Millhaven North

Vacant Land for Sale
Catylist Listing ID: 30327145
Property Subtypes: Industrial
Gross Land Area: 640 Acres
Sale Price: $28,800,000
Unit Price: $45,000 Per Acre
Sale Terms: Cash to Seller, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 11/5/2018

Overview / Comments

Millhaven North is a 640 acre, LED Certified Site located on Millhaven Road one-half mile north of Interstate 20 in Monroe, LA. The site was originally a 726-acre tract until DHL Supply Chain, North America acquired 86 acres in 2017 for a plant and logistics center. The 1.27-million square-foot facility will be used by Graphic Packaging International. DHL will complete the new logistics center by the second half of 2018, with Graphic Packaging consolidating the production of its two West Monroe carton plants into the new combined converting facility in 2019. This site is highly suited for clean manufacturing, third party logistic companies, research, e-commerce distribution and fulfillment centers in addition to standard industrial and warehouse development to meet local demand. As an LED certified site, the property owners have had an extensive amount of due diligence work completed prior to bring the tract to market. As a result the property has a clean bill of health and is one of largest shovel-ready sites along the I-20 corridor in north Louisiana.

Pricing Matrix
0 - 80 Acres $75,000/Acre
81 - 150 Acres $65,000/Acre
151 - 300 Acres $55,000/Acre
301+ Acres $45,000/Acre

Additional Details

Nearest MSA: Monroe
County: Ouachita
Tax ID/APN: 9781, 9782, 9784
Area Description: Millhaven North is located just east of Monroe, LA along Interstate 20 in north Louisiana. Monroe is the eighth-largest city in Louisiana and is the parish seat of Ouachita Parish. The Monroe Regional Airport is within five miles of the site, excellent access to Interstate 20 and a pending rail spur from the KCS provide the site with unique combination of transportation options making Millhaven North a dynamic location for economic development. For logistics and distribution this locale is a strategic one due to its proximity to major population centers. Dallas, Houston, Birmingham, Memphis, New Orleans, Nashville and Atlanta are all 250 to 500 miles from the subject.
Lot Frontage: 6000
Lot Depth: 5200

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,234 25,179
Median Age: 32.59 31.09
Households: 2,726 8,785
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.