Author: Justin Preaus

Sold: Hibachi Grill and Buffet located at 2400 Louisville Avenue, Monroe, Louisiana

Seller: Weslyn Properties, LLC

Buyer: Ouachita Valley Federal Credit Union

Sale Date: 09/29/2016

Sale Price: $1,100,000

Land Size: 2.798 acres (per deed)

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

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

Sold: CVS at the corner of Cypress Street and Bell Lane in West Monroe, Louisiana (3423 Cypress Street)

Seller: Alexander Fund V

Buyer: JR Monroe Investments LLC

Sale Date: 09/20/2016

Sale Price: $3,250,000

Land Size: 1.378 acres (per deed)

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

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

Sold: Former Avanti Restaurant located at 5076 Cypress Street, West Monroe, LA

Seller: JTH Properties LLC

Buyer: Richland State Bank

Sale Date: 08/18/2016

Sale Price: $425,000

Land Size: 0.78 acres (per deed)

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

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

Sold: Portico Restaurant at 1821 Northpointe Lane, Ruston, Louisiana

Seller: Bayles Properties LLC

Buyer: Moojon Properties LLC

Sale Date: 08/11/2016

Sale Price: $1,000,000 (leased fee; real estate only)

Land Size: 7,508 square feet (per deed).  Also included was parking servitude concerning adjoining parking lot.

Building Size:  3,972 square feet (per assessor)

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

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

 

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

 

 

 

Sold: Strip Center at 8950 Hwy 165 in Sterlington, Louisiana

Seller: Steelheart Investments, LLC

Buyer: Hickory Ridge Holdings, LLC

Sale Date: 06/24/2016

Sale Price: $3,000,000

Building Size: 20,860 square feet

Land Size: 1.877 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.

 

Sold: Vacant lot on Highway 165 N in Monroe, Louisiana (next to El Azteca Mexican Restaurant)

Seller: Johnny L. and Carleen T. Reeves

Buyer: DT Retail Properties, LLC

Sale Date: 05/05/2016

Sale Price: $447,563

Land Size: 1.247 acres (per OP Assessor)

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.

 

Sold: Outback Steakhouse at 305 Constitution Drive in West Monroe, Louisiana

Seller: New Private Restaurant Properties, LLC

Buyer: MDC Coast 4, LLC

Sale Date: 03/29/2016

Sale Price: $3,916,961

Land Size: 1.535 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.

 

 

Sold: Mac’s Fresh Market at the corner of Arkansas and Kiroli in West Monroe, Louisiana

Seller: Super Market Developers Inc.

Buyer: McLawrence Foods of W Monroe LLC

Sale Date: 04/01/2016

Sale Price: $4,152,813

Land Size: 4.007 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.