Office for Sale
Sale Pending
Catylist Listing ID: 30721772
Property Subtypes: Flex Space, Net Leased, Office Building
Status: Pending
Building Size (RSF): 21,819 SF
Gross Building Area: See Agent
Gross Land Area: 25.40 Acres
Sale Price: $3,250,000
Unit Price: $148.95 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 6.8%
Last Updated: 4/26/2021

Overview / Comments

Global Technology Park is a NNN-leased property occupied by a stellar long-term tenant located on one of Lafayette's main arteries at the 7000 block of Johnston Street/Highway 167. The 25 acre site includes a 17,234 SF two-story office building (15,020 SF office with 2,214 SF warehouse). The 452 feet of frontage provides Johnston Street visibility secured with gated access. This site also features a 1,820 SF training center with huge covered deck overlooking pond designed for company events and client entertainment. A well-maintained 4 bedroom/3 bath 2,765 SF waterfront guest house is also included. Four ponds are located in the rear of property for recreational use. Site improvements include 10,400 SF paved parking and 26,850 SF limestone surfacing. This is a one-of-a-kind commercial property with office building on high traffic frontage street plus residential and recreational properties in a natural, serene setting on back acreage. Awesome NNN leased investment opportunity with global long-term tenant!

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: K
Tax ID/APN: 6028438
Property Visibility: Excellent
Total Number of Buildings: 3
Year Renovated: 2012
Zoning Description: Unzoned
Lot Frontage: 452 approx
Lot Depth: 2543 approx
Legal Description: TR 2A SEC 85 T10S R4E/SEC 37 T10S R3E (25.357 AC)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,978 23,685 81,169
Median Age: 35.02 35.88 34.78
Households: 1,058 8,964 32,328


Photograph of Listing Agent

Susan Chauffe

Coldwell Banker Trahan Real Estate Group Lafayette, LA 70508
LACDB Member
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