Lafayette Marketplace

Investment Highlights

  • Grocery Anchored Retail Center
  • Upgraded Parking Field
  • Minimal Near Term Lease Rollover
  • Scheduled Rent Increases
  • Value Add Opportunity
  • Priced Below Replacement Cost
  • Potential Lease up of 13% Vacancy
  • Includes 2 Single Tenant Buildings
  • Located on Main Retail Corridor
  • New Roof 2017 (Under Warranty)
  • Hard Corner Location
  • Strong Traffic Counts: 55,000 Cars/Day
  • 128,000+ People within (5 Miles)\
  • Average HH Income: $72,442

Offering Summary

  • Price: $5,800,000
  • Cap Rate: 8.01%
  • NOI: $1,715,143
  • Cost Per Square Foot: 7.74%
  • Occupancy: 87%
  • GLA: 85,414 Square Feet
  • Site Area: 12.065 Acres

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Interested in this property? Call us at 317-844-0700 or email us.