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Country Club Plaza - Slidell, LA 803-865 Brownswitch Rd 64,686 SF 100% Leased Retail Building Slidell, LA 70458 $4,620,000 ($71.42/SF) 9.04% Cap Rate
INVESTMENT HIGHLIGHTS
- Competitively Priced: Offered at 9.04% CAP Rate.
- Value Add - Lease Up: By Leasing 15% of the Vacant Units, the CAP Rate Can Be Raised to Over 11.5%, Improving Yield and Exit Value
- Strong Tenancy: Club4 Fitness is on a Long-Term Lease Through January 2030
- Attractive Assumable Debt: 6% Interest Rate Until 12/31/2027, Offering an 11.6% Cash on Cash Return at the List Price.
- Value Add - Lease Up: By Leasing 15% of the Vacant Units, the CAP Rate Can Be Raised to Over 11.5%, Improving Yield and Exit Value;
- Strategic Location in Louisiana's Fastest Growing Parish: Slidell is Situated at the Convergence of 3 Major Interstates, a $100M Medical System
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 64,686 SF Country Club Plaza Located at 803-865 Brownswitch Road in Slidell, LA. This Deal Includes an Attractive Assumable Debt of 6% Interest Rate Until 12/31/2027, Offering an 11.6% Cash on Cash Return at the List Price and a 16.9% Cash on Cash Return in Year 5.
In Cooperation With Sands Investment Group, Louisiana, LLC - Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman - Lic. LA #BROK.0995700567-ACT
In Cooperation With Sands Investment Group, Louisiana, LLC - Lic. #BROK.0995702111-CORP BoR: Andrew Ackerman - Lic. LA #BROK.0995700567-ACT
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
64,686 SF
Building Class
C
Year Built
1982
Price
$4,620,000
Price Per SF
$71.42
Cap Rate
9.04%
NOI
$417,870
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.22
Lot Size
6.89 AC
Zoning
C - Commercial
Parking
334 Spaces (5.16 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 83298 | Improvements Assessment | $424,699 |
| Land Assessment | $0 | Total Assessment | $424,699 |
PROPERTY TAXES
Parcel Number
83298
Land Assessment
$0
Improvements Assessment
$424,699
Total Assessment
$424,699
CONTACTS
-
Ethan Offenbecher -
Baker Baine -
Zuhare Rizvon -
Sands Investment Group Austin, LLC
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Country Club Plaza - Slidell, LA | 803-865 Brownswitch Rd
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