November 21, 2022 – Matt Nadler, Matt Siebert, and Jason Woods of Horvath & Tremblay have successfully completed the sale of an Urban Air Adventure Park in Denham Springs, Louisiana. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $5,900,000.
Urban Air Adventure Park is located at 170 Bass Pro Boulevard in Denham Springs, Louisiana. The Property was constructed in 2019 and features an attractive architectural design and ample parking. The Property is improved with a 31,800 square foot building on a 2.71-acre parcel of land. Urban Air Adventure Park has 7+ years remaining on their original 10-year lease, with two (2), 5-year renewal options. The lease features an attractive $1.00/SF (6.8%) rental increase in year 6 and $2.00/SF increases at the start of the two renewal options. The Property is extremely well located along Bass Pro Boulevard across the street from a Bass Pro Shops and Sam’s Club (with a gas station). The Property is 0.3-miles from the signalized intersection of Bass Pro Boulevard and S Range Avenue (LA – 3002), the area’s primary commercial corridor, and 0.5-miles from Interstate 12 which offers direct access to downtown Baton Rouge (the state Capital and 2nd most populous city in Louisiana) 7.5 miles to the west and Louisiana State University (LSU) and its 35,900+ students.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.