Marcus & Millichap Brokers $6.8 Million Sale Of Village Square Retail Center In Baton Rouge
3132 College Drive
$6,800,000
$144/SF
Building Size
47,000 SF
Asset Type
Retail
Closing
Sep 11, 2025
About this deal
AI
The transaction involves the sale of a retail asset, specifically a shopping center known as Village Square, located at 3132 College Drive in Baton Rouge, LA. The property encompasses 47,000 square feet and was sold for $6,800,000, reflecting a price per square foot of $145.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,800,000
- Address: 3132 College Drive
- Market: Baton Rouge, LA
- Square Footage: 47,000
- Price per Square Foot: $145
- Brokers: Zachary Taylor & Eric Abbott - Marcus & Millichap
Marcus & Millichap facilitated this transaction, representing the seller in the sale of the shopping center, which is situated near LSU in Baton Rouge.
On the Map
$6,800,000
$144/SF
Retail
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Players
Baton Rouge Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93