Receive a cash positive income on this property from your first day of ownership! This great investment opportunity consists of a multi-family housing complex centrally located in Lafayette in a great location near the University. This 0.16-acre tract, corner lot property offers a unique environment consisting of six rental units within three structures for total combined 3,674 square feet living area. The complex is 100% occupied with signed leases and a $3,000 monthly rental income. The property features a 2-story apartment building at 421 Harding Street that contains 4 — 1 bedroom apartments. Each unit contains living room, kitchen, 1 bedroom and 1 bath comprising 534 square feet of living area. Part of the property is a 1,600 square foot house at 901 University that has 4 bedrooms, 1 bath, living room and kitchen. Directly behind this 4-bedroom house, is a studio efficiency apartment consisting of a kitchenette/living room/bedroom area, 1 bath and closet. It is accessed by University Avenue and is in immediate proximity to the University of Louisiana at Lafayette and across the street from the Lafayette Police department. The property is in close proximity to public transportation, a wash-a-teria, Lafayette’s Oil Center, hospital and medical services. It is in a well established neighborhood consisting of “multi-family” and “single family” housing of similar style.
Price Upon Req.Size Upon Req.
***BIDDER DEPOSITS MUST BE PLACED ONLY BY WIRE TRANSFER OR CASHIERS CHECK. CREDIT CARDS WILL NOT BE ACCEPTED.BANK OWNED PROPERTYAuction.com and HotelBrokerOne are pleased to offer for sale the Baymont Inn, a 118-key Baymont Inn located in Shreveport, LA. It was constructed in 1966 and features a two-story interior corridor configuration. The subject is located just south of I-20 off of the Monkhouse Road exit in an area primarily comprised of retail and hospitality product. Monkhouse Road receives traffic counts of 14,839 VPD, while I-20 receives 50K-60K VPD. Access and visibility are considered good. Shreveport Regional Airport is located just south of the subject, with Monkhouse Road being the main access point. Shreveport is located in northwestern Louisiana and is the third largest city in the state. It is located south of the intersection of Texas, Arkansas, and Louisiana. The local economy has transitioned to a service economy with rapid growth in the gaming industry. Local casinos drive much of the town's tourism with there being five available in the Shreveport - Bossier City area.
The subject investment includes a total of 121, 276 square feet of leasable ground floor space within one building, situated on nearly 13.5 contiguous acres. Lake Charles Power Centre is the area's preeminent multi-tenant retail trophy investment property located in a densely populated, dynamic community. The property's tenant roster offers an attractive mix of major national retailers which account for over 83% of the occupancy. They are complimented by strong regional & local tenants with a long operating history. The in-place average rent of $10 per square foot is below market, and most leases contain rental increases thereby affording a buyer a strong inflation hedge and positive net income growth structure over the course of ownership. Current occupancy at Lake Charles Power Centre is 89% offering a stabilized investment while at the same time affording the ability to add value through continued lease up. It is home to a diverse group of tenants including: Old Navy, Michael's, Hancock Fabrics, Dress Barn, Sprint, and the recent addition of Forever 21. The property is situated within the major retail trade area of Lake Charles, immediately off of I-210.
Mattress Firm, Inc. is a publicly traded company after an IPO which occurred November 18, 2011. The firm was founded in 1986 in Houston, TX and has grown to become one of the largest and fastest growing retailers in the nation. From its humble beginnings when three friends pooled their meager resources to purchase a downtrodden spot in a Houston strip center mall, The Mattress Firm has blossomed into a leading US bedding retailer. Strong vendor relationships and product development capabilities enable the firm to offer customers many products with exclusive features that are available only in Mattress Firm market. For the fiscal year ending in 2014, the company had an annual revenue of approximately $1.8 billion.
The subject property is a 31,913-square foot multi-tenant retail center in New Orleans, Louisiana. The center is 92 percent occupied, and all leases are triple-net. Anchored by Planet Fitness, other tenants consist of LA Nail & Spa, Sports Zone, Young Fashions, Cell One Store and Pizza Hut. Originally built in 1980, the property was completely redeveloped in 2014 inside and out, including new roof and parking lot. The center is situated on 2.35 acres.
The subject property is a 30,000-square foot single tenant building leased to Ayers Institute, Inc., d/b/a Ayers Career College in Shreveport, Louisiana. The tenant recently executed a 10.5 year lease extension. The absolute net lease has scheduled annual rent increases with no options for renewal.
Leased to Family Dollar Stores, Inc. for 15 years with an expiration of September 30th, 2030 at an annual net rent of $92,757. There are six five-year options. The rent increases by 10% throughout after year 10 of the initial term and at the beginning of every 5, year option period. The lease is net, with the tenant responsible for taxes, insurance, and all maintenance, including roof and structure. The property is located just off of the southwest corner of 1st Avenue (Louisiana Highway 383) and South 10th Street. The property has access from both streets. 1st Avenue is a major thoroughfare running through Kinder with a traffic count of roughly 5,000 AADT.
Move in restaurant move in ready. FF&E remain.
1.5 stories, 8 offices, conference room, breakroom, convenient parking. Access to light at La Rue France