Slidell Shopping Center For Sale

Shopping Center for Sale
Catylist Listing ID: 30749362
Property Subtypes: Neighborhood Center
Building Size (RSF): 27,550 SF
Gross Building Area: See Agent
Sale Price: $2,605,000
Unit Price: $94.56 PSF
Ceiling: 15 ft.
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/1/2021

Overview / Comments

This neighborhood center is 100% occupied. Rents are below market so there is significant upside potential. The two roofs were replaced in 2016 and are under warranty. The center is on a very large lot and the city has approved an additional out parcel building.

The property is on a high trafficked signalized corner across from a neighborhood Walmart.

Financials

Finance Data Year 2021
Net Operating Income $182,000 (Annual)
Gross Operating Income $266,000 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: New Orleans-Metairie
County: Saint Tammany
Retail Clientele: Family
Property Located Between: Robert Blvd corner of Audubon
Property Visibility: Excellent
Feet of Frontage: 300
Traffic/Vehicle Count: 16,800
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 1985
Year Renovated: 2016
Roof Type: Flat
Parking Type: Surface
Total Parking Spaces: 136
Sprinklers: Wet
Zoning Description: Commercial
Lot Frontage: 300
Lot Depth: 300

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,899 44,565 76,171
Median Age: 40.96 38.23 37.54
Households: 3,611 16,186 27,741

Contact

Photograph of Listing Agent

Michael Pou

Talbot Realty Group
New Orleans, LA
LACDB Member
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