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117 Production Dr
Lafayette, LA 70508
Office Property For Sale
INVESTMENT HIGHLIGHTS
- State Leased Property for Sale
- Located across the street from Walmart Supercenter
- Building Improvements in 2018 - Roof, Interior Paint, New Floors, Pressure Wash Exterior, Etc
EXECUTIVE SUMMARY
Introducing an investment opportunity located at 117 Production Dr in Lafayette, LA. This 10,880 SF office building, constructed in 2004, was specifically built for the State of
Louisiana, Louisiana Department of Health (Medicaid Eligibility Office), who has been a long-term tenant and solidified their tenancy with a 5-year renewal in 2023. The lease is structured as a full-service gross lease, extending until 2028.
10,880 SF office building
+/-1.12 acres of land
Built in 2004
CM-1 zoning
Flood Zone X
Louisiana, Louisiana Department of Health (Medicaid Eligibility Office), who has been a long-term tenant and solidified their tenancy with a 5-year renewal in 2023. The lease is structured as a full-service gross lease, extending until 2028.
10,880 SF office building
+/-1.12 acres of land
Built in 2004
CM-1 zoning
Flood Zone X
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
10,511 SF
Building Class
B
Year Built/Renovated
2004/2023
Price
$1,325,000
Price Per SF
$126.06
Cap Rate
8.93%
NOI
$118,305
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,511 SF
Building FAR
0.22
Lot Size
1.12 AC
Zoning
CM-1 - Commercial Mixed 1
Parking
51 Spaces (4.85 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 6124324 | Improvements Assessment | $140,250 |
| Land Assessment | $27,838 | Total Assessment | $168,088 |
PROPERTY TAXES
Parcel Number
6124324
Land Assessment
$27,838
Improvements Assessment
$140,250
Total Assessment
$168,088
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