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

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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


Photograph of Listing Agent

Robert L Hand

Louisiana Commercial Realty, LLC Metairie, LA 70002
LACDB Member
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