Office Building with Dual
For Sale
Contact for pricing
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
Price / SF$232.29
Days on Market51
Property Features for 1749 Bertrand Dr
General Information
Standard status
Active
Size
7,835 SF
Class
B
Lot size
1.62 Acres
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Sale/Leaseback
Net Operating Income
$141,030
Additional Details
Business Included
Yes
Building Details
Year Built
1983
Year Renovated
2026
Stories
1
Tenancy
Single
Listing Agency:
Lee & Associates - Lafayette
(318) 366-6064
Listed By:
Clinton Shepard · License #LA SALE.0995690388-ACT
Source:
Crexi
Added: Jul 13
Changed: Aug 8
Last Checked: Aug 29 at 11:17PM
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$91,176
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
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
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 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)
