For Sale
$1,100,000

1105 College RdLafayette, LA 70503

100% Occupied, High Cap Rate, Great Location

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 5,902 square foot medical office building is situated on a 1.165-acre lot at 1105 S College Rd, Lafayette, LA 70503. The single-story, Class B building boasts 100% occupancy and commands a strong asking price of $1,100,000, translating to $186.38 per square foot. The property offers a compelling 8.00% capitalization rate, making it an attractive investment opportunity. Zoned CM-1, this property benefits from ample on-site parking. Its strategic location provides convenient access to Ochsner Medical Center, the University of Louisiana at Lafayette (UL), and the Oil Center, all within close proximity. Furthermore, Lafayette Regional Airport is only a 10-minute drive away. The surrounding area is vibrant, with numerous local restaurants, shops, and businesses, including Red's Gym, enhancing the property's appeal and potential for continued success. This turnkey medical office building presents a rare opportunity for investors seeking a high-performing asset in a desirable location.

Highlights

  • 5,902 SF medical office building on a 1.16-acre lot at 1105 S College Rd, Lafayette, LA.
  • Class B, single-story building with 100% occupancy.
  • Asking price: $1,100,000 ($186.38/SF), 8.00% cap rate.
  • CM-1 zoning, ample parking.
  • Excellent location near Ochsner Medical Center, UL Lafayette, and the Oil Center; 10 minutes from the airport.

Property Details for 1105 College Rd

Property type
Office properties, Medical offices
Square Feet
5,902 SF
Class
B
Buildings
1
Stories
1
Lot Size (sq. ft)
50,747 SF

Location Insight

City
Lafayette
County
Lafayette Parish
State
Louisiana
Latitude
30.199754533639
Longitude
-92.026933844438
1105 College Rd, Lafayette, Louisiana

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1105 College Rd
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