Grand Marche Shopping Center for Sale

Shopping Center for Sale
Catylist Listing ID: 30119123
Property Subtypes: Mixed Use, Strip Center, Other
Building Size (RSF): 92,153 SF
Gross Building Area: See Agent
Gross Land Area: 11.21 - 15.95 Acres
Sale Price: $4,400,000
Unit Price: $47.75 PSF
Property Use Type: Investment, Business
Building Name: Grand Marche Shopping Center
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/8/2017

Overview / Comments

Grand Marche is a multi-use center located at the corner of Johnston Street and Camellia Boulevard, a major retail corridor in Lafayette. This prime location consists of:

- 11.21 fee simple acres with a large multi-tenant building and a 90,000 SF concrete expansion pad

- A freestanding multi-tenant building on 1.361 acres with a ground lease expiring in 2029

-A 3.38 acre paved parking field with a ground lease expiring in 2029

 
Lafayette is the dominant retail destination for the Acadiana area that includes the following six parishes: Lafayette, St. Landry, Acadia, St. Martin, Vermilion and Iberia.

Attachments & Media

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: G2
Zoning: COMMERCIAL HEAVY
Retail Clientele: General, Family, Business, Tourist, Other
Property Located Between: Johnston Street and Camellia Boulevard
Property Visibility: Excellent
Property Condition: Good
Parking Type: Surface
Total Parking Spaces: 492

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,952 85,681 152,309
Median Age: 34.66 34.25 34.37
Households: 6,016 35,838 61,196
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