02 Mar The Pulse Northshore: Newly constructed industrial property sells for 3.5mm

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

Commercial Sales Recorded Last Week

520 Johnny F Smith Blvd, Slidell, LA 70460

Type: Industrial
Price: $3,500,000 ($108.17 / SF)
Buyer: 4228 MAIN STREET PROPERTIES LLC
Elifin’s Notes: A local construction company associated entity purchases a newly constructed industrial property with showroom, office and warehouse space.

Lots 11, 12, 14, 16 Hwy 1088, Mandeville, LA 70448

Type: Land
Price: $670,124 ($0.76 / Land SF)
Buyer: HMS MANAGEMENT GROUP LLC
Elifin’s Notes: A 20+ acre tract of land sells off of Highway 1088 in Mandeville.

22398 Hwy 435, Abita Springs, LA 70420

Type: Office
Price: $615,000 ($191.35 / SF)
Buyer: 22398 HWY 435 LLC
Elifin’s Notes: A local law firm purchases their current office across the street from the Post Office in Abita Springs.

220 N Cate St, Hammond, LA 70401

Type: Retail
Price: $214,000 ($173.00 / SF)
Buyer: 3D REALITY LLC
Elifin’s Notes: A retail property, occupied by Susan’s General Store sells in Hammond.

Lot 44-A Compass Way N, Mandeville, LA 70471

Type: Land
Price: $176,000 ($6.25 / Land SF)
Buyer: SHRED HAVEN PROPERTIES LLC
Elifin’s Notes: Local business oweners purchase a tract of land within the Alamosa Park development.

1336 Gause Blvd, Slidell, LA 70458

Type: Land
Price: $135,000 ($7.50 / Land SF)
Buyer: 1336 GAUSE LLC
Elifin’s Notes: This property was sold at land value, but has two structures, in unknown states of repair, split up into storage units.

26382 Hwy 190, Lacombe, LA 70445

Type: Land
Price: Withheld
Buyer: PINE PLANTATION LLC
Elifin’s Notes: A 2.5 acre parcel of land sells along Highway 190 in Lacombe.

100 Enterprise Way, Mandeville, LA 70448

Type: Industrial
Price: Withheld
Buyer: BSD I DEVELOPMENT LLC; BSD II DEVELOPMENT LLC
Elifin’s Notes: A Florida-based, industrial development company, purchases a distribution facility (picture unavailable) on 12+ acres.

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.