R. L. Anderson Jr. Family Limited Partnership and the Anderson Family Company sold $4.5 million worth of property on Airline Highway to MMR Constructors last week. The sale consisted of three parcels, all of which had buildings. Two of the parcels had been owned by MMR in the 1980s. R. L. Anderson purchased the property in the late 1980s and occupied it as ANCO Insulation. Beau Box and Andy Batson with Beau Box Commercial Real Estate helped facilitate the transaction.
The first parcel at 15981 Airline Highway is an office building on 3.5 acres. The two-story office building, which MMR built as their main office in the 1980s, is 23,645 square feet. Anderson was leasing the building to Brock Construction, a scaffolding and insulation company, at the time of sale. This building was in relatively good condition because of a renovation that took place after Hurricane Gustav damaged the property. The rear of the property is open green space that is nicely landscaped with a water feature and covered areas for employee breaks.
The second parcel is office warehouse property on a 3.13-acre site. This property was also once owned by MMR. The site was improved with eight office and warehouse buildings totaling about 43,500 square feet.
The third parcel was originally occupied by Knox Marine and had been leased to Brock. This 3.6-acre site was improved with two buildings that totaled about 27,400 square feet.
MMR owns the adjoining property to the north and intends to expand into the space.
(Appraiser Tom Cook owns Cook Moore and Associates. Reach him at 293-7006 or TCook@cookmoore.com.)
