‘Real Estate Weekly’: All Star Automotive buys 3 acres to expand Denham Springs dealership

An approximately 3-acre tract of land off Interstate 12 in Denham Springs has been purchased by All Star Automotive Group, which plans to use the land to expand its neighboring Dodge and Ford dealerships. “We just finished an over $1 million remodeling of the Dodge dealership; we’re also going to remodel the Ford dealership, and we need additional parking for vehicle sales,” says Dennis Carlin, All Star Automotive chief operating officer. Carlin says the auto group hopes to have the additional 270 spaces completed by the end of the year. The land sold for approximately $500,000, or $3.83 per square foot, according to Mark Hebert of Kurz & Hebert Commercial Real Estate, who represented the dealership in the sale. Doug Ferris of Re/Max First Commercial represented the seller, Jack Barilleau. Hebert says Barilleau had owned the land since 1978 and at one time had been asking as much as $900,000 for it. “It’s been on the market for a number of years, but at a price that was too prohibitive,” Hebert says. “Unless you’re the end user, it’s really hard to justify the high prices for some of these properties that front the interstate. For All Star, this was a natural fit. This was truly the best use for this property.” Read the rest of the new Real Estate Weekly e-newsletter here. —Steve Sanoski