Marcus & Millichap Sells Lafayette Marketplace Retail Center For $5.8M In Lafayette, LA
2220 Ambassador Caffery Parkway & 2252 Ambassador Caffery Parkway
$5,800,000
$22/SF
Building Size
261,366 SF
Asset Type
Retail
Closing
Jun 10, 2025
AI
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
Lafayette Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93