Denham Springs Retail Center Sells

The Denham Springs retail strip center at 419 S. Range Ave. that’s home to AT&T, Allied Cash and Harrison Finance was sold on Oct. 28 for $815,000. At 6,045 square feet, the sales price for the building—which sits on a site measuring about 34,225 square feet—works out to just below $135 per square foot. The seller was M.G. Stevens Corp., and the buyer was 2620 Metairie Lawn LLC, both based in New Orleans. Larry Dietz with Saurage Rotenberg Commercial Real Estate brokered the transaction. A 1,300-square-foot space in the center formerly occupied by Papa John’s is being offered for lease at $15 per square foot. “The return with the existing tenants in place was good for the purchaser, and will improve when we lease the Papa John’s space,” Dietz says.