Sean Patrick Closes 100% Leased Retail Center in Kenner, La., for $5,650,000
Ackerman Retail has closed its first retail center sale in Louisiana! Ackerman Retail Senior Vice President Sean Patrick and Southeast Commercial’s Monte Luffey represented BGHA Kenner LLC in the sale of the retail center at 2240 Veterans Memorial Boulevard in Kenner, La., 12 miles west of downtown New Orleans, for $5,650,000 ($759 PSF) at a cap rate of 6.5%.
The 7,440-square-foot retail center is located adjacent to New Orleans International Airport at the busy intersection of Veterans Memorial Boulevard and Williams Boulevard in a dense retail corridor that includes The Home Depot, Walmart, Best Buy, Academy Sports and Starbucks.
The retail center – 100% leased to Dunkin’ Donuts, AT&T and Aspen Dental – was purchased by a private investor based in Baton Rouge, La.
For more information on this sale or available listings, contact:
Sean Patrick | 770.913.3946