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Classic Auction - Retail

Grand Marche Shopping Center

4517 Johnston St - Lafayette, LA 70503

  • Asset Type
  • Real Estate
  • Property Type
  • Retail
  • Land Area
  • 15.95 Acres
  • Year Built
  • 1974 - 2004
  • Number of Floors
  • 1
  • Number of Buildings
  • 2
  • Parking Count
  • 492
  • Occupancy
  • 33.95%
  • Occupancy As Of
  • July 1, 2018
  • Retail Type
  • Community Center
  • Anchor
  • No

Grand Marche Shopping Center

Grand Marche Shopping Center
 Value-Add Retail Opportunity

RealINSIGHT Marketplace and Beau Box Commercial Real Estate are pleased to offer the opportunity to acquire Grand Marche Shopping Center (the “Property” or “Properties”), a 92,153-sf retail center located in Lafayette, LA.  As of July 2018, the Property is 33.95% occupied by an attractive mixture of both national and local tenants.

INVESTMENT HIGHLIGHTS

Diverse Tenant Mix Tenants include Firestone, Dollar General, Anytime Fitness, Hardy’s Cleaners, Subway, Enchanted Nails and Pizza Hut.

Excellent Location – Located at the corner of Johnston Street and Camellia Boulevard, a major retail corridor in Lafayette.

Grand Marche is a multi-use center located in a major retail corridor in Lafayette, Louisiana. This prime location consists of 11.21 fee simple acres, a large multi-tenant building, one freestanding multi-tenant outparcel building on 1.361 acres with a ground lease, a 90,000 SF expansion pad with excellent visibility and 3.38 acres paved parking field with a ground lease.  Tenants include Firestone, Dollar General, Anytime Fitness, Hardy’s Cleaners, Subway, Enchanted Nails and Pizza Hut. The property offers 492 parking spaces with multiple points of ingress and egress.

Lafayette is the dominant retail destination for the Acadiana area that includes the following seven parishes:  Lafayette, St. Landry, Acadia, St. Martin, Vermilion and Iberia. Grand Marche sits at the corner of Johnston Street and Camellia Boulevard in the heart of Lafayette and gateway to south Lafayette, where many national retailers have located. Including, Costco, Whole Foods, Academy Sports and Outdoors, Dick’s Sporting Goods, just to name a few.

Closed
December 27th, 2018
This asset was part of the December 5th, 2018 auction event, resulting in a successful transaction that closed in just 21 days.

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Cooperating Broker Fee Available

Cooperating brokers may be eligible for a 0.50% co-op fee if their client is the winning bidder. Client must identify their broker during bidder registration.

Platform Fee

The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

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Investment Sales Broker

Auctioneer

  • default

    Lamar P. Fisher

    Fisher Auction Company Inc.

    License: 1983

    Co: AB-424