Mike Graham Real Estate

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 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:  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 / 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:  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.  

Sold: Dollar General Retail – Build to suit project (Jonesboro Road,
West Monroe)
Date recorded: 4/27/12
Seller: West Monroe Dg, LLC
Buyer: Arc Dgwmra001, LLC
Price: $1,185,276
Note: The above information is for reference only
And should not be relied upon with proper verification.
Source: The Legal Recorder

Michael A. Graham, MAI
1300 Hudson Lane
Suite 1
Monroe, LA 71201
(318) 387-9092
(318) 325-5776 – fax
(318) 801-0950 – cell
[email protected]
https://mikegrahamrealestate.com
http://realestate.mgmai.com/

Sold:  Vacant land on Forsythe Avenue
Date Recorded:  April 23, 2012
Seller:  Iberiabank
Buyer:  Thara Ventures, LLC
Price:  $530,000 (Approximately $7.14 / SF)
Legal:  Lots 1 – 3 of Iberiabank Subd. 
Note:  The above information is for reference only
and should not be relied upon without further verification. 

Power Line’ Impact on Sales Depends on Property

http://www.appraisalinstitute.org/newsadvocacy/news/2012/power-lines-impact-on-sales_032012.aspx



Michael A. Graham, MAI
1300 Hudson Lane
Suite 1
Monroe, LA 71201
(318) 387-9092
(318) 325-5776 – fax
(318) 801-0950 – cell
[email protected]
https://mikegrahamrealestate.com
http://realestate.mgmai.com/

Sold:  105 Logan Lane / 10 unit apartment complex
Date:  April 17, 2012
Seller:  Del Spar LLC
Buyer:  We Rn Property Inc.
Price:  $485,000
Source:  The Legal Recorder
Note:   The above information is for reference only
and should not be relied upon without proper verification. 

Sold:  Shannon Oaks Apartments
Date Recorded:  April 2, 2012
Seller:  Saleah S.O., LLC
Buyer:  Blake Management, LLC
Price:  $100 and OVC
Mortgage:  $1,950,000 to Cross Keys Bank (The Legal Recorder)
Source:  Conveyance record / The Legal Recorder/ Assessor Website
Note:   The above information is for reference only and should not
be relied upon without further verification.