Active
Sale
Retail
Strip Center
ID bf896df7
Heritage Parkway Shopping Center
172-190 Heritage Pkwy, Broussard, LA 70518
For Sale
$1,899,000$142.51/SF
- Cap Rate
- 9.46%%
- Building Size
- 13,325 SF
- Lot Size
- 2.51 ac
- Parish
- Lafayette
- Days on Market
- 783
- Listed
- 08/08/2024
- Updated
- 08/08/2024
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Overview
eXp Realty is proud to present Heritage Plaza for sale in Broussard, LA to well-qualified investors. The owner of this property is a mult-family investor/operator and is divesting its non-core assets to focus on their investment strategy. There has been very strong leasing activity this year, with 8 out of the 11 bays leased or renewed in 2024!
Offered at an in-place cap rate of 9.4% including a value of $150,000 for the excess land. Factoring out the land value, this is over a 10% cap rate. The excess land has it's own dedicated access at the southern border of the property.
Note that the agent has a significant ownership interest in the property.
Attachments
eXp Realty
Brokers no longer with eXp Realty
Additional Information
- City
- Broussard
- State
- LA
- Zip Code
- 70518
- Secondary Uses
- Strip Center
- Zoning
- COMMERCIAL
- Gross Income
- $231,153
- NOI
- $179,736
- Business Park
- Heritage Plaza
- # of Buildings
- 1
- Floors
- 1
- Year Built
- 1980
- Construction Siding
- Concrete
- Construction Type
- Framed
- Nearest MSA
- Lafayette
- Property Status
- Existing
- Parcel APN
- 19602A3422
- Listing ID
- bf896df7
- City
- Broussard
- State
- LA
- Zip Code
- 70518
- Secondary Uses
- Strip Center
- Zoning
- COMMERCIAL
- Gross Income
- $231,153
- NOI
- $179,736
- Business Park
- Heritage Plaza
- # of Buildings
- 1
- Floors
- 1
- Year Built
- 1980
- Construction Siding
- Concrete
- Construction Type
- Framed
- Nearest MSA
- Lafayette
- Property Status
- Existing
- Parcel APN
- 19602A3422
- Listing ID
- bf896df7