ZRP Commerce Centre
17097 Airline Highway, Prairieville, LA 70769
17097 Airline Highway, Prairieville, LA 70769
Interested in learning more about this opportunity? A member of the ZRP team will be in touch within one business day.
Request More InformationValue-add entry into Louisiana's most affluent suburb
Class A, 2015-built strip center fronting Airline Highway in Prairieville (Baton Rouge MSA), acquired at a 7.06% going-in cap and a ~39% discount to replacement cost. With 28% vacancy and in-place rents ~21% below market, ZRP projects approximately 68% NOI growth to stabilization in Year 4:
A selection of recently completed investments across our core asset classes.
Rents 31% below market · Acquired below replacement cost
Three-building neighborhood retail center on Indianapolis’s northeast side, anchored by Starbucks, Dollar Tree, and Entenmann’s. 38% of base rent rolling with in-place rents 31% below market — clear path to NOI growth through active leasing.
ClosedCore-plus, affluent & supply-constrained Midwest submarket
Infill neighborhood retail center benefits from supply-constrained submarket, strong household incomes and a proven tenant mix spanning essential services, medical and experiential retail.
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Grocery-shadow-anchored neighborhood retail center. Lease-up and capital improvement program drove significant NOI growth.
Closed61% discount to replacement · 55% NOI increase · 44.1% IRR · 4.20x MOIC
Undermanaged retail center acquired at significant discount. Intensive leasing and capital improvement program.
ClosedPre-leased vacant space prior to closing
Acquired from a partnership in liquidation. Repositioned through aggressive leasing, fully stabilized within a short hold.
ClosedMulti-tenant flex complex · Strong lease-up execution
Industrial flex acquisition in high-demand submarket. Active management and tenant retention strategy delivered stable cash-on-cash returns.
ClosedLease-up to stabilization · Institutional-quality asset
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Closed