Park Plaza

Shopping Center for Sale
Catylist Listing ID: 30048445
Property Subtypes: Community Center
Building Size (RSF): 172,949 SF
Gross Building Area: See Agent
Gross Land Area: 12.29 SF
Sale Price: $12,850,000
Unit Price: $74.30 PSF
Property Use Type: Investment
Building Name: Park Plaza
Sale Terms: Cash to Seller
Cap Rate: 8.25%
Last Updated: 8/18/2017

Overview / Comments

Park Plaza is a multi-use center located in a major retail corridor within the Lake Charles market. Current tenants include Altitude Trampoline Park, Vista College, Northern Tool, Cititrends, Save-a-Lot and Family Dollar. The property consists of a large multi-tenant building, two freestanding outparcel buildings, and one multi-tenant outparcel building. The property offers multiple points of ingress and egress on three streets and has approximately 833 parking spaces.

Lake Charles is the dominant retail destination for the area that includes the following five parishes: Allen, Beauregard, Calcasieu, Cameron and Jefferson Davis. Park Plaza sits just off Interstate 210 within the Highway 14 corridor with area retailers that include Walmart Supercenter, Home Depot, Lowes, United Artist Theater, Toys R Us, Academy Sports, Michael’s, Old Navy, Hancock Fabrics, Shoe Carnival, and Dress Barn, as well as numerous banks and restaurants.

Additional Details

Nearest MSA: Lake Charles
County: Calcasieu
Zoning: BUSINESS DISTRICT
Property Visibility: Excellent
Feet of Frontage: 983
Property Condition: Good
Total Parking Spaces: 833

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,885 53,010 91,380
Median Age: 38.25 35.34 36.44
Households: 2,581 20,854 36,027

Contact

Photograph of Listing Agent

Beezie Landry, Jr

Stirling Properties Covington/Corporate Covington, LA 70433-5093
Not a member of MCAR CIE
Photograph of Listing Agent

Seth Citron

Stirling Properties Lafayette Covington, LA 70433-5093
Not a member of MCAR CIE
© Copyright Louisiana Commercial Database, LLC. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.