$4,620,000 USD
737-205-2056
803-865 Brownswitch Rd
Slidell, LA 70458
Outlying St Tammany Parish
HIGHLIGHTS
- Offered at an 8.99% CAP Rate.
- 6% interest rate until 12/31/2027, offering a 10.11% cash-on-cash return at the list price.
- By leasing 15% of the vacant units, the CAP Rate can be increased to over 10.11%, improving both yield and exit value.
- Priced at $71.42/SF.
- Club4 Fitness is on a long-term lease through January 2030.
- Slidell is situated at the convergence of three major interstates, a $100 million medical system, NASA’s high-wage space industry.
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 attractive assumable debt at a 6% interest rate through 12/31/2027, offering an 10.11% cash-on-cash return at the list price and a 17.68% cash-on-cash return by 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
8.99%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Country Club Plaza - Slidell LA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Department Store
ADD'L SUBTYPES
Department Store
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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