Woodmont Acquisitions LLC Acquires Retail Property In Slidell, LA For $12.4M
Slidell, Louisiana 70460, United States
$12,400,000
$108/SF
Building Size
114,638 SF
Asset Type
Retail
Closing
Jun 15, 2022
About this deal
AI
Woodmont Acquisitions LLC has acquired a retail property located at 105-135 Northshore Blvd in Slidell, LA. The property, spanning 114,638 square feet, was sold by RCG Ventures for a total price of $12,400,000, resulting in a price per square foot of $108.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,400,000
- Address: 105-135 Northshore Blvd, Slidell, LA
- Market: Slidell, LA
The deal was facilitated by brokers Kyle Stonis and Pierce Mayson from SRS Real Estate Partners. They represented both the buyer, Woodmont Acquisitions LLC, and the seller, RCG Ventures, in the transaction.
On the Map
$12,400,000
$108/SF
Retail
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Players
Slidell Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.28%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93