Below Market Rents: Uptown Loft’s max allowable rent increases for 2022 is an opportunity to push rents and increase net operating income.
Proximity to Downtown Lafayette: Tenants have immediate access to a highly desirable neighborhood within Lafayette that features an extensive list of bars, restaurants, boutiques, entertainment, and coffee shops.
Diverse Employment Base: Lafayette is home to a variety of companies across the Oil and Gas, Construction, Food Processing, Healthcare, Manufacturing, and Transportation industries. At least 9 companies employ over 1,000 employees including notable brands such as Frank’s International, Oceaneering International, Lafayette General Health, Stuller, Inc, Walmart, Waitr, and Island Operating.
Nearby University Louisiana Lafayette: Uptown Lofts is located less than 5 minutes from University of Louisiana Lafayette. With an enrollment of 16,225 and 3,476 jobs, Lafayette is the 2nd largest university in the state of Louisiana. The university has an economic impact of over $380 million across the state.
Additional Lafayette Job Announcements: Multiple companies have recently announced expansions in Lafayette including:
BROKER OF RECORD | WYATT GRAVES | LICENSE #BROK.72326-ACT
THIS CONFIDENTIALITY AND BROKERAGE AGREEMENT ("Agreement") is made and agreed to by you ("Prospective Buyer") for the benefit of THE KIRKLAND COMPANY ("Broker"), with respect to certain real property ("Uptown Lofts") located in Lafayette, Louisiana.
BACKGROUND:
1 The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective buyer may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Owner and therefore are subject to variation.
NOW THEREFORE, the parties agree, in consideration of the covenants and agreements contained herein, as follows:
By submitting this form, you have acknowledged, read, and agreed to this above Confidentiality and Brokerage Agreement.
THIS CONFIDENTIALITY AND BROKERAGE AGREEMENT ("Agreement") is made and agreed to by and between THE KIRKLAND COMPANY ("Broker"), and "Prospective Buyer" with respect to the sale of certain real property located in Lafayette, Louisiana and known as Uptown Lofts (“Property”).
NOW THEREFORE, the parties agree, in consideration of the covenants and agreements contained herein, as follows: