Multi-Tenant Shopping Center-Great location!

Shopping Center for Sale
Catylist Listing ID: 30851470
Property Subtypes: Mixed Use, Strip Center
Building Size (RSF): 13,608 SF
Sale Price: $1,260,000
Unit Price: $92.59 PSF
Ceiling: 10 ft.
Property Use Type: Business
Usable Size (USF): 13,608 SF
Sale Terms: Cash to Seller
Last Updated: 3/20/2024

Overview / Comments

Motivated seller is offering this well-maintained shopping center with great access and visibility. Long-term tenants are Anytime Fitness, Aquatic Fish and Pets, and The Dance Station. 60 parking spaces. Excellent location for a long-term investment. 1031 Exchanges can close quickly!

Please do not disturb tenants and direct all inquiries to Shontel Gremillion 504-415-0801.

Financials

Finance Data Year 2023
Real Estate Taxes - Annual($) $11,000 (Annual)
Gross Operating Income $117,600 (Annual)

Current Tenants

Tenant Business Name Anytime Fitness
Is Renting? Yes
Annual Revenue $80,400 (Annual)
SF of Space Occupied 9,072 SF
Current Rent $6,700 PSF (Annual)
Tenant Notes 6 units occupied
Tenant Business Name Aquatic Fish and Pets
Is Renting? Yes
Annual Revenue $19,200 (Annual)
Current Rent $1,600 PSF (Annual)
Tenant Business Name The Dance Station
Is Renting? Yes
Annual Revenue $18,000 (Annual)
Current Rent $1,500 PSF (Annual)

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Bernard
Submarket/Township: St Bernard Parish
Taxing Authority: St. Bernard Parish and municipal/city
Tax ID/APN: 489900000095
Retail Clientele: Business
Property Visibility: Excellent
Largest Nearby Street: East Judge Perez and Judy
Feet of Frontage: 230
Area Description: Mixed commercial/retail
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Steel Frame
Exterior Description: Stucco, glass
Parking Type: Surface
Parking Description: 60 parking spaces
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Interior Description: Vanilla box with modifications
Lot Frontage: 230
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT BD-1-B CORINNE MYRTLE GROVE PLANT. BEING COMPOSED OF ORIG. LOT B-D, BEING A PTN. OF LOTS M & C OF LOTS 25 & 26, CORINNE MYRTLE GROVE PLANT. LOT BD-1-B MEAS. 119.95' JUDGE PEREZ X DEPTH 190.82' X 230.67' WIDTH IN REAR X 144.23' ON JUDY DR. X OPP. DEPTH OF 120' THENCE 92.85' TO JUDGE PEREZ.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,090 28,502 69,790
Median Age: 32.21 33.04 35.1
Households: 1,425 10,319 26,065

Contact

Photograph of Listing Agent

CJ Johnson

Black Label Holdings Real Estate Denham Springs, LA 70726
LACDB Member
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