Happy New Year.
Wake up this is Tuesday January 3rd, 2017. First show of the New Year. End of the Show will
make 10 predictions for 2017.
Million Dollar + deal of the week for 1031 deferred exchange buyers:
Leesville property $2,861,000
NOI $214,575 Cap Rate 7.5% in place tenants include Napa Auto Parts, Tractor Supply and
Goodwill. National Broker Stan Johnson
Every deal has a tale / tail
Capital One sold two properties at year end
Capital One, NA (275 Broadhollow Road, Melville, NY 11747) to Samaritan Property Management, LLC
Kenneth Boydstun
(161 Tullos Lane, Dry Prong, LA 71423) - Tract in Sec 19, T5NR1E (6110 Monroe Hwy., Ball, LA 71405),
$400,000.00. Bank Branch in Ball. They were asking $890,000 at end of 2015. Noticed owner has is
installing new roof. Not sure intended use?
10 Story office Tower at 934 Third Street sold to Hammond La. Developer. Sales Price was $1,425,000
more details at end of my notes. Co-broker with Jones, Lang and LaSalle JLL Mr. Kyle Harding from
Chicago Office.
Bank sale property week
Sabine State Bank (P O Box 670, Many, LA 71449) to D & J Investments of Cenla, LLC (5015 Shreveport
Hwy., Pineville, LA 71360) - 2.79 acre tract being Lot 1 of Griffin Subd. and 2.21 acre tract in Sec 23,
T5NR1W, $100,000.00
England Authority Buying again
April E Blackman, et al (90 Williamsburg Road, Boyce, LA 71406) to England Economic and Industrial Dev.
District (1611 Arnold Dr., Alex., LA 71303) - Lot 25, Colonial Estates, $43,265.00
April E Blackman (90 Williamsburg Road, Boyce, LA 71406) to England Economic and Industrial Dev.
District (1611 Arnold Dr., Alex., LA 71303) - Part of Lot 24, Colonial Estates, $13,300.00
April E Blackman, et al (90 Williamsburg Road, Boyce, LA 71406) to England Economic and Industrial Dev.
District (1611 Arnold Dr., Alex., LA 71303) - Lot 26, Colonial Estates, $86,000.00
Advance Auto Sale Pineville
Karen P Tonsmeire, et al (4137 Audubon Drive East, Mobile, AL 36619) to 269 Plauche, LLC David
Weber (3012 Hwy. 28, Pineville, LA 71360) - 1.023 acre tract in Sec 7, T4NR1E (3012 Hwy. 28, Pineville,
LA), $925,000.00. Advance Auto Parts on Highway 28 East.
Proposed site in Pineville for Adolescent Treatment Center
Kirk A Hayes (1477 Morehouse Road, Emmet, ID 83617) to Cenla Chemical Dependency Council (1800
Community Dr., Clinton, MO 64735) - 17.59 acre tract in Sec 4, T4NR1E, $684,000.00. Interesting sale,
two owners out of state acreage parcel behind Legacy Point access through Wildwood in Pineville.
Proposed Gateway adolescent treatment center that is moving from central grounds.
Quality Builders, Inc. (306 Northcreek Blvd., Suite 100, Goodlettsville, TN 37072 Welwyn Way, Alex, LA
71303) to David L Crutchfield, II, et al (7117 Bayou Rapides Road, Alex., LA 71303) - Lot 7, Yorktown
Medical & Business Park, Phase I (112 Yorktown Dr.
Juanita W Achee, et al (110 Hogan Bluff Ct., Georgetown, TX 78633) to Dewitt and Associates, LLC (5106
S MacArthur Dr., Alex., LA 71302) - Lots 1-5 of Lot 7 of the partition of lower half of Esparanso
Plantation, $78,500.00. Total of 9.59 acres 3.59 acres North of Lecompte, 1,110 feet of frontage. Charlie
Dewitt was the buyer.
Albert & Edna Khalily (415 E Shore Road, Kings Point, NY 11024) to Legacy Auto Sales, LLC (105 Bolton
Ave., Alex., LA 71301) - Tract at or near the intersection of Monroe St. & Bolton Ave., $35,000.00.
Laundry Mat behind location for former Chamber of Commerce building. Interesting that someone from
NY would own this property to start with.
(-1) Total Transactions: last two weeks of 2016, December 19th through 31st. 75 transactions
with $9,471,040 average sale $127,987, largest sale $925,000 Advance Auto
(-1) New Home sales
V & V Builders, LLC (1223 MacArthur Dr., Alex., LA 71303) to Vallery T Albrittton (P O Box 13691, Alex.,
LA 71315) - Lot 21, Pecan Bayou Subd., Phase 2 (5809 Marthas Dr., Alex., LA 71303), $284,500.00
(+1) Residential lot sales: 6 sales need two for positive score
Vida G Investments, Inc. (P O Box 11768, Alex., LA 71315) to Hobart J Vance, Jr. & Amy M Vance (11119
Hwy. 28 West, Boyce, LA 71409) - Lot 3, Kisatchie Park Subd., $33,000.00
Gregory B & Janet M Dauzat (210 Clemile Dauzat Road, Marksville, LA) to Chad W Futch and Shanna B
Futch (40 Chevalier Road, Deville, LA 71328) - Lot 66, Ocho Rios Subd., Phase II, $48,500.00
Richfield Developments, LLC (P O Box 1470, Jena, LA 71342) to Jason S & Stacey L Babb (511 Morrow Dr.,
Pineville, LA 71360) - Lot 16, Richfield Subd., Phase I, $38,000.00
Janet M Bennett and Deanna E Graham (356 Williford Road, Ball, LA 71405) to Travis A Brazil, Jr. &
Vivian Brazil (229 Sanders Road, Pollock, LA 71467) - Lot 9, Garden Oak Subd. (5924 Ball Loop, Ball, LA
71405), $46,000.00
Coy A Bell, Jr. (P O Box 274, Ball, LA 71405) to JLK Construction, LLC (328 Walker Ferry Road, Pollock, LA
71467) - Lot 15, Carriage Oaks Subd., $39,900.00
The Lake District, LLC (1419 Metro Dr., Alex., LA 71301) to Richard C Bordelon (1068 Hidden Ridge,
Woodworth, LA 71485) - Lot 66A, The Lake District, Phase I (4728 Sample Place, Alex., LA 71303),
$32,000.00
(+1) Lender Sales: Zero
Recorded Construction Contracts
Water Works District No. 3 of Rapides Parish to Womack & Sons Construction Group, Inc. - Replacement
of Water Mains Along David Dr., Adams Road, and Environs, $432,911.00
City of Pineville to Rylee Contracting, Inc. - Ditch stabilization near former Wendy's, Hwy. 28, Pineville,
$130,000.00
Town of Boyce, LA to Rylee Contracting, Inc. - Water systems improvements, $462,355.00
Levert-St. John, LLC (3540 S I-20 Service Road W, Suite 250, Metairie, LA 70001) to D'Argent
Construction, LLC (1460 Center Court, Alex., LA 71301) - Nail Salon Build out at 2041 North Mall Dr.,
Alex., LA 71301, $86,384.00
LA DOTD to Progressive Construction Co., LLC - 3.028 miles of road work on US 167, $1,182,427.96
LA Dept. of Wildlife & Fisheries to SOL Construction, LLC (300 Morris Dr., Minden, LA 71055) - Roofing
and painting maintenance repairs, Booker Fowler Fish Hatchery, $79,100.00
2017 Predictions
1. Pineville will announce first sit down family restaurant chain with booze
2. 28 West will see two quick serve restaurants.
3. Tax laws for Real Estate will change possibilities include following:
Eliminate deduction for property taxes
Increase standard deduction which will reduce number of itemized fillings
Eliminate loan interest deductions for business use
Eliminate cost recovery 27.5 years for residential and 39 years for commercial.
100% purchase deductible minus land allocation.
4. Dresser Plant will be re-used or demolished by year end.
5. Zero new hotels will be under construction by year end
6. Interest rates will approach 6% for 30 fix mortgages
7. Alexandria downtown will continue to “awake up” residential planning if not rehab
under way.
8. Trampoline World is coming
9. Hastings / Hancock Fabric buildings will have new tenants
10. Big Lots will be vacant at year end.
Comments from Listeners:
Hello Dave, this message is for Rod Noles. I had heard him talk about lots being sold in the High Cotton
subdivision recently, but then he says he doesn't know where that is exactly. Well, on a Xmas Day drive
this week, I stumbled upon it- it's right off Hwy 107 in the Kolin area, about 1/4 mile before the
intersection with Denny Road (if coming from Pineville) There is one house under construction, and one
other concrete foundation poured in another lot. Please pass this info on, thanks!
Capital One Building and parking lot sale details from beginning of my notes.
10 story downtown landmark
$1,425,000 Sale Price
Constructed in 1919 formerly known as: (ask listeners to name former bank headquarters)
First National Bank Building
Guaranty Bank Building
Hibernia Building.
Capital One Building.
Numbers:
63,000 square Feet
10 Stories
Includes parking lot and garage fronting Jackson Street between 4th and 5th Street.
Tenants include:
Capital One (lease back after the sale)
Kinetix Broadband LLC
Alexandria Cellular License Corp.
Provosty, Sadler, Delaunay & Florenza
Smith Advocates LLC.
Rod Noles,CCIM, CPM, CRE
Associate Broker
4615 Parliament Drive, Suite 100
Alexandria, Louisiana 71303
(318) 445-7653
(318) 483-1577
(318) 446-1846
[email protected]
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