St. Mary Plaza Retail FOR SALE


Morgan City, LA
$5,450,000 USD
954-312-1676
, Morgan City, LA for Sale
$5,450,000 USD
Retail - FOR SALE
1/26
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St. Mary Plaza
Morgan City, LA


OVERVIEW

78% Occupancy Rate, True Value-Add Deal Providing Immediate Value Enhancement Through the Lease-Up of the Remaining Vacancies With in Hand Ollies LOI - Ask Brokers For More Info Recently Signed 10-Year Lease Agreement With Fitness 1440, and Recent Extension From Roses and Purple Lemon With Upside of Remaining Square Footage to Be Leased This 138,168 SF Center Compromises Four Separate Buildings Offering a Unique Opportunity For Future Individualized Sales, Thereby Enhancing Its Versatility and Potential For Personalized Investment Option The Market Rents Currently Stand at an Advantageous Rate of $15.08/SF, Presenting an Exciting Opportunity For New Ownership to Capitalize on the Potential For Rental Increase 70% of the Existing Income is From Nationally Branded Tenants, Providing Strong National Traffic and Long Term Stability With Roses, Harbor Freight, Aarons, Etc

ASK ABOUT THIS PROPERTY

Kaylan KnitowskiFranklin StreetMore Info
954-312-1676

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Kaylan KnitowskiFranklin StreetMore Info
954-312-1676

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.