Cleeman Realty Group, is pleased to announce the sale of a prime shopping center located at 1841 Almonaster Avenue in the vibrant city of New Orleans. The property, anchored by Save A Lot and CitiTrends, was sold for $2,250,000 in an off-market transaction.
The shopping center of 40,596 square feet on 2.06 acres of prime real estate, has been a cornerstone of the community for many years. The previous owners family had owned the property for the past 50 years
“The buyer’s interest in this exceptional property was driven by its strategic infill location, additionally, the prospect of unlocking substantial value through the leasing of approximately 11,000 square feet of vacant space further fueled the enthusiasm for this investment” said Cleeman
For more information about this transaction or Cleeman Realty Group and their services, please contact a team member.
Cleeman Realty Group is a full-service real estate advisory and investment group, specializing in the investment sales of retail properties throughout the United States. The Cleeman team utilizes deeply rooted industry contacts to identify and evaluate off-market transactions with unparalleled efficiency. To sell your property or to inquire about our available acquisition opportunities, please contact one of our team members at www.cleeman.com