GLOBAL ENERGY TENANT NET LEASE THROUGH APRIL 2030
Houma, LA, 70360
The offering provides two industrial facilities totaling approximately 28,091 square feet on approximately 2.2 acres within Sugar Pointe Industrial Park in Houma, Louisiana. The properties include specialized infrastructure, including overhead cranes, jib cranes, and compressed-air equipment. The facilities support equipment storage, servicing and offshore support activities.
The properties combine warehouse/service space, office areas, substantial covered work areas, crane infrastructure and industrial yard functionality suitable for equipment-intensive energy-service operations. It is located in the energy services corridor and 6.8 miles from U.S. Highway 90 / future I-49.
Why this is a good deal
This offering presents an opportunity to acquire two industrial facilities leased to Frank’s International, LLC, an Expro company, with a net lease through April 30, 2030. Expro and its predecessor operations have maintained a presence at the location since 2008, demonstrating a long-standing commitment. The lease includes approximately 3% annual increases, providing scheduled income growth, and places broad operating, maintenance, real estate tax and repair responsibilities on the tenant, limiting landlord expenses.