Catylist ID:
#30836567
Karam Shopping Center For Sale
Shopping Center
for Sale
Sale Pending
| Catylist Listing ID: | 30836567 |
| Property Subtypes: | Grocery-Anchored |
| Status: | Pending |
| 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: | 9/7/2023 |
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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