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- LoopNet Team
305 W Patton St
La Fayette, GA 30728
Brookwood Square · Retail Property For Sale
Investment Highlights
- Priced at a 9.70% CAP
- Cash On Cash 12.91% on existing income
- 93% Occupied
- Well Below Replacement Cost at $20.37 PSF
PROPERTY FACTS
Amenities
- Signage
About 305 W Patton St , La Fayette, GA 30728
For Sale is Brookwood Square, a 65,289 SF shopping center located along West Patton Street in LaFayette, GA. Situated right near the downtown area and along the retail corridor, Brookwood Square features a 93% occupied shopping center, with long term tenants. The center is attractively priced at a 9.70% CAP rate on CURRENT income. This can be increased to well over a 13%+CAP through lease up, and/or increasing rents. Brookwood is priced well below replacement cost at $20.37 PSF and current rents average $2.50 PSF Gross. The center is maintained well with the owner replacing the roof in 2010, as well as HVAC units within the past few years. Several HVAC units as recently as March 2020.
PROPERTY TAXES
| Parcel Number | 1038-095 | Improvements Assessment | $628,419 |
| Land Assessment | $41,180 | Total Assessment | $669,599 |
PROPERTY TAXES
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