Month: July 2016

Sold: Retail Strip Center at 401 Thomas Road in West Monroe, Louisiana

Seller: Rogers Sutton Management LLP

Buyer: Basic Enterprises LLC

Sale Date: 06/30/2016

Sale Price: $3,750,000

Land Size: 3.620 acres (per OP Assessor)

Sources: OP Assessor’s website , Clerk of Court, Legal Recorder

Sold: Two Walmart Neighborhood Markets (1840 N. 18th in Monroe, LA and 2400 Cypress Street in West Monroe, LA)

North 18th Site

Seller: Polestar LA Monroe Avenue of Americas LLC

Buyer: Realty Income Properties 17 LLC

Sale Date: 06/28/2016

Sale Price: $11,361,779 (Annual rent is $624,909 for 20 years; NNN; 5.5% cap rate)

Land Size: 3.907 acres (per conveyance)

Sources: OP Assessor’s website , Clerk of Court, Legal Recorder

Cypress Street Site

Seller: Polestar LA West Monroe Flanagan LLC

Buyer: Realty Income Properties 17 LLC

Sale Date: 06/28/2016

Sale Price: $11,087,020 (Annual rent is $609,797 for 20 years; NNN; 5.5% cap rate)

Land Size: 5.811 acres (per conveyance)

Sources: OP Assessor’s website , Clerk of Court, Legal Recorder

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

North 18th

Cypress