Appraisals / Brokerage / Property Management / 318.801.0950 / [email protected] / 1300 Hudson Lane / Monroe, LA / Louisiana Real Estate Broker License 995691964
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.
As an update to a recent post regarding the transfer of real estate for the Mac’s Fresh Market on Arkansas Road, please note the ownership change was between related parties and the Mac’s Fresh Market operation continues to operate as it has been since it recently opened. There has been no change in management regarding this business operation.