20 Jul The Pulse Northshore: Tennessee company purchases medical property for 8.8 million

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

Commercial Sales Recorded Last Week

2252 Watercross Pkwy, Covington, LA 70433

Type: Office
Price: $8,811,000 ($835.32 / SF)
Buyer: MMOF IV COVINGTON LA LLC
Elifin’s Notes: A Tennessee-based company purchases a medical center property near Avanti Senior Living on Watercross Parkway.

417 N Hwy 190, Covington, LA 70433

Type: Retail
Price: $2,725,000 ($1,059.08 / SF)
Buyer: COVINGTON 401 LLC
Elifin’s Notes: A New York-based company purchases a newly built Cava-occupied retail property. (building picture unavailable)

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: In one of two similar purchases this past week, ExchangeRight buys a Dollar General property on Hwy 190.

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: In one of two similar purchases this past week, ExchangeRight buys a Dollar General property on Pumpkin Center 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.

115 S Oak St, Hammond, LA 70403

Type: Land
Price: $595,000 ($37.94 / Land SF)
Buyer: LOT ONE FIFTEEN LLC
Elifin’s Notes: A 0.3+ acre parcel of land currently used as parking lot sells on South Oak Street.

68425 Hwy 59 (Suites 4, 5, 6), Mandeville, LA 70471

Type: Industrial
Price: $495,000 ($99.00 / SF)
Buyer: MANDEVILLE MAVERICKS BASEBALL LLC
Elifin’s Notes: A commercial property with a front showroom space and back warehouse sells within the Alamosa Business Park.

516 N Jefferson Ave, Covington, LA 70433

Type: Land
Price: $460,000 ($27.79 / Land SF)
Buyer: 516 JEFFERSON LLC
Elifin’s Notes: A 0.3+ acre parcel of land sells across from the St. Tammany Parish Clerk of Court.

28155 Hwy 22 E, Ponchatoula, LA 70454

Type: Land
Price: $360,000 ($0.89 / Land SF)
Buyer: JTSG ENTERPRISES LLC
Elifin’s Notes: A 9+ acre parcel of land sells across from Bedico Baptist Church on Highway 22.

Lot C-1, C-2 S I 12 Service Rd, Ponchatoula, LA 70454

Type: Land
Price: $300,000 ($1.00 / Land SF)
Buyer: EASY TO REMEMBER LLC
Elifin’s Notes: A pair of land parcels, totaling 6+ acres, sell fronting on the South I-12 Service Road.

68361 Commercial Way S (Unit H), Mandeville, LA 70471

Type: Industrial
Price: $245,000 ($152.27 / SF)
Buyer: SOUL PURPOSE VETERINARY HOSPICE & HOME EUTHANASIA
Elifin’s Notes: A light industrial condo unit property sells on Commercial Way South.

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

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.