1001 Gerstner Memorial Dr Lake Charles, LA 70601
- Retail properties
- 8,319 SF
- 1.13 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1001 Gerstner Memorial Dr
- Year built
- 2007
- Lot size
- 1.13 lot acres
- Property size
- 8,319 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This 8,319 square foot medical office building in Lake Charles, Louisiana, is currently 100% occupied by Talecris Plasma Resources, a subsidiary of Grifols, under a Net Lease agreement. The property, built in 2007 and situated on a 1.13-acre lot at 1001 Gerstner Memorial Dr, boasts a strong location with high visibility and traffic counts. Gerstner Memorial Drive sees 21,500 vehicles per day, and the property enjoys immediate access to Interstate 210 (45,100 VPD). Its proximity to Lake Charles Memorial Hospital (314 beds) and Chennault International Airport further enhances its strategic position. The current lease commenced December 1, 2006, and expires January 31, 2026, offering a remaining lease term of approximately 1.2 years. The lease includes 2% annual rent bumps and two 5-year renewal options. The property generates a Net Operating Income (NOI) of $193,773, representing a 9.00% cap rate on the asking price of $2,153,041. The tenant, Talecris Plasma Resources, has a significant operating history at this location since 2006, demonstrating a long-term commitment. The strong tenant, coupled with the favorable lease terms and prime location, makes this a compelling investment opportunity. Over 82,000 people reside within a five-mile radius, with an average household income of $76,493. This e-commerce resistant, essential business offers a stable and attractive investment profile.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lake Charles
- County
- Calcasieu Parish
- State
- Louisiana
- Longitude
- -93.1796
- Latitude
- 30.2248
