1001 Gerstner Memorial DrLake Charles, LA 70601

Property Details for 1001 Gerstner Memorial Dr

Year built

2007

Lot size

1.13 AC

Property size (Sq ft)

8,319 SF

Property type

Healthcare properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Lake Charles

County

Calcasieu Parish

State

Louisiana

Latitude

30.2248

Longitude

-93.1796

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