Value-Add Retail Property with In Place Cash Flow

Shopping Center for Sale
Sale Pending
Catylist Listing ID: 30119123
Property Subtypes: Mixed Use, Strip Center, Other
Status: Pending
Building Size (RSF): 92,153 SF
Gross Building Area: See Agent
Gross Land Area: 11.21 - 15.95 Acres
Sale Price: $2,899,999
Unit Price: $31.47 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: Grand Marche Shopping Center
Sale Terms: Cash to Seller
Up For Auction: Yes
Auction Type: Undisclosed Reserve
Cap Rate: Undisclosed
Last Updated: 12/11/2018

Overview / Comments

Grand Marché is a multi-use center located at the corner of Johnston Street and Camellia Boulevard, a major retail corridor in Lafayette
• This prime location consists of:
11.21 fee simple acres with a large multitenant building and a 90,000 SF concrete expansion pad
A freestanding multi-tenant building on 1.361 acres with a ground lease expiring in 2029
A 3.38 acre paved parking field with a ground lease expiring in 2029
• Lafayette is the dominant retail destination for the Acadiana area that includes the following six parishes: Lafayette, St. Landry, Acadia, St. Martin, Vermilion and Iberia

November 5th Auction:

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: G2
Retail Clientele: General, Family, Business, Tourist, Other
Property Located Between: Johnston Street and Camellia Boulevard
Property Visibility: Excellent
Property Condition: Good
Year Built: 1974
Year Renovated: 2004
Parking Type: Surface
Total Parking Spaces: 492

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,952 85,681 152,309
Median Age: 34.66 34.25 34.37
Households: 6,016 35,838 61,196
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.