Iberia Plaza

Shopping Center for Sale
Sale Pending
Catylist Listing ID: 30180462
Property Subtypes: Grocery-Anchored
Status: Pending
Building Size (RSF): 131,630 SF
Gross Building Area: See Agent
Gross Land Area: 11.89 Acres
Sale Price: $10,058,000
Unit Price: $76.41 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/15/2018

Overview / Comments

Maestri-Murrell, Inc and EDGE Capital Markets are pleased to present the opportunity to acquire Iberia Plaza (“Property”), a 131,630 square foot grocery-anchored shopping center in New Iberia located at the dominant retail intersection of South Lewis Street and Admiral Doyle Drive.
Super 1 Foods is the leading grocer in New Iberia and has great sales. Iberia Plaza is 99% leased with a robust collection ofestablished regional and national tenants, all with strong historical occupancies. Iberia Plaza is an exceptional investment opportunity to acquire a well-positioned grocery-anchored shopping center with a secure income stream located within New Iberia, one of the strongest performing economies in the State of Louisiana. Contact Agent for a Confidentiality Agreement and Offering Memorandum.

Additional Details

Nearest MSA: Lafayette
County: Iberia

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,049 36,208 47,170
Median Age: 34.45 35.92 35.65
Households: 2,800 13,755 17,418

Contact

Photograph of Listing Agent

Jonathan Walker

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