Airline Plaza Shopping Center For Sale

Shopping Center for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30323915
Property Subtypes: Community Center, Fashion/Specialty, Free-Standing Store, Mixed Use, Neighborhood Center, Net Leased, Regional Mall, Strip Center, Other
Building Size (RSF): 25,417 SF
Gross Building Area: 25,593 SF
Gross Land Area: 3.57 Acres
Sale Price: $3,250,000
Unit Price: $127.87 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Airline Plaza Shopping Center
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Last Updated: 11/14/2018

Overview / Comments

Newly renovated Airline Plaza Shopping Center available for Sale on highly trafficked in-demand retail corridor of Airline Hwy. across from Walmart in Prairieville, LA. Located in booming Ascension Parish, the fastest growing parish in Louisiana.

Anchored by Anytime Fitness and Perque Flooring, this recently renovated shopping center has been up-fitted with a brand-new facade and landscaping and brand-new LED electronic pylon sign with ample visibility and parking. Stays leased at maximum capacity with stable service-oriented risk-averse Internet-proof renters and tenant mix with room to grow.

Upside potential is available by adding on a proposed warehouse/self-storage units in rear.

Additional Details

Nearest MSA: Baton Rouge
County: Ascension
Submarket/Township: 90
Tax ID/APN: 20007398
Zoning: MU (MIXED USE)
Number of Stories: 1
Property Condition: Excellent
Year Built: 2005
Lot Frontage: 204'
Lot Depth: 760'
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 35,257 96,297
Median Age: 34.63 35.85
Households: 12,887 36,038

Contact

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.