901 Wilson StLafayette, LA 70503

Property Details for 901 Wilson St

Year built

1860

Lot size

1.22 AC

Property type

Office properties

APN

6039936

APU

6039936

Description

This exceptional investment opportunity presents a fully occupied, 38,020 square foot medical office building located at 901 Wilson St, Lafayette, LA 70503. The property boasts a 7.04% cap rate and a strong net operating income (NOI) of $777,823, with an asking price of $11,049,424 ($290.62/sq ft). The building consists of one structure housing five suites, currently leased to a diverse group of tenants under NNN leases, ensuring a stable and predictable income stream. Tenants include established medical practices such as the Lafayette Cardiovascular Center of Excellence and Cardiovascular Surgery Center. The 100% occupancy rate reflects the high demand for medical office space in this desirable location. Situated near the University of Louisiana at Lafayette and Ochsner Lafayette, the property benefits from excellent visibility and accessibility. Its proximity to Girard Park and its central location between Johnston St and Evangeline Thwy offer a blend of convenience and a tranquil environment. The property features extensive renovations, making it an attractive option for both investors seeking a stable, high-yield asset and owner-occupants looking to expand their operations and generate additional cash flow. The property's strong tenant base, prime location, and high occupancy rate make it a compelling investment opportunity. The APN is 6039936.

• CAP approach

  CAP return

  Valuation

  6%

  $7,281,872

  6.5%

  $6,721,728

  7%

  $6,241,604

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,037,634

  Geo Method

  $15,910,483

• Alternative Use

  Use

  Valuation

  Residential

  $8,334,942

  Hospitality

  $7,634,762

  Educational

  $6,352,032

  Medical

  $6,570,488

  Retail

  $9,880,939

Location Insight

City

Lafayette

County

Lafayette

State

Louisiana

Latitude

30.2073

Longitude

-92.0175

CBSA code

29180

CBSA name

LAFAYETTE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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