18 May The Pulse Northshore: 7 Brew purchases restaurant property in Covington
A weekly update on the commercial real estate landscape of The Northshore.
Commercial Sales Recorded Last Week
1540 West Causeway Approach, Mandeville, LA 70471
Type: Office
Price: $3,250,000 ($401.83 / SF)
Buyer: 4B INVESTMENTS LLC
Elifin’s Notes: A pair of local investors purchase a two-story office property.
629 Hwy 190, Covington, LA 70433
Type: Retail
Price: $1,850,000 ($318.20 / SF)
Buyer: 7 BREW REAL ESTATE LLC
Elifin’s Notes: 7 Brew purchases a restaurant property in Covington.
15720 Belle Dr, Hammond, LA 70403
Type: Retail
Price: $831,250 ($110.83 / SF)
Buyer: HUTCHES HOLDING LLC
Elifin’s Notes: Ponchatoula Prep Academy, a pre-school, sells on Belle Drive.
300 Oak Harbor Blvd, Slidell, LA 70458
Type: Retail
Price: $700,000 ($179.49 / SF)
Buyer: GILBERT VALENCIA INVESTMENTS LLC
Elifin’s Notes: The owners of Tacos & Beer purchase a restaurant next to a golf course in Slidell.
631 River Highland Blvd, Covington, LA 70433
Type: Office
Price: $600,000 ($143.27 / SF)
Buyer: L & R VETERINARY PROPERTY MANAGEMENT LLC
Elifin’s Notes: A office property sells within The Offices at River Highlands in Madisonville.
24182 Hwy 22, Ponchatoula, LA 70454
Type: Land
Price: $500,000 ($0.78 / Land SF)
Buyer: DSSI PONCHATOULA LLC
Elifin’s Notes: A New Orleans-based investor purchases nearly 15 acres of land surrounded by new residential developments.
83483 Hwy 21, Bogalusa, LA 70427
Type: Retail
Price: $475,000 ($288.23 / SF)
Buyer: VK REALTY HOLDINGS LLC
Elifin’s Notes: A convenience store/gas station sells in Bogalusa.
614 W 19th Ave, Covington, LA 70433
Type: Retail
Price: $300,000 ($115.38 / SF)
Buyer: LAKELAND LAND PROPERTIES, LLC
Elifin’s Notes: A pair of Baton Rouge-based investors purchase a day care center in Covington.
78136 Hwy 51, New Zion, LA 70444
Type: Retail
Price: $250,000 ($37.86 / SF)
Buyer: THORNTON & HOWZE PROPERTIES LLC
Elifin’s Notes: A pair of Livingston-based investors purchase the Skinny’s Restaurant property.
1978 Hwy 190 (Ste 5-A), Covington, LA 70433
Type: Office
Price: $240,000 ($223.67 / SF)
Buyer: POUWELS PROPERTY MANAGEMENT LLC
Elifin’s Notes: An office unit sells within the Abita View Condo Park.
408 W Thomas St, Hammond, LA 70401
Type: Office
Price: $235,000 ($89.29 / SF)
Buyer: LIRM 408 LLC
Elifin’s Notes: A local investor purchases an office property on West Thomas Street.
Tract 1 S Holly St, Hammond, LA 70403
Type: Land
Price: $200,000 ($0.91 / Land SF)
Buyer: ASSB INVESTORS LLC; WATTS INDUSTRIES LLC
Elifin’s Notes: A 5 acre tract of land sells on South Holly Street.
108 E Robert St, Hammond, LA 70401
Type: Land
Price: $127,350 ($17.20 / Land SF)
Buyer: RON S MACALUSO LAW FIRM LLC
Elifin’s Notes: A 0.1+ acre tract sells on East Robert Street.
1838 North Causeway Blvd, Mandeville, LA 70471
Type: Retail
Price: Withheld
Buyer: CPUS NORTHLAKE LLC
Elifin’s Notes: The Northlake Shopping Center sells to an out-of-state entity.
Commercial Permits Issued Last Week
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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.
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