Private Investor Acquires Mandeville Marketplace Retail Center For $8.09M With Ben Stalter As Buyer's Rep

The recent transaction involved the sale of a retail center, specifically Mandeville Marketplace, located at 619 North Causeway Boulevard in Mandeville, Louisiana. The property spans 62,324 square feet and was sold for $8,090,000, resulting in a price per square foot of $130.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $8,090,000
• Address: 619 North Causeway Boulevard
• Market: Mandeville, LA
• Square Footage: 62,324
• Price per Square Foot: $130

The transaction was facilitated by key representatives in the real estate sector. Ben Stalter from Maestri & Murrell represented the buyer, while the seller was represented by Sabrina Sapienza and Chad Lieber from SRS Real Estate Partners. Notably, the sale was part of a 1031 exchange.