Leased investment: 100 William Stutes, B

Retail-Commercial for Sale
Catylist Listing ID: 30359992
Property Subtypes: Mixed Use, Street Retail
Condo? Yes
Building Size (RSF): 4,100 SF
Gross Building Area: See Agent
Sale Price: $554,000
Property Use Type: Net Leased Investment (NNN)
Building Name: 100 William O Stutes
Sale Terms: Cash to Seller
Cap Rate: 7.6%
Last Updated: 9/9/2019

Overview / Comments

A new tenant has completely renovated the space and entered a 5 year lease into 2023. Beautiful space with other great tenants in the center. The suites have been condo'd off to sell individually for investment or for use of owner occupant in the spaces not under lease. Beautiful landscaping and the space is very visible off one of the busiest streets in town and adjacent to Sam's.

Great investment rental property. Other tenants in the building suites include an award winning music academy of many years, a piano store of decades. Priced at only $135/SF. Tenant in this space is very busy.

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: G3
Tax ID/APN: 6109724
Is Condo?: Yes
Property Located Between: Sams and Walmart
Property Visibility: Excellent
Largest Nearby Street: Ambassador Caffery

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,473 74,952 148,663
Median Age: 35.07 34.19 34.16
Households: 4,057 31,256 59,718


Photograph of Listing Agent

David D Kellenberger

NAI/Latter & Blum Commmercial Lafayette Lafayette, LA 70503
Not a member of MCAR
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