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

Bull Realty is pleased to present 1000 Plantation Road in Thibodaux, Louisiana. The building is 100% leased to three state agencies, backed by the strong AA credit of the State of Louisiana. Following a renovation of more than $2.5 million and new and renewed leases last year, the property provides 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, moved into 31,433 SF just last year. Occupying roughly 92% of the building, DCFS runs core public assistance programs from this location. The facility serves an ongoing community need rather than discretionary demand. The balance of the property, 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.