Lafitte Square Lafayette LA

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Property Overview

Address

217 E Kaliste Saloom Road
Lafayette, LA 70508

Overview

Lafitte Square (“Property”) is a 16,168 square foot, 2-story office building located in Lafayette, Louisiana. The building was constructed in 1978. The building is currently configured with 5 suites and is 45% occupied. With 69 surface parking spaces, the asset offers an above market parking ratio at 4.27 spaces per 1,000 square feet. The Property sits on 1.00 acres of land at 217 E Kaliste Saloom Road, less than 1 mile from Highway 90. The property is in the central area of Lafayette just south of the downtown area, hospital, and regional airport. Lafayette is the principal city of the Lafayette MSA which had a population of 489,207 in 2019. The economy of Lafayette is driven by regional healthcare, professional service, and the oil & gas industry.

Investment Highlights

Less than 1-mile from Highway 90

Well maintained asset with no apparent deferred maintenance

Parking ratio at 4.27/1,000

Visibility and monument signage on Kaliste Saloom Road

Ideal purchase for owner/user

Value-add in lease up (45% occupancy)

Location

Team

Brokerage team

Founded in 2009, Edge Realty Partners is a leading commercial real estate firm providing brokerage, development and investment sales services. With offices in Austin/San Antonio, Dallas/Fort Worth, Houston, Miami, Phoenix, and Southern California, the Edge platform offers over $6.2 billion in investment sales experience, $1.5 billion in development experience and exclusively represents more than 250 tenants and over 10 million square feet of commercial space.

Mart Martindale

Principal
214.545.6917 mmartindale@edge-cm.com

Wilson Stafford

Principal
214.545.6933 wstafford@edge-cm.com

John David Cobb

Associate
214.545.6962 jcobb@edge-cm.com

Get in Touch

Phone
214.545.6900
Address
5950 Berkshire Lane, Suite 700, Dallas, Texas 75225