13700 Marignane 27,448 SF 100% Leased Retail Building $3,368,478 ($122.72/SF) 7.81% Cap Rate

Commercial building for sale with a surface area of 2,550 m², located on a 5,800 m² plot 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 two levels (R+1) as well as 200 m² of mezzanine space in the area currently occupied by a tenant. It is leased to several tenants, including a 1,000 m² barter space, a painting company occupying 550 m², a dance school on 270 m², a salad bar-style restaurant on 180 m², a beverage wholesaler on 250 m², and a business occupying the upper floor with 250 m². Rental income is set to increase over the coming years, with a projected gross yield of 7.81% in 2025, 8.57% in 2026, and 9.3% in 2027. Property taxes and other charges are passed on to the tenants. The site features a very large parking area and potential for installing solar panels on 2,500 m² as well as electric vehicle charging stations. The property has been owned for 30 years by an SCI (real estate investment company), and the entirety of its shares can be transferred (with reduced transfer fees), or it can be sold outright.