.55 acres of land. The newly built asset features metal construction, a 10-ton crane, and two grade-level doors for shipping and receiving. With close proximity to U.S. Highway 90 East, the property is well situated within the Lafayette market. As the area expands and market rent grows, the asset allows investors to increase future cash flow.

Confetti Momma recently signed a five-year absolute-net lease, and can provide annual sales data along with future projections. Since 2014, Confetti Momma Brands has offered handcrafted party decorations as a thriving e-commerce company. The company’s vision is to provide affordable decorations that compare to popular concepts often found on Pinterest. In 2020, Inc. Magazine included Confetti Momma to its list of the fastest-growing companies in America.

Metro Lafayette is a quickly growing area with a population of nearly 500,000. Known as the epicenter for Cajun culture, the local economy is anchored by the oil industry. Lafayette is home to Stuller, the world’s largest jewelry and setting manufacturer. The metro area also houses the state’s second-largest college, University of Louisiana at Lafayette. Adjacent to the city of Lafayette lies Broussard, Louisiana, a city that boasts a rapidly growing economic climate along with charming southern hospitality.

BROKER OF RECORD
CHRIS SHAHEEN
Louisiana Broker of Record
10527 Kentshire Court, Suite B
Baton Rouge, LA 70810
Tel: (225) 376-6750
Chris.Shaheen@marcusmillichap.com
License: LA: BROK.0995692662-ACT
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2022 Marcus & Millichap. All rights reserved. (Activity ID: ZAD0370187)