This 8,319 square foot medical office building in Lake Charles, Louisiana, is currently 100% occupied by Talecris Plasma Resources, a subsidiary of Grifols, under a Net Lease agreement. The property, built in 2007 and situated on a 1.13-acre lot at 1001 Gerstner Memorial Dr, boasts a strong location with high visibility and traffic counts. Gerstner Memorial Drive sees 21,500 vehicles per day, and the property enjoys immediate access to Interstate 210 (45,100 VPD). Its proximity to Lake Charles Memorial Hospital (314 beds) and Chennault International Airport further enhances its strategic position. The current lease commenced December 1, 2006, and expires January 31, 2026, offering a remaining lease term of approximately 1.2 years. The lease includes 2% annual rent bumps and two 5-year renewal options. The property generates a Net Operating Income (NOI) of $193,773, representing a 9.00% cap rate on the asking price of $2,153,041. The tenant, Talecris Plasma Resources, has a significant operating history at this location since 2006, demonstrating a long-term commitment. The strong tenant, coupled with the favorable lease terms and prime location, makes this a compelling investment opportunity. Over 82,000 people reside within a five-mile radius, with an average household income of $76,493. This e-commerce resistant, essential business offers a stable and attractive investment profile.
Highlights
E-commerce resistant, essential business operations.
Multiple lease renewals demonstrate tenant loyalty and long-term commitment.
Strong operating history since 2006.
Tenant, Talecris (a Grifols subsidiary), is a publicly traded global healthcare company (NASDAQ: GRFS).
2% annual rent escalations.
High-traffic location on Gerstner Memorial Drive (21,500 vehicles per day).
Property Details
for 1001 Gerstner Memorial Dr
Property type
Retail properties, Office properties
Square Feet
8,319 SF
Year Built
2007
Lot Size (sq. ft)
49,223 SF
Location Insight
City
Lake Charles
County
Calcasieu Parish
State
Louisiana
Latitude
30.2248067
Longitude
-93.1796526
1001 Gerstner Memorial Dr, Lake Charles, Louisiana
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Contacts
Randy Blankstein
Jimmy Goodman
Visit Broker Website
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1001 Gerstner Memorial Dr, Lake Charles, Louisiana, 70601
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1001 Gerstner Memorial Dr
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