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Slidell, Louisiana 70460, U...

Woodmont Acquisitions LLC Acquires Retail Property In Slidell, LA For $12.4M
SOLDRetail

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

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.

Players

Kyle Stonis

Matthews

Broker

$235.4M

vol

17 deals

Broker
RCG Ventures
RCG VenturesSeller

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