• 318 Guilbeau Road - 318 Guilbeau Rd, Lafayette, LA 70506

For Sale

Medical Office
Office

For Sale

This property is available for sale
5,000
SF
$1,200,000
Sale Price
  • Year Built
    2008
  • Overview

    INVESTMENT OPPORTUNITY! This is a stand-alone Medical Office building located in the heart of Acadiana! Building is in excellent condition and in 2013-2014 it was renovated to accommodate a Cath Lab for three Cardiologists. The tenant spent $750,000 on renovations and another $750,000 on equipment. Current Lease is for ten years with one ten year option to renew for an increase and the commencement was around March of 2014. There are approximately 7 years left on the lease. Cap Rate of 7.5% and NOI of $90,000 annually.

Contact or Call

Property Details

INVESTMENT OPPORTUNITY! This is a stand-alone Medical Office building located in the heart of Acadiana! Building is in excellent condition and in 2013-2014 it was renovated to accommodate a Cath Lab for three Cardiologists. The tenant spent $750,000 on renovations and another $750,000 on equipment. Current Lease is for ten years with one ten year option to renew for an increase and the commencement was around March of 2014. There are approximately 7 years left on the lease. Cap Rate of 7.5% and NOI of $90,000 annually.

  • Property Type
    Medical Office, Office
  • Year Built
    2008
  • Sale Price
    $1,200,000
  • Total Building Size
    5,000RSF
  • Number of Floors
    1
  • Building Class
    C
  • Last updated
    Jan 03, 2018
  • Property ID
    1890085

Landlord's Sales Representatives

  • Robert W Minyard
    The Gleason Group
     
  • David A Gleason
    The Gleason Group