CLOVERLAND OFFICE/WAREHOUSE SELLS
A 12,000-square-foot building at 11200 Cedar Park Ave., which
included 10,500 square feet of warehouse area and 1,500 square feet
of office space, sold for $465,000, or $38.75 per square foot, in a
deal that closed Aug. 18.
The seller was Khanh Nguyen, who was represented by Scot
Guidry with Mike Falgoust & Associates. The property
had been listed through Louisiana Commercial Database for $599,000;
the building had been marketed for 21 days.
The facility had been occupied by Kim's Millworks and had served
as a carpentry shop for several years. Guidry says the sale
included some carpentry equipment and a significant amount of
inventory, including custom-made doors and shutters. The new owner,
who was not identified, intends to sell the existing inventory and
lease the building.
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