State-Leased Office
For Sale
$1,325,000
117 Production Dr, Lafayette, LA 70508
Office property occupied under a full-service gross lease extending through 2028.
Property Size10,880 SF
Lot Size1.12 Acres
Price / SF$121.78
Days on Market68
Property Features for 117 Production Dr
General Information
Standard status
Active
Size
10,880 SF
Class
B
Lot size
1.12 Acres
Property subtype
Office
Zoning
CM-1
Occupancy
100%
Net Operating Income
$120,331
Building Details
Building Size
10,880 SF
Year Built
2004
Buildings
1
Tenancy
Single
Owner Occupied
No
Listing Agency:
Beau Box Commercial Real Estate
(225) 333-9807
Listed By:
Cade Bogan · License #0995693088
(225) 333-9807
Source:
Beaubox
Added: Jun 25
Changed: Aug 29
Last Checked: Aug 30 at 4:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beau Box Commercial Real Estate
Investment Insights
Based on property information with market context.
Constructed in 2004, this 10,880-square-foot office building occupies approximately 1.12 acres in Lafayette, Louisiana. The facility was developed for the Louisiana Department of Health’s Medicaid Eligibility Office and is configured for that established office use.
The property is occupied by a long-term state tenant under a full-service gross lease. A five-year renewal completed in 2023 extends the lease through 2028. CM-1 zoning and Flood Zone X classification are also reported for the site.
The property is occupied by a long-term state tenant under a full-service gross lease. A five-year renewal completed in 2023 extends the lease through 2028. CM-1 zoning and Flood Zone X classification are also reported for the site.
Key Highlights
- 10,880 SF office building on +/-1.12 acres
- Built in 2004 for the Louisiana Department of Health Medicaid Eligibility Office
- Long‑term state tenancy renewed for 5 years in 2023
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,254
Businesses Nearby
Explore this area
Business Placement
Demographics for 70508, LA
40,343
Population
18,677
Households
2.2
Avg Household Size
38
Median Age
47%
College-Educated
94%
High-School Grad
24.3 sq mi
ZIP Area
1,660
Density / Sq Mi
$88,017
Median Household Income
$51,614
Median Earnings
$1,244
Median Rent
$299,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office property occupied under a full-service gross lease extending through 2028.
Where is this office building located?
The property is located at 117 Production Dr Lafayette, LA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 10,880 SF office building on +/-1.12 acres; Built in 2004 for the Louisiana Department of Health Medicaid Eligibility Office; Long‑term state tenancy renewed for 5 years in 2023
