Month: December 2011

Sold:  3002 Cypress / Former Canary Motel
Date Sold:  12/15/11
Seller:  Succession of Elsie Mae Mix Webb
Buyer:  Max Alley Investments, LLC (Texarkana Corporation)
Price:  $325,000
This sale is thought to be the purchase of land for redevelopment as
a build to suit project.  Based on the buyer’s history and language in the
conveyance record, development of a Family Dollar Store may be likely. 
The site is approximately 56,700 sq. ft. which calculates to $5.73 per
square foot prior to any required expenditures after purchase. 





Note:  The above information is for reference only and should not be
relied upon without further verification.  No guarantee is made about the
accuracy of the above information. 

Sold:  Fontana Road / Industrial Warehouse Property / Monroe, LA
Date Sold:  December 13, 2011
Seller:  Louisiana Properties, LLC
Buyer:  Pulpmill Services, Inc.
Price:  $500,000





Note:  The above information is for reference only and no guarantee is made
regarding the accuracy of the information provided.  Source:  Conveyance Record. 

Sold:  Vacant Land / Cypress Street in West Monroe, LA
Lot 6, Ashford Place, 3rd Revision

Date:  December 9, 2011
Seller:  Church Hill Land Co, LLC
Buyer:  Deep Pockets Investments, Inc.
Price:  $387,500

Date:  December 9, 2011
Seller:  Deep Pockets Investments, Inc.
Buyer:  Guaranty Bank & Trust Co of Delhi
Price:  $387,500  (size of site is around 47,000 square feet or approximately $8.25 / SF)



The above information is for reference only and should not be relied upon without proper
verification.  Source:  The Legal Recorder, Inc.