11 May The Pulse Northshore: Retail center in Mandeville sells for over 3mm

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

Commercial Sales Recorded Last Week

1810 N Causeway Blvd, Mandeville, LA 70471

Type: Retail
Price: $3,050,000 ($354.20 / SF)
Buyer: HIGHWAY 23 LLC
Elifin’s Notes: A multi-tenant retail strip center sells on North Causeway Boulevard.

123, 131 Girod Street, Mandeville, LA 70448

Type: Retail
Price: $1,300,000 ($268.65 / SF)
Buyer: GERNON ASSETS LLC
Elifin’s Notes: A vet clinic along with an adjacent lot of land sells near the Lake in Covington.

Parcel B Hwy 25, Covington, LA 70435

Type: Land
Price: $561,000 ($15.90 / Land SF)
Buyer: DRIVEN BRANDS INC
Elifin’s Notes: Driven Brands Inc, a North Carolina-based company, acquires a 0.8+ acre parcel of land in Covington.

2060 Old Spanish Trail, Slidell, LA 70458

Type: Retail
Price: $460,000 ($270.59 / SF)
Buyer: 2060 OST LLC
Elifin’s Notes: A convenience store/gas station sells off I-10 in Slidell.

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.