Kenner Fully Leased Retail 10% Cap Rate

Retail-Commercial for Sale
Catylist Listing ID: 30590752
Property Subtypes: Street Retail
Building Size (RSF): 13,350 SF
Gross Building Area: See Agent
Gross Land Area: 16,771 - 11,700 SF
Sale Price: $1,275,000
Unit Price: $95.51 PSF
Property Use Type: Investment
Usable Size (USF): 13,350 SF
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Average Occupancy Rate: 100
Last Updated: 9/25/2020

Overview / Comments

10% Cap. $166,000 gross revenues with $128,000 net.
See detail in attached comprehensive Marketing Presentation including APOD, ESRI demographics showing drive times, Consumer Expenditure Report and Marketplace Leakage.

Additional Details

Nearest MSA: New Orleans-Metairie
County: Jefferson
Tax ID/APN: 920000332
Zoning: C-1
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,361 94,171 213,935
Median Age: 39.78 39.61 40
Households: 3,868 36,404 86,183

Contact

Photograph of Listing Agent

Robert L Hand

Louisiana Commercial Realty, LLC Metairie, LA 70002
LACDB Member
© Copyright 2001-2020 Catylist. All Rights Reserved. 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.