Panfili Building 970 Dewing Ave

The Panfili Building was developed in 1982 by Sonny and Diane Panfili. The Panfili family is of local fame as the family who ran the Crab Shack and the Lafayette Seafood Grotto both of which were highly revered Lafayette restaurant institutions. The Panfili Building has been held in the same family since it was developed so this is the first time there has ever been an opportunity to acquire this coveted asset. Situated in the heart of Lafayette’s downtown retail district the Panfili Building is occupied by five (5) medical tenants and one (1) professional office tenant. The building also has two (2) residential apartment units. The building has a long-standing history of stable occupancy as tenant turnover has been a rare occurrence. The Panfili Building is considered Lafayette’s premier medical office building (“MOB”) due to its architecture, size, parking, location and quality of tenants. The residential units are also in high demand for the lucky few that can call this ideal location home. The medical/professional tenants are all on NNN leases and have well-established practices. This a rare opportunity for an investor seeking a reliable stabilized MOB/Multi-Family asset in the highly desired town of Lafayette that will provide consistent cash flow with the potential for future income growth.