2534 Cummins Rd | Image 1
2534 Cummins Rd | Image 2
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2534 Cummins Rd | Image 7

$4,700,000

For Sale

A month ago

2534 Cummins Rd, Houma, LA

House

MLS® 2026016748

0 Bed

4 Bath

61925 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size 61925 sqft
Garage 
Taxes $35,137
Days Active 26
Lot Size 5.5 Acres
Approx. Age 
Avg. Price Per Sqft $75
MLS® Number 2026016748

Property Address: 2534 Cummins Rd, Houma, LA, 70363-5426

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number2026016748
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
DrivewayConcrete, Parking Lot, On Site
Garage Spaces
HeatCentral
A/CCentral Air

Extras

Real Estate

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 11, 2026List Date
$4,700,000List Price
  • Commute

Commute

Starting Address
Destination Address
2534 Cummins Rd, Houma, LA

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