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Office Building with Dual Access

1749 Bertrand Dr Lafayette, LA 70506

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1749 Bertrand Dr, Lafayette, LA, 70506
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Office building on dual-access site with leaseback proposed by Town Square Media on a NNN basis.

Property Size7,835 SF
Lot Size1.62 Acres
Price / SF$232.29
AddedJul 13
Days on Market4
Last RefreshJul 15 at 2:14 am

Property Features for 1749 Bertrand Dr

General Information

Standard status
Active
Size
7,835 SF
Lot size
1.62 Acres
Property subtype
Office

Building Details

Year Built
1983

Listing office Lee & Associates - Lafayette

Listing date Jul 13, 2026

Source Crexi

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 Lee & Associates - Lafayette


Investment Insights

Based on property information with market context.

1749 Bertrand Drive is a 7,835-square-foot office building offered for sale as a sale-leaseback. The property sits on approximately 1.62 acres and provides dual access from Bertrand Drive and Eraste Landry Road, supporting flexible ingress and egress for tenant and site operations.

The offering includes a proposed leaseback by Town Square Media, a publicly traded tenant, at $18/SF (NNN) for an initial 10-year term. The tenant also plans to begin a $150,000 interior upgrade, reflecting intended near-term capital improvements.

The site is located along Bertrand Drive on an established commercial corridor in Lafayette and is near the Bertrand/Congress intersection. The property is positioned in an area with a mix of office, retail, and service-oriented businesses, and it is close to University of Louisiana at Lafayette, Cajun Field, and Moncus Park.

Key Highlights

  • 7,835 SF office building built in 1983
  • Sits on approx. 1.62 acres with dual access from Bertrand Drive and Eraste Landry Road
  • Proposed 10‑year sale‑leaseback with Town Square Media at $18/SF (NNN)

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $141.0k $18.00
− Vacancy −$19.5k −$2.48
EGI $121.6k $15.52
− OpEx −$30.4k −$3.88
NOI $91.2k $11.64
7,835 SF · lease $18.00/SF/yr · vacancy 13.80% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.30M
$1.14M – $1.52M (±1% cap)
NOI $91,176 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M (±1% cap)
NOI $129,672 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Townsquare Media Lafayette Media Distribution Planet Radio 105.1 Marketing & Advertising 97.3 The Dawg Marketing & Advertising 96.5 FM KPEL Marketing & Advertising 1420 AM KPEL Advertising Agency

Suggested Use

Law Firm Dental Office Real Estate Agency (Bike/Boat/Book/etc) Store Bakery Spa & Massage Center Grocery & Convenience Store Daycare Center (Bike/Boat/Book/etc) Store Acupuncture

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office building - Office building on dual-access site with leaseback proposed by Town Square Media on a NNN basis.
Where is this office building located?
The property is located at 1749 Bertrand Dr Lafayette, LA.
What is the asking price?
The asking price for this property is $1,820,000.
What are key features of this property?
This property features: 7,835 SF office building built in 1983; Sits on approx. 1.62 acres with dual access from Bertrand Drive and Eraste Landry Road; Proposed 10‑year sale‑leaseback with Town Square Media at $18/SF (NNN)
Contact an agent
(318) 366-6064 Call to check price and availability
More about this property
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