13700 Marignane 27,448 SF 51% Leased Retail Building $3,733,737 ($136.03/SF) 7.32% Cap Rate

Commercial building for sale with a surface area of 2,550 m² situated on a 5,800 m² plot, located in a shopping area that includes a LIDL, an IBIS hotel, restaurants, and a craft zone. The property offers the possibility of additional construction of 400 m² on the first floor and 200 m² in a mezzanine in the space currently occupied by a tenant. It is occupied by several tenants, including a 1,000 m² barter space, a painting company on 550 m², a dance school on 270 m², a salad bar-type restaurant on 180 m², a beverage wholesaler on 250 m², and a company occupying the upper floor on 250 m². Rents are scheduled to increase over the coming years, with an estimated gross yield of 7.81% in 2025, 8.57% in 2026, and 9.3% in 2027. Property taxes and charges are passed on to the tenants. The site has a very large parking area and potential for installing solar panels on 2,500 m² as well as charging stations for electric vehicles. The property has been owned for 30 years by a real estate company whose entire shares can be transferred (with reduced transfer fees), or it can be sold outright.