Marcus & Millichap Brokers Sale of Broussard Industrial Facility Leased to Drilling Tools International
Marcus & Millichap confirmed the sale of a 35,840-square-foot industrial property in Broussard, Louisiana, leased to Drilling Tools International. The transaction, announced on July 23, 2026, transferred the facility on a 10-acre site to a real estate investment trust (REIT) for more than $130 per square foot. The industrial facility, located at 1149 Smede Highway, [&hellip
Marcus & Millichap confirmed the sale of a 35,840-square-foot industrial property in Broussard, Louisiana, leased to Drilling Tools International. The transaction, announced on July 23, 2026, transferred the facility on a 10-acre site to a real estate investment trust (REIT) for more than $130 per square foot. The industrial facility, located at 1149 Smede Highway, [&hellip
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
