Commerce Centre
$6,800,000
17097 Airline Highway, Prairieville, LA 70769
Cap Rate
7.00%/10.57%
Square Feet
33744
Year Built/Renovated
2015
INVESTMENT HIGHLIGHTS
• Prime Class A Asset: Constructed in 2015 and prominently positioned along Airline Highway (51,000+ VPD).
• Significant Value-Add Opportunity: 72 percent occupancy provides meaningful upside through leasing efforts.
• Strong Market Fundamentals: Located in one of the Baton Rouge MSA’s fastest-growing submarkets with continued residential expansion.
• Established Retail Corridor: Surrounded by national retailers including McDonald’s, Walmart, Aldi, and CVS Pharmacy.
• Residential Development Underway: A luxury home community is being developed just south of the property, along with a subdivision of more than 130 homes being constructed immediately east.
• Affluent Demographics: Average household income of approximately $142,000 within the surrounding trade area.
PROPERTY DESCRIPTION
Marcus & Millichap is pleased to exclusively offer for sale Commerce Centre, a 33,744-square-foot Class A shopping center located directly on Airline Highway in Prairieville. The property sits along one of the area’s most heavily trafficked thoroughfares, seeing over 51,000 vehicles per day.
Prairieville is one of the fastest-growing suburbs outside of Baton Rouge, driven by strong residential development, top-rated schools, and low crime rates. Positioned in an affluent area with an average household income of approximately $142,000, the property is currently 72 percent occupied, offering investors a clear value-add opportunity through lease-up.
Cole Voyles
ASSOCIATE INVESTMENTS
713-452-4352
Gus N. Lagos
SENIOR MANAGING DIRECTOR INVESTMENTS
713-452-4257
Alex Wolansky, CCIM
MANAGING DIRECTOR INVESTMENTS
