Congratulations are in order for SVNGLL Managing Director Justin Langlois, CCIM on his recent commercial real estate sale. Below is a summary of the deal points:
- Address: 43109 Hwy. 42, Prairieville, LA 70769
- Month Closed: May, 2016
- Acreage: 52.15
- Transaction Value: $1,435,840
Vacant land site located on Hwy. 42 in Prairieville, Louisiana sold to residential subdivision developer.
The Unique Situation
Challenging sale involving several property owners, various heirs, and the assemblage of multiple tracts of vacant land and improved property. Lots of legwork involved throughout the twelve month process of getting the deal under contract to closing Act of Sale.
Future Development Plans for Property
Plans are for a 154-lot, single-family residential subdivision.
If you or someone you know is in the market to buy or sell commercial real estate in Baton Rouge and surrounding areas, give Justin a shout at [email protected] and he can help create value for you too.