Pending Sale: 1201 Lamy Lane
Tenant: Books-A-Million / Former location of Sports and Company
List Price: $3,500,000
Status: Under Contract
Building Size: 91,109 sq. ft.
Source: Walmart Realty
Video Posts
As you may have noticed this week, an attempt to post a video link was made and many were unable to pull up the video without copying the link into the address bar. I will fix this issue and hope the video posting will be another good way to convey real estate information to those of you who are interested.
I will continue to post transfers as usual but will begin using videos as well.
The YouTube account is “mikegrahamrealestate” however i will attach a link to this site as well.
If you have any ideas or comments about the blog site, please contact me at magraham@mgmai.com or 318-801-0950.
Thanks, Mike
Audubon Bridge
Check out this video on YouTube:
http://www.youtube.com/watch?v=ao2H1JRy-Ig&feature=youtube_gdata_player
Michael A. Graham, MAI
1300 Hudson Lane
Suite 1
Monroe, LA 71201
318-387-9092 office
318-801-0950 mobile
magraham@mgmai.com
Sold: 371 Exchange Street
Sold: 371 Exchange Street – West Monroe, LA
Office / Warehouse
Date: June 29, 2012
Seller: 371 Exchange Street, LLC
Buyer: AKSA Power Generation USA LLC
Price: $435,000
Note: The above information is for reference only and
should not be used without proper verification.
Sold: 141 Building / Monroe, LA
Sold: Multi tenant office building / 141 Desiard Street, Monroe, LA
Date Recorded: June 5, 2012
Seller: Richland State Bank
Buyer: Desiard Court, LLC (Matt Harris, Dallas, TX)
Price: $1,050,000
Source: Conveyance record / The Legal Recorder, Inc.
No guarantee is made regarding the above information.
Sold: Land next to Sam’s / Monroe, LA
Sold: Land next to Sam’s / Monroe, LA
Date recorded: June 1, 2012 (Deed with restrictions)
Seller: Sams Real Estate Business Trust
Buyer: Yogi Monroe, Inc. (Ramesh and Naresh Patel)
Sale Price: $525,000
Source: Conveyance Record / The Legal Recorder, Inc.
No guarantee is made regarding the above information.
Sold: Portico Restaurant – Ruston (Real Estate Only)
Sold: Portico Restaurant in Ruston, LA (Real Estate Only)
This is a real property sale which does not
influence the restaurant operation.
Date Recorded: June 2012
Seller: Northpoint Property Phase I, LLC
Buyer: Bayles Properties, LLC
Price: $1,075,000
No guarantee is made regarding the above information.
Sold: Former American Outdoor Products
Sold: 7601 U.S. Highway 165 / Former Convenience Store
Date Recorded: May 29, 2012
Seller: JPMorgan Chase Bank
Buyer: Tinwood Industries, Inc.
Price: $425,000
The above information is not guaranteed and
should not be relied upon without proper verification.
Sold: Highland Court Apartments, West Monroe, LA
Sold: Highland Court Apartments / 241 Blanchard Street / West Monroe, LA
Date Recorded: May 14, 2012
Seller: Graoch Associates #47 Limited Partnership
Buyer: Juniper Blanchard Ltd.
Price: $8,200,000
Source: The Legal Recorder, Inc. / Assessor website
Note: No guarantee is made regarding the accuracy of the
above information.
Edit: Mortgage and Security Agreement: $6,600,000 to Berkeley Point Capital LLC
Transfer: Riverside Apartments, Monroe, LA
Transfer: 1600 Riverside Drive, Monroe, LA
Instrument Type: Dation En Paiement
Transferor: Ingold Investments, LLC
Transferee: Fairytail, LLC (Officers: Joseph and Nourie Hakim)
Amount: Unknown
Explanation: The above property has transferred ownership via Dation.
The original mortgage note on the apartment complex has been sold two or
three times and Fairytail, LLC held the note at the time of the Dation En Paiement.
A Dation En Paiment in Louisiana is when instead of paying a sum of money due
on a pre-existing debt, the debtor gives and the creditor agrees to receive a movable or immovable. In this case, the debtor agreed to give the property and the creditor agreed to receive the property instead of paying the sum of money due.