Karam Shopping Center For Sale
Shopping Center
for Sale
| Catylist Listing ID: |
30836567 |
| Property Subtypes: |
Grocery-Anchored
|
| Building Size (RSF): |
100,120 SF
|
| Gross Building Area: |
See Agent |
| Sale Price: |
$4,200,000 |
| Unit Price: |
$41.95 PSF |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/20/2023 |
Overview / Comments
Karam Shopping Center is a 100,000 square foot grocery-anchored center in
Lafayette, Louisiana that is currently 75% leased. Karam is anchored by Super 1
Foods, the area’s leading grocer, which has occupied the Property for over 20 years and has an impressive health ratio of 1%. Super One has committed to spending over $7MM on renovation their store, and it is currently under construction. The Landlord also has an LOI to lease 7,500 sq/ft to a credit tenant. Asking just over $4,000,000, which is a little under an 8% cap. Contact agent for Offering Memoradum.
|
Additional Details
| Nearest MSA: |
Lafayette |
| County: |
Lafayette |
| Submarket/Township: |
D |
| Tax ID/APN: |
6020237 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,127 |
67,906 |
125,571 |
| Median Age: |
33.03 |
32.92 |
34.32 |
| Households: |
4,197 |
27,106 |
50,755 |
|
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