Address
2534 Cummins Road, Houma, LA
Price
$ 4,700,000
Property Attributes
  • MLS#2026016748
  • TypeCommercial
  • Listing Status Active
  • ParishTerrebonne
  • CityHouma
  • AreaNo Area
  • NeighborhoodHouma-terrebonne Airport Commission
  • Zip70363
  • Style
  • Price$ 4,700,000
  • Bedrooms0
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage61925
  • Lot Size5.5 Acres
Data Source:
Greater Baton Rouge MLS (GBRAR)
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.

Price History
9/11/2026 Listed $4,700,000

General Features

Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Natural Gas Connected
Roof Metal
Construction Materials Metal Const
Electric 3Phase Elec
Property Subtype Commercial
Assoc Fee Paid Per Annually
County Terrebonne
Property Type Commercial Sale
Subdivision Name Houma-terrebonne Airport Commission
Status Active
City Houma
MLS Area No Area
Lot Size Square Feet 239580
Carport Y/N false
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Legal Description BUILDINGS ON PROPERTY LEASED FROM THE HOUMA-TERREBONNE AIRPORT COMMISSION ACCT. A03C-42167. LEASE NO. HA-1-05.

Interior Features

LivingAreaSource Appraiser
Total Baths 4

Exterior Features

Fencing Partial
Parking Features Concrete,Parking Lot,On Site
Water Source Public
Lot Size Area 5.5
Foundation Details Other
Building Area Total 61925
Lot Size Acres 5.5
Door Features OH Door 16-20 Ft

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 70363

Price
AVG $560K
$4.7M
Listed By
Canal & Main Realty

In The Neighborhood

View Details Similar Properties Save

Houma

$ 195,000

Type
Commercial
Size
4,939 SqFt

Areas We Cover

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