13 Jul The Pulse Northshore: Palmetto Greens apartments sell for 15.2 million

Posted at 10:41h in Research, The Pulse, The Pulse: Northshore by ELIFIN® 0 Comments

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

Commercial Sales Recorded Last Week

900 Emerald Forest Blvd, Covington, LA 70433

Type: Multifamily
Price: $15,250,000 ($105,903 / Unit)
Buyer: PALMETTO GREENS LLC
Elifin’s Notes: A 144-unit multifamily property changes hands on Emerald Forest Boulevard.

Lot 1 Turnpike Rd, Covington, LA 70433

Type: Land
Price: $2,300,000 ($16.00 / Land SF)
Buyer: BITTU GOOD B LLC
Elifin’s Notes: A 3+ acre parcel of land sells on Highway 1077.

20203 Hwy 190, Hammond, LA 70403

Type: Retail
Price: $2,194,144 ($169.58 / SF)
Buyer: EXCHANGERIGHT NET-LEASED PORTFOLIO 76 D S T
Elifin’s Notes: A retail property sells in Hammond.

42260 Pumpkin Center Rd, Hammond, LA 70403

Type: Retail
Price: $1,487,260 ($141.79 / SF)
Buyer: EXCHANGERIGHT NET-LEASED PORTFOLIO 76 DST
Elifin’s Notes: An Iowa-based company purchases a Dollar General property on Pumpkin Center Road.

18459 Vineyard Rd, Hammond, LA 70401

Type: Office
Price: $750,000 ($84.94 / SF)
Buyer: RUDESILL RESOURCES LLC
Elifin’s Notes: An office property changes ownership on Vineyard Road.

426 E Rutland St, Covington, LA 70433

Type: Hospitality
Price: $675,000 ($168,750 / Unit)
Buyer: ROMAN CATHOLIC CHURCH ARCHDIOCESE OF N O
Elifin’s Notes: A renovated 107 year old bed and breakfast property sells in downtown Covington.

484 Robert Blvd, Slidell, LA 70458

Type: Office
Price: $379,000 ($137.07 / SF)
Buyer: 484 ROBERT BLVD LA LLC
Elifin’s Notes: A fully equipped medical office property changes hands on Robert Boulevard.

40071 W I-55 Service Rd, Ponchatoula, LA 70454

Type: Retail
Price: Withheld
Buyer: REALTY INCOME PROPERTIES 29 LLC
Elifin’s Notes: A retail property changes hands off of West Interstate 55 Frontage Road.

Commercial Permits Issued Last Week

Address	Type	Value	Owner / Contractor
16254 HWY 40, Independence	Electrical Utility (C) $0	Light-commercial store	[O] N/A [C] Dollar General
19452 HWY 22, Ponchatoula	Electrical Utility (C) $0	Press box for softball field	[O] Ponchatoula High School [C] N/A
Lowe Davis Road, Covington	Land Clearing (C) $0	Land clearing, 8.1 acres	[O] N/A [C] N/A
50 Park Place Dr, Ste 200, Covington	Electrical (C) $0	Name change	[O] N/A [C] N/A
67159 Industry Ln, Suite B, Covington	Electrical (C) $0	Commercial electrical connection	[O] N/A [C] N/A
131 Industry Dr, Unit D, Slidell	Electrical (C) $0	Commercial electrical connection	[O] N/A [C] N/A
20355 HWY 26, Covington	Electrical (C) $0	Name change, commercial	[O] N/A [C] N/A

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.

Elifin Realty

marketing@elifinrealty.com