PARK PLAZA SHOPPING CENTER

Park Plaza is a 175,357 square foot multi-tenant retail center in Lake Charles Louisiana that is currently 86% leased and being sold on a current CAP Rate of 8.57% which is $59 per square foot.

The property has a number of national credit tenants including City Trends, Northern Tool and Subway. Rental Rates at the property are incredibly low averaging less than $7.86 gross on the occupied space.

This property is an opportunity to reposition an asset with incredibly low rents and above market in place return.