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Shopping Strip

West Side Plaza

1750 Martin Luther King Blvd, Houma, LA 70360

Listing Price: $5,634,000

Cap Rate
8.50%
Gross SF
36,801
Rentable SF
36,801
Price/Gross SF
$153.09
Lot Size
1.00 acres
Year Built
2003

Investment Overview

The West Side Plaza is a 36,801-square-foot shopping center constructed in 2003 and situated on one acre in Houma, Louisiana. West Side Plaza is 95 percent occupied with a great mix of national tenants that are internet resistant and service oriented. There is a total of seven retail units that are occupied by five tenants which include Goodwill, UPS, Biomat USA (Blood Bank), Nail Salon, and GameStop. Goodwill, being an anchor tenant in the center, has expanded into more space in 2016 and again in 2021. They also just signed an early extension showing commitment to the space. Four of the five tenants have been in the center since 2004, which consists of over 50 percent of the building. Over 82 percent of the center has leases that don't come up for renewal until November of 2026.

Investment Highlights

  • Four of the Five Tenants Have Been in the Center Since 2004
  • Goodwill Just Expanded Into Vacant Space and Signed an Early Extension Until 11/6/27
  • 95 Percent Occupied With National Tenants Such as Goodwill, UPS, and GameStop

Exclusively Listed By

  • Patrick Suffield

    Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960

    Chicago Downtown

  • David B. Tarnoff

    First Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

Financing By

Shopping Strip

West Side Plaza

Listing Price: $5,634,000

Cap Rate
8.50%
Gross SF
36,801
Rentable SF
36,801
Price/Gross SF
$153.09
Lot Size
1.00 acres
Year Built
2003

Investment Highlights

  • Four of the Five Tenants Have Been in the Center Since 2004
  • Goodwill Just Expanded Into Vacant Space and Signed an Early Extension Until 11/6/27
  • 95 Percent Occupied With National Tenants Such as Goodwill, UPS, and GameStop

Investment Overview

The West Side Plaza is a 36,801-square-foot shopping center constructed in 2003 and situated on one acre in Houma, Louisiana. West Side Plaza is 95 percent occupied with a great mix of national tenants that are internet resistant and service oriented. There is a total of seven retail units that are occupied by five tenants which include Goodwill, UPS, Biomat USA (Blood Bank), Nail Salon, and GameStop. Goodwill, being an anchor tenant in the center, has expanded into more space in 2016 and again in 2021. They also just signed an early extension showing commitment to the space. Four of the five tenants have been in the center since 2004, which consists of over 50 percent of the building. Over 82 percent of the center has leases that don't come up for renewal until November of 2026.

Exclusively Listed By

  • Patrick Suffield

    Associate

    (312) 327-5419

    Email Patrick

    License(s): IL: 475.179485, MI: 6501424960

    Chicago Downtown

  • David B. Tarnoff

    First Vice President Investments

    (312) 624-7017

    Email David

    License(s): IL: 471.009921, WI: 50698-94, IN: RB14050851

    Chicago Downtown

Financing By

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