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Marcus & Millichap Sells Lafayette Marketplace Retail Center For $5.8M In Lafayette, LA

Property Image
SOLD
$5,800,000
Eric Abbott
Zachary (Zach) Taylor

Louisiana

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Retail261,366 SF
Sold 06/10/2025
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Sells Lafayette Marketplace Retail Center For $5.8M In Lafayette, LA

2220 Ambassador Caffery Parkway & 2252 Ambassador Caffery Parkway

See Similar Deals
Retail261,366 SF
Sold 06/10/2025
Eric Abbott
Zachary (Zach) Taylor
the dealplayerscompscontact
Contact now

Summary

LOUISIANA
Asset Type:Retail
Price Per Square Foot:$22
Total Square Footage:261,366 SF
Transaction Type:Sale

The retail center located at 2220–2252 Ambassador Caffery Parkway in Lafayette, LA, has been sold for $5,800,000. This property encompasses 87,122 square feet, translating to a price per square foot of $67. The retail center is anchored by Super 1 Foods and features additional tenants including Dollar Tree and Metro by T-Mobile. Originally built in 1995, the property underwent renovations in 2024 and is situated near the West Village development in Lafayette.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,800,000
  • Square Footage: 87,122
  • Price Per Square Foot: $67
  • Address: 2220–2252 Ambassador Caffery Parkway
  • Market: Lafayette, LA

Eric Abbott and Zachary (Zach) Taylor from Marcus & Millichap represented the seller in the transaction. Their involvement played a crucial role in facilitating the sale of Lafayette Marketplace, marking a significant property deal in the area.

Players

Zachary (Zach) Taylor
Marcus & Millichap
Zachary Taylor
42 deals$355.9M volume(678) 808-2780
BROKER
Eric Abbott
Marcus & Millichap
Eric Abbott
30 deals$169.6M volume(678) 808-2746
BROKER
Marcus & Millichap
Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: 06/10/2025 ADDRESS: 2220–2252 Ambassador Caffery Parkway MARKET: Lafayette, LA ASSET TYPE: Retail BROKERS: Eric Abbott & Zachary (Zach) Taylor - Marcus & Millichap SALE PRICE: $5,800,000 SF: 87,122 ~ PPSF: $67 NOTE: Marcus & Millichap sold Lafayette Marketplace for $5.8M; the 87,122-square-foot retail center is anchored by Super 1 Foods and includes tenants like Dollar Tree and Metro by T-Mobile. The property, built in 1995 and renovated in 2024, is near the West Village development in Lafayette.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$309,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51