This 63,317 square foot heavy fabrication facility is located in Hammond, Louisiana. The vertical improvements are comprised of a primary fabrication facility and two detached offices. At the time of our appraisal, the property was owner occupied by Quality Iron of Louisiana, a specialized fabricator of structural and miscellaneous steel of major commercial and industrial projects. A regional lending institution engaged The McEnery Company to provide an AS IS opinion of market value. Our analysis also accounted for due segregation of the personal property inclusions related to the overhead cranes in place, with proper allocation of personal property exclusions from the applicable improved comparable sales.
