MIKE FALGOUST & ASSOCIATES COMMERCIAL REAL ESTATE

DENHAM SPRINGS RESTAURANT IS SOLD

The former Sharp's Restaurant location at 112 S. Range Ave. in Denham Springs sold for $180,000 in a deal that closed Feb. 23. The property had been offered at $450,000. According to court records, the buyer was Hima Bindu Yalamanchili, and the seller was First American Bank & Trust. Justin Langlois, Randy Herring and Mike Falgoust with Mike Falgoust & Associates brokered the transaction. The sale price includes all furniture and fixtures. The building is 4,524 square feet and is located on an 11,300-square-foot site near the city's antique village; the per-square-foot price is a little less than $40. This was a bank-owned distressed property, Langlois says, and the buyer had to close within a matter of days and with cash.

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