$4,700,000
Houma, LA 70363
MLS# 2026016748
61925 sqft
1 / 7
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.
Details
Documents
Listing Information
Comp Sale YN: No
Property Sub Type: Commercial
Status Change Information
Status Change Timestamp: 2026-09-11
Delayed Marketing: No
Address
Parish or County: Terrebonne
MLS Area Major: None
Street Number: 2534
Street Name: CUMMINS ROAD
State: LA
Postal Code (Zip): 70363
Parcel Number: 21716
Contract
Current Price: $4,700,000
Original List Price: 4700000
Status: Active
Listing Contract Date: 2026-09-11
List Price: $4,700,000
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Occupant Type: Tenant
List Price/SqFt: 75.9
Interior
Building Area Total: 61925
Building
Year Built: 2005
Year Built Details: Estimated build date is 2005 but multiple buildings have been built since. Third building on the right side of property is approximately 10 years old. Buyer to verify.
Lot
Lot Size Acres: 5.5
Lot Size Square Feet: 239580
Waterfront YN: No
Remarks
Public Remarks: 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.
Inclusions: Real Estate
Disclosure Details
Special Listing Conditions Remarks: Sellers elect to sell property with full waiver of warranty & Redhibition rights at Act of Sale per LAC.C. art. 2520 and LAC.C. art. 2541. Please have buyer check appropriate section on P.A. entitled Waiver of Warranty.
Land Details
Mineral Rights: Reserved
Income and Expenses
Annual Insurance Expense: 70492
Building and Property Details
Number Of Restrooms: 4
# Of Offices: 14
Number Of Cranes: 15
Warehouse Area: 52129
Warehouse Area Units: Square Feet
Office Area: 9796
Office Area Units: Square Feet
Tax Legal
Subdivision Name: Other
Property Features
Building Features: Overhead Door 16-20 Ft
Business Type: Industrial
Construction Materials: Metal Siding
Cooling: Central Air
Current Use: Industrial
Disclosures: Property As Is
Electric: Three Phase
Fencing: Partial
Foundation Details: Other
Heating: Central
Listing Terms (Financing): Cash; Conventional; Private Financing Available
Location of Property: Industrial Park
Parking Features: Concrete; On Site; Parking Lot
Possible Use: Industrial
Road Frontage Type: City Street
Roof: Metal
Sewer: Public Sewer
Water Source: Public
Showing Requirements: Call Listing Agent
Offering Memorandum 
Listing Office: Canal & Main Realty
Office Phone: 985-868-5230
Office Email: stefany@canalmain.com
Last Updated: October - 30 - 2026
Information deemed reliable but not guaranteed.
Broker Attribution:
985-868-5230
GUIDRY & CO. REAL ESTATE, Lafayette, LA. All offices are independently owned and operated. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Realtor® Association of Acadiana; MLS Real Estate listings held by brokerage firms other than GUIDRY & CO. REAL ESTATE are marked with the MLS approved icon for
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. “Information Deemed Reliable But Not Guaranteed”. Copyright 2016 REALTOR® Association of Acadiana, All rights reserved.
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