The deal to sale the previous Vitality Plaza constructing to the Lafayette Parish Faculty System has been finalized at a sale worth of $4.59 million, information present.
Faculty officers purchased the four-story, 78,000-square-foot constructing at 202 Rue Iberville from Talos Petroleum, in line with the Lafayette Parish Clerk of Court docket, virtually $1 million beneath the constructing’s appraised worth following its transfer to consolidate workplace area and depart the Chaplin Drive location.
The Lafayette Parish Faculty System is advancing plans to consolidate its workplace area after the varsity board on Thursday accredited the sale of …
The sale worth was lowered partly as a result of the constructing requires $68,000 in exterior repairs and a roof substitute estimated at $350,000, each of which will likely be lined from the roofing contingency merchandise within the capital enhancements fund, assembly paperwork stated.
Faculty officers can even overhaul the brand new workplace area, which incorporates fundamental renovations, establishing and retrofitting a brand new board room, and relocation, expertise and furnishings, fixtures and gear prices.
The full value to total the brand new constructing sits at $3.58 million, in line with board paperwork.
In 2015, the constructing went via main renovations, in line with the itemizing, together with the widespread foyer, hallways, ADA compliant restrooms and new elevator cabs.
Workers Author Katie Gagliano contributed to this report.