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3132 College Drive

Marcus & Millichap Brokers $6.8 Million Sale Of Village Square Retail Center In Baton Rouge
SOLDRetail

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

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.

Players

Zachary Taylor

Marcus & Millichap

Broker

$355.9M

vol

42 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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