CitiPlace Strip Center

Shopping Center for Sale
Catylist Listing ID: 30703953
Property Subtypes: Net Leased
Building Size (RSF): 20,750 SF
Gross Building Area: See Agent
Gross Land Area: 87,773 SF
Sale Price: $6,000,000
Unit Price: $289.16 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User
Building Name: CitiPlace
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2021

Overview / Comments

The CitiPlace Strip Center is the perfect retail-office strip with plenty of parking and located on one of Houma's busiest thoroughfares, Martin Luther King Blvd. It is occupied by national tenants such as Quest Diagnostics, SPRINT, Moe's Southwest Grill, and more. This strip center currently has 3 vacancies which would make this a value-add investment property for those looking to buy!

Along MLK Blvd. you will also find an abundance of big-box retailers, hotels, and restaurants including the popular sports restaurant and bar, WalkOn's, which was recently built directly across the street from the strip center.

The Houma market services all of Terrebonne Parish and is located approximately 60 miles southwest of New Orleans.

Additional Details

Nearest MSA: Houma-Thibodaux
County: Terrebonne
Tax ID/APN: R03-60562

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,210 40,994 68,284
Median Age: 35.66 36.21 35.45
Households: 2,622 15,879 25,522

Contact

Photograph of Listing Agent

Matt Eaton

RE/MAX Commercial Brokers Inc Metairie, LA 70002
LACDB Member
Photograph of Listing Agent

Martin O Miller

RE/MAX Commercial Brokers Inc Metairie, LA 70002
LACDB Member
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