Sherwood Pointe Shopping Center Baton Rouge

Shopping Center for Sale
Catylist Listing ID: 30212736
Property Subtypes: Strip Center
Building Size (RSF): 15,995 SF
Gross Land Area: 98,598 SF
Sale Price: $3,800,000
Unit Price: $237.57 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Sherwood Pointe Shopping Center
Usable Size (USF): 15,995 SF
Sale Terms: Cash to Seller
Average Occupancy Rate: 95
Last Updated: 4/11/2018

Overview / Comments

3 separate retail buildings located on South Sherwood Forest between I 12 and Coursey Blvd. All units leased (91% occupancy) with one exception vacancy 1437 sq ft .Pro Forma rent at 2,000/ month plus 614 CAM. Pro Forma NOI 212,499 yr1.

High traffic approx. 42,000 cpd.

15,995 sq ft buildings with 98,598 land

Information provided by owner and believed to be accurate bit is not guaranteed.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $28,384 (Annual)
Potential Rental Income $240,312 (Annual)
Net Operating Income $228,165 (Annual)
Actual or Proforma Year Proforma

Current Tenants

Tenant Business Name Wingstop
SF of Space Occupied 1,425 SF
Tenant Business Name Cindies
SF of Space Occupied 5,015 SF
Tenant Business Name Rickochets
SF of Space Occupied 5,073 SF
Tenant Business Name XCELL Comm Phone Store
SF of Space Occupied 1,620 SF
Tenant Business Name Signs In A Day
SF of Space Occupied 1,425 SF
Tenant Business Name Pro Forma Vacant
SF of Space Occupied 1,437 SF

Additional Details

Nearest MSA: Baton Rouge
County: East Baton Rouge
Submarket/Township: 43
Tax ID/APN: 1799673
Zoning: C-AB-2

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,857 95,892 215,800
Median Age: 33.25 36.66 35.75
Households: 7,717 40,837 88,457

Contact

Photograph of Listing Agent

Snappy Jacobs

Snappy Jacobs Real Estate Mngmnt LLC New Orleans, LA 70130-2606
LACDB Member
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