Carnegie Companies is proud to announce the acquisition of Metairie Centre in Youngsville, LA. This multi-tenant center has an ideal tenant mix including: medical (34%), restaurants (22%), gym/recreational (15%), & service/daily needs (22%). Just south of Lafayette, Youngsville is one of, if not the, fastest growing cities in Louisiana. Youngsville also boasts the highest median household income ($111,619) in Lafayette Parish. Metairie Centre is 92% occupied and was sold by the original developer, who continues to develop townhomes adjacent to the property. The property is also directly across the street from the 509-acre planned community of Sugar Mill Pond, which offers a variety of housing options, amenities, and an overall vibrant and walkable community, providing a solid base of customers and clients for our tenants. This acquisition serves as a 1031 replacement property for a recent sale and offers an enhanced yield with both stability and upside.
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