2534 Cummins Road, Houma, LA 70363
2534 Cummins Road, Houma, LA 70363
2534 Cummins Road, Houma, LA 70363
2534 Cummins Road, Houma, LA 70363
2534 Cummins Road, Houma, LA 70363
2534 Cummins Road, Houma, LA 70363
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Sharon Dallalio

Sharon Dallalio

+1(225) 535-8907
$ 4,700,000
Est. payment | /mo

4 Baths

61,925 SqFt

Save
$ 4,700,000
Est. payment | /mo
Save

4 Baths

61,925 SqFt

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 61,925 sqft

Price per Sqft $75

Subdivision Houma-Terrebonne Airport Commission

MLS Listing ID 2026016748

Lot Size 5.500 Acres

Property Sub-Type Commercial

Property Description

2534 Cummins Road offers a corporate-guaranteed, credit-backed industrial income stream at an approximate 8.1% leasehold cap rate. The 61,925 SF crane-served facility is 100% occupied by Houma Armature Works, a Nidec Motor Corporation subsidiary, with lease obligations unconditionally guaranteed by Nidec, a globally traded manufacturer listed on the NYSE and Tokyo Stock Exchange. Base rent is $486,000 annually with contractual 8% escalations at each five-year renewal, delivering built-in yield growth across up to six future renewal options. Landlord exposure is capped by lease at $32,000 for property taxes and $55,000 for insurance, with the tenant responsible for all costs above those thresholds. Recent capital improvements, including full roof replacement across the complex within the last two to three years, further limit near-term landlord obligations. The property sits on a 5.55-acre leasehold under a ground lease with the Houma-Terrebonne Airport Commission, currently recorded through 2035 and extended twice, most recently in connection with the tenant's investment in a 50-ton crane and storage facility completed in 2024–2025, reflecting a long-term operating commitment to the site. Located within the Houma-Terrebonne Airport Industrial Park with direct access to U.S. Highway 90 and the Houston-to-Gulf energy corridor, the asset is well suited for 1031 exchange, net-lease, or institutional acquisition strategies.

Location

State LA

County Terrebonne

Interior

Heating Central

Cooling Central Air

Exterior

Fence Partial

Utilities Available Natural Gas Connected

Roof Type Metal

Private Pool false

Building

Foundation Other

Sewer Public Sewer

Water Public

Others

Acceptable Financing Cash, Conventional, Private Financing Available

Listing Terms Cash, Conventional, Private Financing Available

Special Listing Condition As Is

Listed by Canal & Main Realty

Schools and Properties Nearby

Sharon Dallalio

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(225) 535-8907

sharonsellsbr@gmail.com

Baton Rouge, LA 70810, USA

Learn More About LPT Realty

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2534 Cummins Road