Woodmont Acquisitions LLC Acquires Retail Property In Slidell, LA For $12.4M
SOLD
$12,400,000
Louisiana
See Similar DealsRetail114,638 SF
Sold 06/16/2022
SOLD
Woodmont Acquisitions LLC Acquires Retail Property In Slidell, LA For $12.4M
Slidell, Louisiana 70460, United States
See Similar DealsRetail114,638 SF
Sold 06/16/2022
Summary
LOUISIANA
Asset Type:Retail
Price Per Square Foot:$108
Total Square Footage:114,638 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$661,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,054.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$58,782.33
Annual Debt Service$705,387.91
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