SRSA Real Estate, in partnership with Faris Lee Investments, a leading retail advisory and investment sales firm, has successfully completed the sale of a single tenant net leased AutoZone on 4630 Veterans Memorial Boulevard in Metairie, Louisiana. The transaction of the 14,165 SF building on the 38,612 SF lot was led by SRSA Commercial Real Estate's Partner / Director of Retail Kirsten Early and Faris Lee Investments' Senior Managing Director Scott DeYoung, Managing Principal Jeff Conover, and Director Greg Lukosky, who collectively represented the Seller in the transaction. The transaction closed at $4.55M with an institutional buyer.
The advisory team utilized SRSA Commercial Real Estate's deep market experience within the state of Louisiana and Faris Lee's proprietary database to secure a successful outcome. By positioning the property's strengths to a targeted pool of investors, the team successfully navigated a competitive pricing environment to meet ownership's objectives.
"By combining local market saturation with our national investor reach, we were able to deliver transaction certainty and strong results for our client. Our team with Faris Lee has closed north of $100M in investment sales as a team over the past several years. Having previously handled the lease for this AutoZone location, I had a strong understanding of the asset coming into this assignment, which made our partnership with Faris Lee that much more effective," said Kirsten Early of SRSA Commercial Real Estate. "Our team's extensive track record in the Louisiana market allowed us to identify the right buyer profile for the asset," said Scott DeYoung.
About Faris Lee Investments: Faris Lee Investments is one of the nation’s leading retail investment advisory firms, and among the first to operate under a unified, team-oriented platform. The company combines advanced underwriting, market research, and creative marketing strategies designed to maximize client value. Faris Lee provides advisory services across dispositions, acquisitions, recapitalizations, distressed asset resolutions, portfolio sales, and corporate sale-leaseback transactions.
For more information, visit www.farislee.com
About SRSA Commercial Real Estate: SRSA Real Estate provides comprehensive commercial and investment sales services across Louisiana, Mississippi, Alabama, and Florida, with residential and property and facilities management serving the Greater New Orleans area. The company specializes in connecting businesses with prime locations, helping property owners maximize their investments, and supporting clients in all aspects of real estate growth and management.
For more information, visit https://www.srsa-realestate.com/
