INVESTMENT OPPORTUNITY FOR SALE- Medical Office

Office for Sale
Catylist Listing ID: 30048316
Property Subtypes: Medical
Building Size (RSF): 5,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.41 Acres
Sale Price: $1,200,000
Unit Price: $240 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/17/2017

Overview / Comments

INVESTMENT OPPORTUNITY! This is a stand-alone Medical Office building located in the heart of Acadiana! Building is in excellent condition and in 2013-2014 it was renovated to accommodate a Cath Lab for three Cardiologists. The tenant spent $750,000 on renovations and another $750,000 on equipment. Current Lease is for ten years with one ten year option to renew for an increase and the commencement was around March of 2014. There are approximately 7 years left on the lease. Cap Rate of 7.5% and NOI of $90,000 annually.

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: G3
Taxing Authority: Lafayette Parish
Tax ID/APN: 6126565
Zoning: CH
Property Visibility: Excellent
Number of Stories: 1
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lot 1 of Oak Bend Sub

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,952 85,167 147,085
Median Age: 32.68 34.35 34.3
Households: 7,099 35,722 59,302

Contact

Photograph of Listing Agent

David A Gleason

Coldwell Banker Pelican - Lafayette Lafayette, LA 70503
Not a member of MCAR CIE
Photograph of Listing Agent

Robert W Minyard

Coldwell Banker Pelican - Lafayette Lafayette, LA 70503
Not a member of MCAR CIE
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