23 Aug Texas-based buyer purchases retail center in Covington

Posted at 19:25h in The Pulse, The Pulse: Northshore by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of The Northshore.

Five commercial sales closed on the Northshore the week of August 24, 2026, totaling $2.6M in disclosed volume. The headline deal: LA 22 Investment LLC paid $1.2M ($135.52/SF) for a strip center on Highway 22 in Mandeville. Retail and land assets led the week’s activity, with out-of-state investors capturing multiple properties across the region.

Commercial Sales Recorded Last Week

4958, 4966 Hwy 22, Mandeville, LA 70471

Type: Retail
Price: $1,240,000 ($135.52 / SF)
Buyer: LA 22 INVESTMENT LLC
Elifin’s Notes: A strip center property changes hands on Highway 22.

1410 Gause Blvd W, Slidell, LA 70460

Type: Retail
Price: $610,000 ($167.54 / SF)
Buyer: GATLIN VENTURES 2 LLC
Elifin’s Notes: A former automotive repair property changes hands on Gause Boulevard West.

317 W 30th Ave, Covington, LA 70433

Type: Retail
Price: $405,000 ($106.58 / SF)
Buyer: FAUST, MELINDA ANN
Elifin’s Notes: A Texas-based buyer purchases a strip center property in Covington.

38065 Fricke Rd, Slidell, LA 70460

Type: Land
Price: $330,000 ($1.65 / Land SF)
Buyer: THE JOHNNY F SMITH TESTAMENTARY TRUST
Elifin’s Notes: A 4+ acre parcel of land sells on Fricke Road.

11467 Seibert Rd, Amite City, LA 70422

Type: Industrial
Price: Withheld
Buyer: CYPRESS HRBR LAND LLC
Elifin’s Notes: A lumberyard and additional land parcel sell at the corner of Seibert Road and Bennett Road.

Commercial Permits Issued Last Week

Address	Type	Value	Owner / Contractor
11496 Lee Settlement Rd, Folsom	Land Clearing (C) $0	Land clearing permit	[O] N/A [C] N/A
2639 N CAUSEWAY BLVD, Mandeville	Electrical (C) $0	Commercial electrical connection	[O] N/A [C] N/A
1246 PARK DR, Mandeville	Electrical (C) $0	Replace 3 service disconnects, install home surge protectors, update grounding system, replace weather head, 5 units affected	[O] N/A [C] N/A
70411 HWY 21, Ste 101, Covington	Electrical (C) $0	Commercial account name change, restaurant	[O] N/A [C] N/A
5150 HWY 22, Suite C6, Mandeville	Electrical (C) $0	Commercial electrical vacancy	[O] N/A [C] N/A
5150 HWY 22, Unit C6, Mandeville	Electrical (C) $0	Commercial account name change, retail	[O] N/A [C] N/A
5200 HWY 22, Suite 5, Mandeville	Electrical (C) $0	Name change	[O] N/A [C] N/A
13265 WILLIE RD, Folsom	Electrical (C) $0	Install aerial power supply, 20 amp 110 volt outlet, install grounding system	[O] N/A [C] N/A
33490 SYLVE RD, Ste E, Slidell	Electrical (C) $0	Name change	[O] N/A [C] N/A
316 Black River Dr, Madisonville	Home Office Permit (C) $0	Home office permit	[O] N/A [C] N/A
141 FAIRVIEW OAKS DR, Madisonville	Electrical (C) $0	Commercial electrical connection	[O] N/A [C] N/A
131 INDUSTRIAL DR, Unit G, Slidell	Electrical (C) $0	Commercial electrical connection	[O] N/A [C] N/A
5001 HWY 190 SERVICE RD N, Suite B1, Covington	Electrical (C) $0	Commercial account name change, medical office, psychotherapy services	[O] N/A [C] N/A
17351 HARD HAT DR, Unit B10, Covington	Electrical (C) $0	Name change	[O] N/A [C] N/A
18001 FABRICATION ROW, Units 1-11, Covington	Electrical (C) $0	Name change	[O] N/A [C] N/A
208 HIGHLAND PARK PLAZA, Covington	Electrical (C) $0	Name change	[O] N/A [C] N/A
68443 HWY 59, Suite 2, Mandeville	Electrical (C) $0	Commercial electrical connection	[O] N/A [C] N/A
42419 S AIRPORT RD, Hammond	Road Boring and Utility (C) $0	AT&T road bore	[O] N/A [C] AT&T

Sale records included based on the following parameters: Building and commercial land sales with a sales price that is either withheld or greater than or equal to $100,000. Multifamily sales greater than or equal to 5 units. Sale must be an arm’s length transaction (between unrelated parties). Best efforts are made to provide complete and reliable information, but accuracy is not guaranteed and the reader bears the responsibility to verify the accuracy of such information prior to forwarding it, utilizing it, or relying on it in any way.

Elifin Realty

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