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Office Medical

Fresenius Lafayette, LA

1340 LA 728-8, Lafayette, LA 70501

Listing Price: $800,000

Cap Rate
8.15%
Gross SF
12,535
Rentable SF
12,535
Price/Gross SF
$63.82
Year Built
1960
Lot Size
1.83 acres

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a multi-tenant medical office building in Lafayette, Louisiana. The property offers stable income with tremendous value-add potential--over half of the 12,000 SF leasable area is currently occupied by the world's leading dialysis provider, Fresenius Medical Care. Fresenius operates out of the rear portion of the building and has been running a successful business in this location for nearly two decades. The area that is currently vacant was built out for a medical tenant, though it can be reconfigured for a variety of different uses. The vacant space is along the front of the building with great frontage on Highway 728.

This investment offers an attractive in-place yield with upside. The building is offered below replacement cost and sits on a parcel of nearly two acres of land.

The city of Lafayette, Louisiana is located 115 miles to the West of New Orleans and 50 miles to the Southwest of Baton Rouge. Lafayette is best known for its exquisite Cajun food and music scene, while being commonly referred to as a sportsmans paradise for the great hunting and fishing the region has to offer. Lafayette is home to over 125,000 residents, with many more living in the surrounding area.



Investment Highlights

  • 46% Vacancy
  • National Credit Tenant
  • Stable Income with Tremendous Upside

Exclusively Listed By

Broker of Record

  • Chris Shaheen

    Associate

    License(s): LA: BROK.0995692662-ACT

    Louisiana

Office Medical

Fresenius Lafayette, LA

Listing Price: $800,000

Cap Rate
8.15%
Gross SF
12,535
Rentable SF
12,535
Price/Gross SF
$63.82
Year Built
1960
Lot Size
1.83 acres

Investment Highlights

  • 46% Vacancy
  • National Credit Tenant
  • Stable Income with Tremendous Upside

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a multi-tenant medical office building in Lafayette, Louisiana. The property offers stable income with tremendous value-add potential--over half of the 12,000 SF leasable area is currently occupied by the world's leading dialysis provider, Fresenius Medical Care. Fresenius operates out of the rear portion of the building and has been running a successful business in this location for nearly two decades. The area that is currently vacant was built out for a medical tenant, though it can be reconfigured for a variety of different uses. The vacant space is along the front of the building with great frontage on Highway 728.

This investment offers an attractive in-place yield with upside. The building is offered below replacement cost and sits on a parcel of nearly two acres of land.

The city of Lafayette, Louisiana is located 115 miles to the West of New Orleans and 50 miles to the Southwest of Baton Rouge. Lafayette is best known for its exquisite Cajun food and music scene, while being commonly referred to as a sportsmans paradise for the great hunting and fishing the region has to offer. Lafayette is home to over 125,000 residents, with many more living in the surrounding area.



Exclusively Listed By

Broker of Record

  • Chris Shaheen

    Associate

    License(s): LA: BROK.0995692662-ACT

    Louisiana

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