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Marcus & Millichap Sells Plaza One Shopping Center In Monroe For $10.5M

Property Image
SOLD
$10,500,000

Louisiana

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Retail96,765 SF
Sold 06/17/2024
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Property Image
SOLD

Marcus & Millichap Sells Plaza One Shopping Center In Monroe For $10.5M

2810 Louisville Avenue

See Similar Deals
Retail96,765 SF
Sold 06/17/2024
Contact now

Summary

LOUISIANA
Asset Type:Retail
Price Per Square Foot:$108
Total Square Footage:96,765 SF
Transaction Type:Sale

The Plaza One Shopping Center in Monroe, LA, located at 2810 Louisville Avenue, has been sold for $10,500,000. This retail asset spans 96,765 square feet and was successfully transacted by brokers Philip Levy, Steve Greer, and Zachary Taylor from Marcus & Millichap. The property is anchored by Super 1 Foods, making it a prominent retail center in the area.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $10,500,000
  • Market: Monroe, LA
  • SF: 96,765
  • Price per SF: $109
  • Brokers: Philip Levy, Steve Greer & Zachary Taylor - Marcus & Millichap

Marcus & Millichap played a key role in facilitating the sale of The Plaza One Shopping Center. The involvement of the brokers, Philip Levy, Steve Greer, and Zachary Taylor, from the renowned real estate brokerage firm ensured a successful transaction. This deal underscores the expertise and market knowledge of the professionals involved in the sale of this significant retail property.

Players

Philip Levy
41 deals$34.7M volume
BROKER

Zachary (Zach) Taylor
Marcus & Millichap
42 deals$355.9M volume(678) 808-2780
BROKER

Steve Greer
Marcus & Millichap
2 deals$15.1M volume(225) 329-8385
BROKER

Details

SOLD
IMAGE: 06/17/2024 ADDRESS: 2810 Louisville Avenue MARKET: Monroe, LA ASSET TYPE: Retail BROKERS: Philip Levy, Steve Greer & Zachary Taylor - Marcus & Millichap SALE PRICE: $10,500,000 SF: 96,765 ~ PPSF: $109 NOTE: Marcus & Millichap facilitated the $10.5 million sale of The Plaza One Shopping Center in Monroe, anchored by Super 1 Foods across its 96,765 square feet of retail space.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
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