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Marcus & Millichap Brokers $6.8 Million Sale Of Village Square Retail Center In Baton Rouge
SOLD
$6,800,000
Louisiana
See Similar DealsRetail47,000 SF
Sold 09/11/2025
SOLD
Marcus & Millichap Brokers $6.8 Million Sale Of Village Square Retail Center In Baton Rouge
3132 College Drive
See Similar DealsRetail47,000 SF
Sold 09/11/2025
Summary
LOUISIANA
Asset Type:Retail
Price Per Square Foot:$144
Total Square Footage:47,000 SF
Transaction Type:Sale
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.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$362,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63
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