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DLC Management Acquires Towne Center At Cedar Lodge Baton Rouge For Eighty One Million
SOLD
$81,000,000
Louisiana
See Similar DealsRetail
Sold 08/11/2025
SOLD
DLC Management Acquires Towne Center At Cedar Lodge Baton Rouge For Eighty One Million
7529 Corporate Boulevard
See Similar DealsRetail
Sold 08/11/2025
Summary
LOUISIANA
Asset Type:Retail
Transaction Type:Sale
Towne Center at Cedar Lodge, a 48-acre open-air retail center in Baton Rouge, Louisiana, located at 7529 Corporate Boulevard, was sold for $81,000,000. The asset is categorized as Retail in the Baton Rouge market.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $81,000,000
- Address: 7529 Corporate Boulevard
- Market: Baton Rouge, LA
- Acreage: 48 acres
- Buyer: DLC Management Corporation
- Note: First Louisiana property for DLC Management Corporation
DLC Management Corporation, the buyer, marks its first property acquisition in Louisiana with this deal. The transaction aligns with DLC's investment focus on high-profile, well-located shopping centers, and the 48-acre center is noted as 95%+ occupied in the accompanying context.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,320,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$287,775.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$383,981.32
Annual Debt Service$4,607,775.89
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