05 Jan The Pulse Northshore: Industrial flex property sells for 3.3 million

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

This week’s The Pulse Northshore commercial real estate report underscores continued investor confidence and development activity across the Northshore market, highlighted by the $3.3m sale of an industrial-flex property on James Street in Mandeville, featuring showroom space and multiple tenants, a strong signal of demand in the industrial sector. Other recorded transactions included a 10.18-acre land sale along Old U.S. 51 in Independence and industrial sales at 39509 I-55 Service Rd in Ponchatoula and 1950 South Lane in Mandeville, reinforcing diverse investor engagement. The latest permit listings further reflect commercial growth, with over $1.16m in permitted warehouse construction in Madisonville and additional permitted commercial activity throughout St. Tammany Parish. Leveraging comprehensive sales tracking and permit monitoring, ELIFIN® delivers the clarity and perspective needed to assess commercial real estate trends across the Northshore.

Commercial Sales Recorded Last Week

68399 James Street, Mandeville, LA 70471

Type: Industrial
Price: $3,300,000 ($148.38 / SF)
Buyer: ANTHON INVESTMENTS
Elifin’s Notes: An industrial-flex property on James Street, featuring showroom space and housing two separate tenants, has been sold.

Tract A Old U S 51, Independence, LA 70443

Type: Land
Price: $745,000 ($1.68 / Land SF)
Buyer: KT MAINTENANCE LLC
Elifin’s Notes: A 10.18 acre tract of land sells along the Old Amite Independence Highway.

39509 Interstate 55 Service Road, Ponchatoula, LA 70454

Type: Industrial
Price: $675,000 ($125.00 / SF)
Buyer: PINNACLE DEVELOPMENT GROUP LLC
Elifin’s Notes: A local investor purchases an industrial property currently occupied by a landscaping business.

1950 South Lane, Mandeville, LA 70471

Type: Industrial
Price: $555,000 ($44.40 / SF)
Buyer: ALL STAR PROPERTIES, LLC
Elifin’s Notes: An industrial property with office and warehouse space sells in Mandeville.

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.