330,184 Square Foot Industrial Space For Sale @ 1905 Diver Dr

Waterfront facility with 840 feet of steel, loadout bulkhead on a canal in the Port of Iberia. This facility has been an oilfield fabrication yard for a number of years and is currently in operation. The facility includes 8 separate structures up to 11,200 square feet in size. The entire site is either cement or heavily stabilized. The average water depth in the canal is 12', and the canal can accommodate a rig, drill ship, or vessel up to 125' in width. There are no height obstructions all the way to the Gulf of Mexico. SIte improvements include 7 acres of limestone or concrete, 840 feet of bulkhead, 22 mooring bits, sandblasting curtains and 3 concrete slabs for fabrication. This offering is for the real estate, however the assets of the well-established fabrication business are available for an additional $500,000.00. These assets include a 230 ton and a 175 ton Manitowoc crawler cranes. The estimated cost to install the heavy bulkheading is over $3,000,000. The real estate was appraised in 2014 by MAI appraisal for $5,920,000.00.