04 May The Pulse Northshore: OnPath FCU purchases four properties

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

Commercial Sales Recorded Last Week

506 W Morris Ave, Hammond, LA 70403

Type: Office
Price: $565,000 ($245.76 / SF)
Buyer: HER AESTHETICS MEDICAL SPA LLC
Elifin’s Notes: An office property, most recently utilized as a law office, sells on West Morris Avenue.

3275 Pontchartrain Dr, Slidell, LA 70458

Type: Retail
Price: $459,000 ($22.87 / SF)
Buyer: JAMHOUR KHALIL
Elifin’s Notes: A multi-unit commercial property with warehouse space sells in Slidell.

139 N Theard St, Covington, LA 70433

Type: Office
Price: $450,000 ($281.25 / SF)
Buyer: ACQUISTAPACE ADAM C
Elifin’s Notes: A former CPA’s office property sells in Covington.

812 E Rutland St, Covington, LA 70433

Type: Land
Price: $425,000 ($59.03 / Land SF)
Buyer: COVINGTON CITY OF
Elifin’s Notes: The City of Covington, in an effort to secure space available for public parking, purchases a parking lot on East Rutland Street.

611 Plaza Dr, Covington, LA 70433

Type: Land
Price: $400,000 ($66.67 / Land SF)
Buyer: COVINGTON CITY OF
Elifin’s Notes: The City of Covington, in an effort to secure space available for public parking, purchases a parking lot on Plaza Drive.

832 E Boston St, Covington, LA 70433

Type: Office
Price: $355,000 ($264.53 / SF)
Buyer: STORK MATERNITY CONSULTING LLC
Elifin’s Notes: An office condo sells within the Boston Commons commercial complex in Covington.

70225 Hwy 59, Mandeville, LA 70471

Type: Land
Price: $325,000 ($8.11 / Land SF)
Buyer: LAND BARONS LLC
Elifin’s Notes: A nearly 1 acre gravel lot used for outdoor storage sells in Mandeville.

829 Asbury Dr (Unit 4), Mandeville, LA 70471

Type: Retail
Price: $300,000 ($136.36 / SF)
Buyer: ORANGE SOLAR PROPERTIES LLC
Elifin’s Notes: A retail condo unit property sells in Mandeville.

1375 Florida St, Mandeville, LA 70448

Type: Land
Price: $100,000 ($1.78 / Land SF)
Buyer: YE, AN
Elifin’s Notes: A 1+ acre tract of land sells at the corner of Florida and Albert Streets.

2180 Gause Blvd E, Slidell, LA 70461

Type: Retail
Price: Withheld
Buyer: LOVEJOY PARTNERS, L.L.C.
Elifin’s Notes: A Lake Charles-based entity purchases a newly constructed auto repair property on 3+ acres in Slidell.

200 Gause Blvd, Slidell, 205 N Columbia St, Covington, 13102 Hwy 1085, Covington, 707 Main St, Madisonville, Slidell, LA 70458

Type: Mixed Portfolio
Price: Withheld
Buyer: ONPATH FEDERAL CREDIT UNION
Elifin’s Notes: OnPath Federal Credit Union continues its expansion as they acquire four bank properties in Slidell, Covington and Madisonville as part of their acquisition of Heritage Bank.

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.