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Modern Office Building with Amenities
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5750 Johnston St, Lafayette, LA 70503

Modern office space with on-site cafe and fitness center.

Property Size6,278 SF
Days on Market679

Property Features for 5750 Johnston St

General Information

Standard status Active
Size 6,278 SF
Property subtype Office
Listing Agency: Capstone Investment Partners
Listed By: Sal Crifasi · License #995707142
Source: Crexi
Added: Sep 21, 2024 Changed: Jul 6 Last Checked: Jul 28 at 1:28PM

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 Capstone Investment Partners

Investment Insights

Based on property information with market context.

The Summit is a 5-story modern office building that features an on-site cafe, a 24/7 fitness center, and on-site management. One of the last remaining units available in the building is a 6,278 RSF suite. Suite 504 includes 14 offices, a reception area, a cubicle bullpen area, a large conference room, a break area, a storage closet, and a copy room. The lease is full-service, with the tenant responsible for technology such as phone, internet, and cable. Cox Fiber, LUS Fiber, and AT&T Fiber provide service to the building.

Key Highlights

  • Modern 5‑story office building.
  • Full‑service lease with Tenant only responsible for technology.
  • On‑site amenities: cafe, 24/7 fitness center, and on‑site management.

Property Analytics

Current Use

The Summit Corporate Office HDR Construction Company McGriff Insurance Services Insurance Agency Gregory Touchet Estate Planning Attorney NCM Contractors | Home ... Hardware & Home Improvement

Suggested Use

Top Pick Real Estate Agency HVAC Service Parking Lot & Garage Hotel & Motel Law Firm Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.55 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

783
Businesses Nearby

Demographics for 70503, LA

27,497
Population
13,052
Households
2.1
Avg Household Size
38
Median Age
55%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
2,433
Density / Sq Mi
$94,360
Median Household Income
$54,170
Median Earnings
$1,087
Median Rent
$326,800
Median Home Value

Market

Lease Benchmarks for Lafayette, LA

$23.52 /SF/Yr
Avg Asking Price
$2.6–$266 /SF/Yr
Price Range
3,353 SF
Avg Space Size

This space is priced 28% below the average of $23.52 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Modern office space with on-site cafe and fitness center.
Where is this office units located?
The property is located at 5750 Johnston St Lafayette, LA.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: Modern 5‑story office building.; Full‑service lease with Tenant only responsible for technology.; On‑site amenities: cafe, 24/7 fitness center, and on‑site management.
(337) 280-3565 Call to check price and availability
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