16 Mar The Pulse Northshore: Florida-based charter school purchases land

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

Commercial Sales Recorded Last Week

81591 Hwy 21, Bush, LA 70431

Type: Retail
Price: $1,698,814 ($131.69 / SF)
Buyer: HOME CARE PARTNERSHIP
Elifin’s Notes: A Dollar General Market property sells in Bush.

43169 S Airport Rd, Hammond, LA 70403

Type: Land
Price: $1,450,000 ($3.59 / Land SF)
Buyer: SILVERTREE PROPERTIES LLC
Elifin’s Notes: A 9 acre tract of land sells on South Airport Road near I-12.

289 Guzzardo Lane, Independence, LA 70443

Type: Multifamily
Price: $1,325,000 ($55,208 / Unit)
Buyer: KND BROADMOOR VILLAS LLC
Elifin’s Notes: Southeast Louisiana multifamily buyer purchases Broadmoor Village, a collection of 23 single family homes and a main office.

Tracts 7A1-AD2-B1, 7A1-AD2-C S Ochsner Blvd, Covington, LA 70433

Type: Land
Price: $564,726 ($3.16 / Land SF)
Buyer: RED APPLE AT ST. TAMMANY, LLC
Elifin’s Notes: A Florida-based Charter School company purchases 4+ acres of land near Oschner in Covington.

206 E Merry Ave, Hammond, LA 70403

Type: Multifamily
Price: $430,000 ($86,000 / Unit)
Buyer: J AND J RENTAL INVESTMENTS, LLC
Elifin’s Notes: A pair of Madisonville-based investors purchase a 5-unit multifamily property near Zemurray Park.

857 N Collins Blvd, Covington, LA 70433

Type: Office
Price: $420,000 ($154.02 / SF)
Buyer: ACORN PARTNERS LLC
Elifin’s Notes: A two-unit office property sells in Covington.

757 Gause Blvd, Slidell, LA 70458

Type: Office
Price: $345,000 ($150.13 / SF)
Buyer: WILLOW CIRCLE LLC
Elifin’s Notes: An office property, most recently occupied by an insurance agency, sells in Slidell.

200 W Oak St, Amite City, LA 70422

Type: Retail
Price: $245,000 ($67.44 / SF)
Buyer: MURPHY, PATRICK; MURPHY, PAMELA
Elifin’s Notes: The operators of Murphy’s Family Restaurant purchase their building on West Oak Street.

78386 Hwy 437, Covington, LA 70435

Type: Retail
Price: $240,000 ($120.00 / SF)
Buyer: 437 HOLDINGS LLC
Elifin’s Notes: A commercial property, formerly occupied by Pecan Hill Artisan Mercantile, sells.

419 E Martin Luther King Blvd, Amite City, LA 70422

Type: Industrial
Price: $215,000 ($13.87 / SF)
Buyer: AMITE TOWN OF
Elifin’s Notes: The Town of Amite City purchases warehouse/maintenance buildings from the School Board. In additional consideration to the sales price, the Town has given a 60-month usufruct over two of the buildings to the Board.

Commercial Permits Issued Last Week

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.