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

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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


Photograph of Listing Agent

Jonathan Walker

Maestri-Murrell Inc Baton Rouge, LA 70809-2437
LACDB Member
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