SOLDRetail
Chen Brothers LLC Acquires Retail Center In Metairie From The Decorator Shoppe Inc. For $2.9M
5029 Veterans Memorial Boulevard
$2,900,000
$193/SF
Building Size
15,000 SF
Asset Type
Retail
Closing
Sep 18, 2026
About this deal
AI
The retail center located at 5029 Veterans Memorial Boulevard in Metairie, LA, has a total square footage of 15,000. The sale was completed for a transaction amount of $2,900,000, resulting in a price per square foot of $193.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,900,000
- Buyer: Chen Brothers LLC
- Seller: The Decorator Shoppe Inc.
- Brokers: Stephanie Boyd - SRSA Real Estate; David da Cunha - Property One; Dan Yang - Candy Realty LLC
This transaction involved multiple brokers representing the parties, ensuring a smooth process for both the buyer and the seller. Chen Brothers LLC acquired the property from The Decorator Shoppe Inc. through the efforts of the listed brokers.
On the Map
$2,900,000
$193/SF
Retail
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Players
Metairie 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93