7.31% CAP | EXPRO OPERATIONS SINCE 2008 | ~3% ANNUAL… — Sale in Houma, LA

  • Price: $3.1M
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Houma, LA 70360
  • Size: 28,091 SF

Photos

7.31% CAP | EXPRO OPERATIONS SINCE 2008 | ~3% ANNUAL… — Sale in Houma, LA, photo 1 of 8
7.31% CAP | EXPRO OPERATIONS SINCE 2008 | ~3% ANNUAL… — Sale in Houma, LA, photo 2 of 8
7.31% CAP | EXPRO OPERATIONS SINCE 2008 | ~3% ANNUAL… — Sale in Houma, LA, photo 3 of 8
7.31% CAP | EXPRO OPERATIONS SINCE 2008 | ~3% ANNUAL… — Sale in Houma, LA, photo 4 of 8
7.31% CAP | EXPRO OPERATIONS SINCE 2008 | ~3% ANNUAL… — Sale in Houma, LA, photo 5 of 8
7.31% CAP | EXPRO OPERATIONS SINCE 2008 | ~3% ANNUAL… — Sale in Houma, LA, photo 6 of 8
7.31% CAP | EXPRO OPERATIONS SINCE 2008 | ~3% ANNUAL… — Sale in Houma, LA, photo 7 of 8
7.31% CAP | EXPRO OPERATIONS SINCE 2008 | ~3% ANNUAL… — Sale in Houma, LA, photo 8 of 8

Investment Figures

Price per square foot
$110

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

KW Commercial South is pleased to exclusively offer for sale 124 & 130 Equity Boulevard, a two-building industrial investment located within Sugar Pointe Industrial Park in Houma, Louisiana. The offering consists of approximately 28,091 square feet of gross building area situated on approximately 2.2 acres and is offered at $3,100,000, representing a 7.31% cap rate on current annualized NOI of $226,590. The properties support the established Houma-area operations of Expro , a publicly traded global energy-services company (NYSE: XPRO), and are leased to Frank’s International, LLC, an Expro company . Expro and its predecessor operations have maintained a presence at this location since 2008 , providing approximately 18 years of operating history at the property . The tenant initially occupied 130 Equity Boulevard before subsequently expanding its operations into neighboring 124 Equity Boulevard. Throughout its tenure, the operation has completed multiple lease renewals and invested in specialized infrastructure supporting its equipment service, storage and offshore-support activities. Tenant-installed improvements include two 10-ton overhead cranes, two ½-ton jib cranes, compressed-air equipment and other specialized operational infrastructure . Importantly, 100% of the enclosed shop/warehouse areas in both buildings are HVAC-conditioned , providing a highly functional climate-controlled environment for equipment servicing, storage and industrial operations. The most recent lease amendment extends the lease term through April 30, 2030 , with contractual base rent increasing approximately 3% annually through expiration . Current annualized base rent is approximately $255,852. Ownership is responsible for property insurance, currently approximately $29,262 annually, resulting in current annualized NOI of $226,590 . The lease places substantial property-level operating obligations on the tenant, including real estate taxes, maintenance and repairs, providing ownership w

Market Context

This industrial in Houma, LA is listed for sale at $3,100,000 across 28,091 SF. Compare it against other industrial listings for sale in Houma, LA — view the full market.

First seen on CREHunt: Sep 23, 2026

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