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148-B Banks Ave 6,875 SF Industrial Building Lafayette, LA 70506 $1,525,871 ($221.94/SF) 7% Cap Rate
Executive Summary
Perfect 1031 or Investment opportunity. Tenant is 6th largest pest control company in the US with multiple business lines occupying the facility. Major building renovation in 2017. Limited Landlord responsibilities.
Property Facts
| Price | $1,525,871 | Building Class | B |
| Price Per SF | $221.94 | Lot Size | 0.60 AC |
| Sale Type | Investment | Rentable Building Area | 6,875 SF |
| Cap Rate | 7% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built/Renovated | 1982/2017 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Cross Streets | B |
| Zoning | Commercial - Light Industrial | ||
| Price | $1,525,871 |
| Price Per SF | $221.94 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.60 AC |
| Rentable Building Area | 6,875 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1982/2017 |
| Tenancy | Single |
| Cross Streets | B |
| Zoning | Commercial - Light Industrial |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 6050195 | Improvements Assessment | $40,289 |
| Land Assessment | $9,178 | Total Assessment | $49,467 |
Property Taxes
Parcel Number
6050195
Land Assessment
$9,178
Improvements Assessment
$40,289
Total Assessment
$49,467
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148-B Banks Ave