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.
Price Upon Req.16,613 SF
Auction.com is pleased to present the opportunity to acquire Greyfern I & II ("Greyfern"), an 80% occupied office/medical building located at 200 Greenleaves Blvd in Mandeville, LA. The subject property consists of "Class A" office/medical space in two buildings with a total gross building area of 18,191 SF and net rentable area of 16,613 SF. Constructed in 1985, the property is situated on 1.68 acres and features 13 suites on the First Floor and one 595 SF suite on the Second Floor. The property is ideally situated in the Northshore area, just north of New Orleans and east of Baton Rouge, and is in close proximity to highway I-10. This is a great opportunity to obtain an office investment property with the potential to increase the rents over time and maximize investor's cash flow.
Price Upon Req.80,000 SF
Property tours are available by appointment ONLY. Please contact Cheri Mascitelli at 305-537-9318 to schedule.Auction.com and NAI Latter Blum present the opportunity to acquire the Happywood Flex Building, a 80,000 SF, Class A, office warehouse building, built in 2008. The warehouse consists of 50,000 square feet and the office consists of 30,000 square feet. It is along the east side of Happywoods Road on a 214,899 square foot (4.915 acre) parcel of land in Hammond, Louisiana. The property is irregularly-shaped, with 40' of frontage along the east side of Happywoods Road. 42548 Happywoods provides a unique opportunity for end users by offering a plug and play facility that offers a state-of-the-art facility, more than ample parking, docks, and storage for a company's needs. The asset also offers a unique opportunity for Developers and Preferred Landlords by providing an opportunity to present to their clients/tenants a facility that has been custom fitted for a Fortune 500 company in a prime location for below what it would costs in time and money to build a facility from the ground up.
Price Upon Req.Size Upon Req.
Property tours are available by appointment. Please contact the listing broker to schedule a tour. Auction.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. The Property sits on approximately 6 acres of land on 3 separate parcels. One parcel is vacant land of approximately one acre, with an estimate value of $6.00 per square foot or $250,000. 64 Rooms were Fully Renovated with New Paint, Case Goods, Lamp package, TOP Bedding covers, Pictures in 2012/2013. All TV's are New 32 inch Flat Panel TV replaced in 2013. The property improvements are expected to be approximately $500,000 in order to bring the remaining rooms a the same standard and complete the PIP. Once improved the Property is expected to perform better that the comp set in occupancy and A.D.R.
Price Upon Req.143,916 SF
DOWNLOAD AND SIGN CA TO GET ADDITIONAL INFO Opportunity to acquire a full service conference center that was formerly built as a Holiday Inn property. It was converted to Ramada in 2013. Current ownership have stabilized the hotel by bringing all 243 rooms to production and new operators have a huge upside as property lags behind direct competition set. Ramada Lafayette Conference Center is an open Atrium floor plan with 243 guestroom hotel that sits at the crossroad of I-10 and I-49 in Lafayette, LA. The conference center host up to 700 guests in 14,000 square feet of flexible banquet and event space with on-site catering - perfect for weddings, conferences and retreats!
Marcus & Millichap is pleased to present the newly constructed Walmart Neighborhood Market in Monroe, Louisiana. Built in 2015 and situated on 5.30 acres of land, Walmart is comprised of 43,660 square feet of retail space which includes a drive-thru pharmacy, and a six-pump fuel station on an outparcel to the property. Walmart has an established loyal customer base, which will be served by this new location.
Marcus & Millichap is pleased to present this newly constructed Walmart Neighborhood Market in Monroe, Louisiana. Built in 2015 and situated on 3.91 acres of land, Walmart is comprised of 43,157 square feet of retails pace which includes a drive-thru pharmacy, and a six-pump fuel station on an outparcel to the property. Walmart has an established loyal customer base which will be served by this new location.
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.
Transwestern' s Healthcare Advisory Services Group is pleased to offer for sale on an exclusive basis, the single-tenant net leased DaVita Dialysis Facility located in Harvey, Louisiana, a local suburb of New Orleans. Constructed in 2007 on a Build-to-suit basis for the tenant, the property is leased on a absolute net basis to Renal Treatment Centers Southeast, LP, one of DaVita's largest subsidiaries. With the absolute net structure, the tenant is directly responsible for the payment of taxes, insurance, utilities, and maintenance of the all portions of the premises.
Price Upon Req.Size Upon Req.
St. Bernard Road Home AUCTION 150± Properties Saturday, December 5th, 10:00 a.m. Auction Location: St. Bernard Civic Center, Grand Ballroom, 8245 W. Judge Perez, Chalmette, LA 70043 Properties Located in: Arabi, Chalmette, Meraux, St. Bernard, Violet & Yscloskey Registration from 8:00 a.m. - 10:00 a.m. the day of the auction Visit our website for Pre-registration, Property List, Auction Information, Maps and Terms & Conditions