Six Building Office Investment Near ULL - 91% Leased - 8.15% Cap

Office for Sale
Sale Pending
Catylist Listing ID: 30868953
Property Subtypes: Business Park, Mixed Use, Flex Space, Net Leased, Office Building, Other
Status: Pending
Building Size (RSF): 50,660 SF
Gross Land Area: 2.96 Acres
Sale Price: $3,300,000
Unit Price: $65.14 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 91
Last Updated: 4/16/2024

Overview / Comments

Investment opportunity just ±7 minutes from ULL.

1304 Bertrand Dr is a 6-building office complex that is currently 91% leased.

Historically stabilized property with on-site management and maintenance.

The complex is ±50,660 SF (±8,443 SF per building) and situated on a ±2.973-acre lot.

Roofs replaced on all 6 buildings in 2017.

Recent renovations to two buildings in the rear, including full exterior paint and updating. Renovations of remaining buildings currently in progress.

Three current vacancies allow for future added cash flow.

• ±7 minutes from ULL
• 6-building office complex – Currently 91% leased
• Roofs replaced in 2017, cosmetic renovations in progress now
• Three vacancies allow for future added cash flow

***To access the FINANCIALS (rent roll, income, expense, etc.), please click “Sale Brochure” below. From there, you’ll be redirected to our website, able to login, sign the Confidentiality Agreement electronically, and access all of the available information. If you don’t already have an account, you can create one for free.***

Attachments & Media

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: G3
Tax ID/APN: 6056071
Zoning: CH – COMMERCIAL HEAVY
Property Visibility: Excellent
Airports: Lafayette Regional Airport (LFT)
Total Number of Buildings: 6
Number of Stories: 2
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,929 79,335 148,544
Median Age: 28.87 33.68 34.26
Households: 5,806 32,445 60,247

Contact

Photograph of Listing Agent

Fabian Edwards

Elifin Realty Baton Rouge, LA 70801
LACDB Member
Photograph of Listing Agent

Brandon Abdella

Elifin Realty Baton Rouge, LA 70801
LACDB Member
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