Regional State Government Hub - State of Louisiana AA+ Credit | 9% Cap Rate | $9.6 Million

Investment Overview

Bull Realty is pleased to present 1000 Plantation Road in Thibodaux, Louisiana. The building is 100% leased to three Louisiana state agencies, so the AA credit of the State of Louisiana stands behind every dollar of rent. Following a renovation of more than $2.5 million and new and renewed leases last year across the tenant roster, the property offers investors stable government income in a building that has been substantially rebuilt. ANCHORED BY ESSENTIAL STATE SERVICES The Louisiana Department of Children and Family Services (DCFS), Office of Economic Stability – Division of Family Support, occupies 31,433 SF, roughly 92% of the building. DCFS runs core public assistance programs from this location, so the office serves an ongoing community need rather than discretionary demand. The rest of the building approximately 8% is leased to two divisions of the Louisiana Department of Health: the Bureau of Health Services Financing in 2,088 SF and the Office of Aging and Adult Services in 757 SF.

Investment Highlights

• 13 new HVAC systems
• New windows, plumbing, and electrical wiring
• New interior walls, suspended ceilings, flooring, and office doors
• Interior and exterior painting, landscaping, and fencing
• New roof (2022)