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Former Lafayette Physical Rehabilitation 307 Polly Ln 26,423 SF Healthcare Building Online Auction Sale Lafayette, LA 70508
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Investment Highlights
- Excellent Owner/User or Value-Add Investor Play - Former physical rehabilitation facility with favorable CM-1 zoning.
- Less than 3 miles from Our Lady of Lourdes Regional Medical Center - 396K SF | 1200 Employees | 400 physicians | $211M Construction.
- 307 Polly Lane is located in a Core Medical Market with numerous medical office buildings in immediate proximity.
- Great Demos - 144,000 people with a median household income of $68,000 within a 5-mile radius of Asset.
Executive Summary
Colliers is pleased to present for sale the 100% fee simple interest in Former Lafayette Physical Rehabilitation (the “Property” or “Asset”) located at 307 Polly Ln, Lafayette, LA 70508. Currently zoned Commercial Mixed (CM-1), the former 26,423 SF (NRA) rehab facility features 24 rooms and 32 beds, 150 surface parking spaces, and 4.53 acres of land lends itself well to an owner/user or redevelopment play.
The Property features an excellent location in a dense medical office market. The Asset is located adjacent to Our Lady of Lourdes Heart Hospital and is in close proximity to Lafayette Surgical Specialty Hospital, Lafayette Allergies, Lafayette Dermatology, Powell Dermatology, Louisiana Orthopaedic Specialists, Acadiana Oral & Facial Surgery, Ste Marie Orthodontics, Acadiana Vascular Clinic: Vein Center of Louisiana, Cardiology Specialists of Acadiana, SOLA Dental, Louisiana Cardiovascular Associates, Leoni Eye Clinic, Puissegur Family Dentistry, Baronne Foot Center, Cypress Bend Oral & Maxillofacial Surgery, Cardinal Health, Southern Urology, LeBlanc General & Cosmetic Dentistry, Lourdes Urgent Care, Theriot Family Dental Care, Laborde Diagnostics, and Occupational & Family Medicine. Additionally, the Asset is also located across the street from The Blake at Lafayette and Acadian Physical Therapy Services. Furthermore, the Property is also near Vital Care Hospice and Rosewood Assisted Living. Therefore, there are substantial opportunities for a synergistic relationship between the subject property and nearby medical tenants.
The Asset is also located less than 3 miles from Our Lady of Lourdes Regional Medical Center. The 396K square foot building sitting on 45 acres represents the city’s largest construction project. At $211M, the construction project focused on modernizing healthcare and improving the technology available to doctors and patients. Today, the medical center employs 1200 people including 400 active physicians, houses 8 operating theaters, 18 emergency care rooms, 10 flex rooms, 24 intensive care rooms, and a “surgical hybrid suite.”
The Property features strong demographics, home to nearly 144K people with a median household income of nearly $68K within a 5-mile radius of the Asset. Furthermore, within a 5-mile radius of Property, there are over 11K businesses employing over 125K personnel. The strong job market is demonstrated by the low unemployment rate of just 4.3%.
Therefore, the Property offers a potential investor or owner/user an excellent opportunity to acquire a well-maintained facility in a core medical market with upside potential.
Chris Abadie - License # BROK.995715635-ACT
The Property features an excellent location in a dense medical office market. The Asset is located adjacent to Our Lady of Lourdes Heart Hospital and is in close proximity to Lafayette Surgical Specialty Hospital, Lafayette Allergies, Lafayette Dermatology, Powell Dermatology, Louisiana Orthopaedic Specialists, Acadiana Oral & Facial Surgery, Ste Marie Orthodontics, Acadiana Vascular Clinic: Vein Center of Louisiana, Cardiology Specialists of Acadiana, SOLA Dental, Louisiana Cardiovascular Associates, Leoni Eye Clinic, Puissegur Family Dentistry, Baronne Foot Center, Cypress Bend Oral & Maxillofacial Surgery, Cardinal Health, Southern Urology, LeBlanc General & Cosmetic Dentistry, Lourdes Urgent Care, Theriot Family Dental Care, Laborde Diagnostics, and Occupational & Family Medicine. Additionally, the Asset is also located across the street from The Blake at Lafayette and Acadian Physical Therapy Services. Furthermore, the Property is also near Vital Care Hospice and Rosewood Assisted Living. Therefore, there are substantial opportunities for a synergistic relationship between the subject property and nearby medical tenants.
The Asset is also located less than 3 miles from Our Lady of Lourdes Regional Medical Center. The 396K square foot building sitting on 45 acres represents the city’s largest construction project. At $211M, the construction project focused on modernizing healthcare and improving the technology available to doctors and patients. Today, the medical center employs 1200 people including 400 active physicians, houses 8 operating theaters, 18 emergency care rooms, 10 flex rooms, 24 intensive care rooms, and a “surgical hybrid suite.”
The Property features strong demographics, home to nearly 144K people with a median household income of nearly $68K within a 5-mile radius of the Asset. Furthermore, within a 5-mile radius of Property, there are over 11K businesses employing over 125K personnel. The strong job market is demonstrated by the low unemployment rate of just 4.3%.
Therefore, the Property offers a potential investor or owner/user an excellent opportunity to acquire a well-maintained facility in a core medical market with upside potential.
Chris Abadie - License # BROK.995715635-ACT
Offering Memorandum Click Here to Access
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- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Miscellaneous
Property Facts
| Sale Type | Investment | Building Size | 26,423 SF |
| Sale Condition | Auction Sale | No. Beds | 32 |
| Type of Ownership | Fee Simple | No. Stories | 1 |
| Property Type | Health Care | Year Built | 2006 |
| Property Subtype | Rehabilitation Center | Parking Ratio | 5.68/1,000 SF |
| Building Class | C | Parcel Number | 6122206 |
| Lot Size | 4.53 AC | ||
| Zoning | CM-1 | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Health Care |
| Property Subtype | Rehabilitation Center |
| Building Class | C |
| Lot Size | 4.53 AC |
| Building Size | 26,423 SF |
| No. Beds | 32 |
| No. Stories | 1 |
| Year Built | 2006 |
| Parking Ratio | 5.68/1,000 SF |
| Zoning | CM-1 |
| Parcel Number | 6122206 |
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Sale Advisors
Sale Advisors
Matt Terrace, Senior Vice President- Investments
For close to a decade Matt has completely immersed himself in many different aspects of commercial real estate, from retail to development to construction to acquisitions and dispositions, but specializes in Commercial Investment Dispositions and Acquisitions. Matt was exposed to the industry at a young age as it is a family passion handed down through generations. Matt has served both private and institutional clients such as Garrison Investment Group, True North Investments, LNR Partners, Integris Ventures and Alidade Capital. He has also worked with a number of national Tenants in the market including Pet Supplies Plus, Czarnowski and Nuance Communications. Matt’s successful approach stems from the ideology of fully comprehending his client’s needs and consistently putting them first.
Barry Swatsenbarg, Executive Vice President
In 2015, Barry joined Colliers International to expand the Colliers Detroit office reach with his investment sales expertise. He is consistently in the top 200 nationally for Colliers. Barry has been an active investment sales agent for over 24 years, transacted on over 500 deals; 15,000 apartment units and more than 30M SF of commercial assets. Barry has been awarded Everest Club at Colliers for the last several years. (The Everest Club recognizes the top 10% of producers and is Colliers highest award.)
Through his activity with the valuation and disposition of value-add and stabilized, income producing properties, he has successfully worked through periods of economic growth and contraction. He has an extensive history of producing sale results with outside of the box solutions to maximize value.
Over the years, Barry has transacted on hundreds of complicated dispositions, that included receivership, lender debt, REO and stabilized assets. He operates exclusively as a sell-side broker, with transactions spreading across all major investment commercial real estate property types. He has navigated through multitudes of unique and complex scenarios.
Barry is regarded as a highly trusted and well-connected industry expert. He is called upon by financial institutions, private clients and peers alike, for his candid market insight and ability to create effective asset management plans for disposition to aid clients with their ongoing business planning. The results maximize value; regardless of the quality of the asset.
Through his activity with the valuation and disposition of value-add and stabilized, income producing properties, he has successfully worked through periods of economic growth and contraction. He has an extensive history of producing sale results with outside of the box solutions to maximize value.
Over the years, Barry has transacted on hundreds of complicated dispositions, that included receivership, lender debt, REO and stabilized assets. He operates exclusively as a sell-side broker, with transactions spreading across all major investment commercial real estate property types. He has navigated through multitudes of unique and complex scenarios.
Barry is regarded as a highly trusted and well-connected industry expert. He is called upon by financial institutions, private clients and peers alike, for his candid market insight and ability to create effective asset management plans for disposition to aid clients with their ongoing business planning. The results maximize value; regardless of the quality of the asset.
Bradley Carver, Senior Vice President
Bradley joined Colliers in June 2025 and brings over a decade of leadership experience in the commercial real estate (CRE) auction space. Prior to Colliers, he served as Managing Director at Ten-X, one of the largest online marketplaces for CRE transactions, where he was instrumental in executing over $2 billion in CRE and note sales.
At Colliers, Bradley leverages his extensive industry experience, strong professional network, and hands-on knowledge of property marketing and disposition, particularly with opportunistic and income-producing assets. Known for his service-oriented mindset, proven track record, and deep passion for the auction space, he delivers strategic, high-impact marketing solutions designed to maximize asset exposure.
At Colliers, Bradley leverages his extensive industry experience, strong professional network, and hands-on knowledge of property marketing and disposition, particularly with opportunistic and income-producing assets. Known for his service-oriented mindset, proven track record, and deep passion for the auction space, he delivers strategic, high-impact marketing solutions designed to maximize asset exposure.
About the Auction Technology
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Auction Contact
Jameson Kuykendall
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr BROK.0995692305-CORP Irvine, CA; Auction Firm LA AB-446
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Former Lafayette Physical Rehabilitation | 307 Polly Ln
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Former Lafayette Physical Rehabilitation | 307 Polly Ln
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