$4,620,000 USD
737-205-2056
803-865 Brownswitch Rd
Slidell, LA 70458
Outlying St Tammany Parish
HIGHLIGHTS
- Competitively Priced: Offered at 9.04% CAP Rate.
- 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
- 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
- Strategic Location in Louisiana's Fastest Growing Parish: Slidell is Situated at the Convergence of 3 Major Interstates, a $100M Medical System
OVERVIEW
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
FOR SALE DETAILS
PRICE
$4,620,000 USD
PRICE/SF
$71 USD /SF
CAP RATE
9.04%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Country Club Plaza - Slidell, LA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1982
SPRINKLERS
-
PARKING SPACES
334
LAND DETAILS
CROSS STREETS
SEC Robert Rd & Brownswitch Rd
LAND ACRES
6.89 AC
LAND SF
300,128 SF
ZONING
C
APN/PARCEL ID
83298
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737-205-2056
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737-205-2056
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