1749 Bertrand Dr Lafayette, LA 70506
Office building on dual-access site with leaseback proposed by Town Square Media on a NNN basis.
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 (318) 366-6064
Listing date Jul 13, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
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 |