Month: September 2014

Sold: Former Dollar General Store and adjacent lot (4121 Old Sterlington Road, Monroe, LA)

Seller: Vedres Family Investment Partnership – Limited Partnership

Buyer: Ultra Communications Group LLC

Sale Date: 09/08/2014

Sale Price: $300,000

Land Size: 2 Tracts containing 1.37 acres

Building Size: 9,014 square feet (MLS)

Sources: Legal Recorder, OP Assessor’s website, conveyance record, MLS

Disclaimer: This information is for reference only and should not be relied upon without proper verification.

 

 

 

Sold: Smokers’ Paradise #6 (3214 Cypress Street, West Monroe, LA)

Seller: Lawrence & Fisher LLC

Buyer: Tejani & Dahal Investments LLC

Sale Date: 9/3/2014

Sale Price: $675,000

Land Size: 0.263

Building Size: Approximately 2,656

Sources: Legal Recorder, MLS, OP Assessor’s website, conveyance record

Disclaimer: This information is for reference only and should not be relied

upon without proper verification.

 

 

Sold:   Former Pines Hills Golf Course

Seller:  Calvert Crossing Golf Club, LLC

Buyer:  Cruzn I, LLC (James Garland / Charles Burkett, III)

Date:  8/29/2014

Price:  $750,000

Area:  122.22 acres per conveyance record (most of the area is deed restricted for residential use)

Note:  The above information is for reference only and should not be relied upon without proper verification.

Source:  The Legal Recorder, Inc. / Conveyance Record:  Book 2388 / page 195

Sold: Strip Center (1530 Sterlington Road, Monroe, LA – next to Fieldhouse restaurant)

Seller: Vicari Plaza LLC

Buyer: Lamyville Investors LLC

Sale Price: $620,000

Total retail square footage: 5,298 (5 units)

Built in 2010

Sources: Legal Recorder, conveyance records, tax assessor’s website, MLS records

Disclaimer: This information is for reference only and should not be relied

upon without proper verification.

 

 

 

 

Sold: RBL Storage (7539 Highway 165 North, Monroe, LA)

Seller: Robert Lively, Jr., et al

Buyer: Ashley Storage LLC

Sale price: $570,000

Sale date: 08/28/2014

Size: 1.958 acres

Sources: Legal Recorder, conveyance records, assessor’s website

Disclaimer: This information is for reference only and should not be relied upon without proper verification.

 

 

Memorandum of Lease and Competitor Exclusions

August 20, 2014 (Book 2387 / Page 407)

Landlord:  Peters Family Urban Properties, LLC

Tenant:  Whataburger Real Estate, LLC

What:  15 year ground lease / 1.28 acres on Louisville Avenue (next to Arby’s)

“Tenant intends to build a restaurant facing Louisville Avenue.”  Source:  memorandum of lease.

Source:  Conveyance record / Note:  this information is for reference only and should not be relied

upon without proper verification.  The information in this post is not guaranteed.