Office Building with Dual
For Sale
$1,820,000
Pending
1749 Bertrand Dr, Lafayette, LA 70506
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
Days on Market97
Property Features for 1749 Bertrand Dr
General Information
Standard status
Pending
Size
7,835 SF
Lot size
1.62 Acres
Property subtype
Investment
Zoning
CH
Occupancy
100%
Additional Details
Business Included
Yes
Building Details
Tenancy
Single
Listing Agency:
Lee & Associates
Listed By:
Clinton Shepard · License #SALE.0995690388-ACT
(337) 279-0371
Source:
Lacdb.resimplifi
Added: Jul 13
Changed: Oct 7
Last Checked: Oct 16 at 5:51AM
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
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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.
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)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,176
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,823,520
$1.8M
Cap Rate 7%
$1,302,514
$1.3M
Cap Rate 9%
$1,013,067
$1.0M
Market Conditions
NOI Build-Up for 7,835 SF
Gross rent
$141.0K $18.00/SF
− Vacancy
−$19.5K −$2.48/SF
EGI
$121.6K $15.52/SF
− OpEx
−$30.4K −$3.88/SF
NOI
$91.2K $11.64/SF
Area
Lafayette, LA
Vacancy
13.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,823,520
Cap Rate 7%
$1,302,514
Cap Rate 9%
$1,013,067
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.52M
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
NOI $129,672 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
963
Businesses Nearby
Explore this area
Business Placement
Demographics for 70506, LA
39,801
Population
20,296
Households
2
Avg Household Size
36
Median Age
37%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,914
Density / Sq Mi
$55,553
Median Household Income
$38,764
Median Earnings
$1,024
Median Rent
$215,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
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)
