Andrew Leeds And Noah Fox Acquire Retail Property In Zachary Louisiana For $2.5 Million

The property asset involved in the transaction is a 3,500-square-foot retail building located at 5912 Main Street, Zachary, LA. It was sold for $2,500,000, equating to a price per square foot of $714. The building is single-tenant and currently occupied by Aspen Dental, situated in a market that sees over 22,000 vehicles per day, close to major retailers such as Walmart and Home Depot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,500,000
• Square Footage: 3,500
• Address: 5912 Main Street, Zachary, LA
• Market: Zachary, LA
• Buyer's Name: Andrew Leeds & Noah Fox
• Seller's Name: Mike Birnbrey
• Buyer's Representative: Noah Fox - Vertical Real Estate
• Seller's Representatives: Neal Pringle & Justin Latone - TSCG (The Shopping Center Group)
• PPSF: $714

Noah Fox, Principal at Vertical Real Estate, highlighted the strong demand for credit-backed retail properties in growing Southern markets and expressed satisfaction in closing the deal. Vertical Real Estate operates as a boutique commercial real estate firm based in Miami, specializing in high-yield net lease opportunities in emerging markets.