06/05/2020
Want to know what new businesses are coming to Alexandria? What's going on with the housing market? Listen to the 970ksyl Economic Update with Matt Ritchie (Ritchie Real Estate LLC) and stay in the know.
Here are his notes from this week's show:
Total Transactions for the above time period $ 13,245,328.97
Kudos to Rich Dupree, chief of staff for Pineville Mayor Clarence Fields, for helping me with an inside the city, outside the city limits issue yesterday.
I own a 5.8-acre tract of land next door to Super-1 Foods in Kings Country…what would you like to see built or developed there?
FAST FOOD FACTS:
The average American spends $1,200 on fast food annually
If you include all takeout, the average household spends $3,008 annually.
American’s collectively spends 200 Billion on fast food annually.
Out of adults, 23% eat three or more fast food meals every week
About 34% of children ages 2-18 consume fast every day.
McDonald’s still #1 with no other franchise even close, the next one could double their sales and no be close.
Chick fil a does the most per store of any franchise (and they're closed on Sundays), is there a correlation, I personally believe their faith and integrity of sticking to that business model is the reason they are so blessed.
Has anyone been to Fat Pat’s? Dan Aherns did a great job redeveloping that corner lot and it looks great, but I would like public feedback on the food.
Investment Property Sales
The Watson Network, LLC (2002 Marigold St., Alex., LA 71301) to Danny R & Lakesha A Holmes (2003 Mohan St., Alex., LA 71301) - Lot 7, Sq 4, S A Guy Addn., $25,000.00
Cenla Property Development, LLC (1000 Chinaberry Dr., Suite 200, Bossier City, LA 71111) to Lewis Lauve (1034 Hidden Ridge, Woodworth, LA 71485) - Units 144A & 144B, Windermere Court Complex, $360,000.00 (This is 2 commercial spaces )
Bakies Properties, LLC (2910 N Bolton Ave., Alex., LA 71303) to Jared F & Elizabeth F Bakies (140 Fanfare Ln, Lafayette, LA 70507) - Lot 13, Sq 16, S A Guy Addn. and 5 other tracts (1828 & 1830 Rensselaer St., Alex., LA 71301), $204,000.00
Largest Deal
GWWT, LLC (P O Box 8439, Alex., LA 71306) to SRG LA Property, LLC (P O Box 13525, Alex., LA 71315) - Part of 2.501-acre tract in Sec 10, T4NR1W (2040 Industrial Park Rd, Alex., LA 71303), $704,117.00 (Former Grant Shelton Worldwide Tire Office/Warehouse)
Timber Deeds
Weldon A & Virginia D Nipper (14 Columbia Road 525, Magnolia, AR 71753) to Broadway Forest Products, Inc. (25679 Hwy. 171, Many, LA 71449) - 80-acre tract in Sec 27, T1NR2W, $83,811.00
George T & Patricia L Busby (P O Box 1680, Glen St. Mary, FL 32040) to Good Hope, Inc. (P O Box 614, Natchez, MS 39121) - 9-acre tract in Sec 10, T6NR2W, Grant Parish, $25,112.00
Vernon L Busby (1650 West Seldon way, Phoenix, AZ 85021) to Good Hope, Inc. (P O Box 614, Natchez, MS 39121) - 110-acre tract in Sec 11, T6NR2W, et al, Grant Parish, $280,388.00
Land Sales
Ronald C Ransbottom, et al (805 Tanglewood Dr., Alex., LA 71303) to Rodney V & Marilyn B Noles (4615 Parliament Dr., Suite 101, Alex., LA 71303) - 6.07-acre tract in Sec 45 & 46, T3NR1W, et al (? Random Dr., Alex., LA 71302), $11,375.00 (Less than $2,000 an acre…looks like the waterfront, Rod call in and tell us what you plan to do with this tract)
Lot Sales
J-Dimm Group, LLC to Joe C Phoenix, III & Franchesca C Phoenix (671 Goodacre, Pineville, LA 71360) - Lot 25, Cedar Ridge Subd., $46,000.00
Johnny Porter and Son Contractors, Inc. (42 Philadelphia Road, Pineville, LA 71360) to Rhodes Properties and Development, LLC (P O Box 7062, Natchitoches, LA 71457) - Lots 70, 71 & 72, Walden point Subd., Phase II, $120,000.00
Pecan Bayou Development, LLC (1223 MacArthur Dr., Alex., LA 71303) to Shane Dauzat Construction, LLC (5854 Twin Bridges Road, Alex., LA 71303) - Lot 41, Pecan Bayou Subd., Phase 2 (5910 Marthas Dr., Alex., LA 71303), $54,500.00
New Construction Sales
Rhodes Properties & Development, LLC (P O Box 7062, Natchitoches, LA 71457) to Forday & L'Darius Taylor (2423 Madeline St., Alex., LA 71301) - Lot 9, Sq 112, Poplar Grove Addn. (2423 Madeline St., Alex., LA 71301), $125,000.00
Rhodes Properties & Development, LLC (404 Rapides Dr., Natchitoches, LA 71457) to Jeremy & Kandi Dicus (4532 Hathern Dr., Pineville, LA 71360) - lot 61, Walden Point Subd., Phase II, $257,230.00
Commercial Sales
Samuel A & Casey D Knotts (50 Bass Road, Pineville, LA 71360) to Devon's Body Shop, LLC (670 Philadelphia Road, Deville, LA 71328) - Part of .821 & .119 acre tracts in Sec 3, T4NR1E (4917 Hwy. 28 East, Pineville, LA 71360), $231,500.00 (This is the metal building body shop on the left just before the entrance of Village Green Subdivision)
Jimmie D & Peggy I DeRamus (2417 Lee St., Alex., LA 71301) to AAA BADWAN, LLC (4803 Lee St., Alex., LA 71301) - Lot 7, Prescott Place Subd., $250,000.00 ( This is a 1.22-acre lot on Horseshoe Drive, which will be the new “corner “ on the new roundabout at end of Jackson St Extension)
Tammie M Gossett & Joe B Gossett, Jr. (5617 Penelope St., Alex., LA 71303) to AAA BADWAN, LLC (4803 Lee St., Alex., LA 71301) - Lots 12 & 13, Willow Wood Place (4823 Lee St., Alex., LA 71301), $180,000.00 (Custom Marine across from Bingo Hall on the end of Lee St)
JD Durand (337 Hwy. 3130, Pollock, LA 71467) to AAA BADWAN, LLC (4803 Lee St., Alex., LA 71301) - Lots 14 & 15 & part of 16, Willow Wood Place, $150,000.00 (Extreme Wheels & Tires across from the Bingo Hall on the end of Lee St, former transmission shop)
GWWT, LLC (P O Box 8439, Alex., LA 71306) to SRG LA Property, LLC (P O Box 13525, Alex., LA 71315) - Part of 2.501-acre tract in Sec 10, T4NR1W (2040 Industrial Park Rd, Alex., LA 71303), $704,117.00 (Former Grant Shelton Worldwide Tire Office/Warehouse)
Northport Investments, LLC (5796 Gene Ball Dr., Alex., LA 71302) to SRG LA Property, LLC (P O Box 13525, Alex., LA 71315) - Part of 6.325-acre tract in Sec 14, T4NR1W (2060 Industrial Park Rd, Alex., LA 71303), $209,840.72 (Approx. 2.5-acre tract adjacent next to the warehouse they just purchased)
Commercial Leases
05/28/2020 2141/183 1666793 Coast to Coast Property to Soltan Mart, Inc. - Tract known as 1610 Melrose St., Pineville, LA 71310 for 5 years @ $2,000 monthly (store on the corner of Melrose St & Bragg St)
Commercial Contracts
City of Alex. (625 Murray St., Suite 5, Alex., LA 71301) to Rylee Contracting, Inc. (P O Box 13267, Alex., LA 71315) - Thomasina Street Ditch Enclosure, $504,713.50
LA DOTD to Siema Construction, LLC - LA 3144/Susek Dr. Roundabout, $1,067,675.69
Foreclosure Sales
RMAC Trust (15480 Laguna Canyon Rd # 100, Irvine, CA 92618) to King Property & Development, LLC (342 Fendler Parkway, Pineville, LA 71360) - Lot 152, Village Green Subd., 2nd filing (342 Fendler Parkway, Pineville, LA 71360), $102,500.00
Fannie Mae to Austin LaBorde (1225 Hwy. 1207, Deville, LA 71328) - 2-acre tract in Sec 14, T4NR2E, $78,003.00
Estate of Gloria A Lazard to Virgil Whittington (501 10th St., Glenmora, LA 71433) - Lots 8-10, Sq 5 E. of 10th St. (501 10th St., Glenmora, LA 71433)
HSBC Bank USA, et al (1 Mortgage Way, Mt. Laurel, NJ 08054) to Joey & Nikki Powell (135 Pinehill Road, Pineville, LA 71360) - 1.13-acre tract in Sec 29, T5NR1E (6900 Esler Field Road, Pineville, LA 71360), $59,000.00
Fannie Mae to David A Galloway (115 Christine Dr., Boyce, LA 71409) - Lot 49, Bayou Grosse Park Subd. (125 Moss Point Dr., Boyce, LA 71409), $29,750.00
Selene Finance, LP (9990 Richmond Ave., Suite 400, Houston, TX 77042) to Federal Home Loan Mtg. Corp. (5000 Plano Parkway, Carrollton, TX 75010) - Lot 11, Blk 5, Petrus Heights Subd. (3007 Stimson Ave., Alex., LA 71301), $92,328.25
Listing of the Week
1140 Expressway Drive, Pineville, Louisiana
$5.50/SF Lease Rate
The former GCR & Southern Tire Mart facility is strategically located on the Pineville Expressway with a 12,000 SF warehouse building with 16 ft eave height and 18 ft center ceiling height, loading well and a 1,600 SF office. This location has some of the best traffic counts of any building like it in Cenla.
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