23 Mar The Pulse Northshore: Historic Lodge No.60 sells in Hammond

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

Commercial Sales Recorded Last Week

3190 E Causeway Approach (Pad Sites 3, 4, 5, 6), Mandeville, LA 70448

Type: Land
Price: $2,933,409 ($134.02 / Land SF)
Buyer: PRAEVIA LLC
Elifin’s Notes: The leader of Paradigm Health System heads an entity that purchases four office pad sites within the same condominium in which their Mandeville office is located.

517 E Rutland St, Covington, LA 70433

Type: Office
Price: $625,000 ($378.79 / SF)
Buyer: MBSB HOLDINGS, LLC
Elifin’s Notes: A former dental office sells on East Rutland Street.

21458 Hwy 36, Abita Springs, LA 70420

Type: Retail
Price: $551,000 ($67.82 / SF)
Buyer: DG HIGHWAY 36 LLC
Elifin’s Notes: A New Orleans-based investor purchases a Dollar General on Highway 36 in Abita Springs.

69350 Hwy 59, Mandeville, LA 70471

Type: Industrial
Price: $412,000 ($142.07 / SF)
Buyer: DUPONT INVESTMENT PROPERTIES, LLC
Elifin’s Notes: A local business owner purchases this industrial property with office and warehouse buildings.

219 E Thomas St, Hammond, LA 70401

Type: Office
Price: $375,000 ($66.67 / SF)
Buyer: LODGE 60 LLC
Elifin’s Notes: The historic Lodge No. 60 live/work office building sells in Hammond.

14034 E Blackcat Rd, Independence, LA 70443

Type: Industrial
Price: $323,342 ($22.94 / SF)
Buyer: CAW INVESTMENTS LLC
Elifin’s Notes: An industrial machine shop property sells in Independence.

302 S 1st St, Amite City, LA 70422

Type: Land
Price: $300,000 ($5.08 / Land SF)
Buyer: MAVERICK PROPERTY DEVELOPMENT CO LLC
Elifin’s Notes: The team behind Stephen Emmons Property Group purchases a 1+ acre tract of land in Ponchatoula.

310 Covington St, Madisonville, LA 70447

Type: Office
Price: $275,000 ($36.77 / SF)
Buyer: COVINGTON STREET PROPERTY LLC
Elifin’s Notes: The owner of Academy House Leveling, a local foundation repair company, purchases the historic former Madisonville Theatre.

27470 Hwy 190, Lacombe, LA 70445

Type: Retail
Price: $100,000 ($64.27 / SF)
Buyer: KAIZER, BEATRICE GUIDERA; KAIZER, DANIEL JOHN
Elifin’s Notes: This former restaurant property was last in operation in 2021 and is in a major state of disrepair, but it sits on half an acre with frontage on Highway 190.

82020 Hwy 25, Folsom, LA 70437

Type: Retail
Price: Withheld
Buyer: M. J. FALGOUST, INC.
Elifin’s Notes: A New Orleans-based real estate agency purchases a Dollar General in Folsom.

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.