Downtown Office

The subject property is located in Lafayette’s central business district and just a mile from Purdue University. Lafayette’s Central Business District is booming with new development, many new and established retail and professional services businesses, and a growing number of year-round residents.Unit 3A, the western half of the third floor, is available for sale for an asking price of $1,250,000. The condo is currently demised in two suites and occupied, offering a buyer an in-place projected gross income of $112,679.25. The projected net income is $95,619. The smaller suite, approximately 2525 sf, is leased for below market rent on a shorter-term basis with a lease featuring termination rights. The larger suite, leased to Morgan Stanley, has remaining term and renewal options. This purchase opportunity is perfect for an investor looking for in-place income with upside potential from leasing the smaller suite at a higher rental rate, or for an owner that intends to use the smaller suite for their own business while receiving income from the other tenant.The perfect opportunity awaits your business with this beautiful 3rd floor suite of 2,525 rentable square feet (2309 usable sf). The suite can be made available for lease subject to termination of the existing lease (which is permitted). It offers lovely windows and natural light with generously sized offices all within Columbia Center, a class A office building located in downtown Lafayette. A convenient, vibrant location and attached parking structure make this office lease opportunity attractive for a variety of professionals.