The Pulse LFT: SLEMCO purchases 4.3 acres

25 Dec The Pulse LFT: SLEMCO purchases 4.3 acres

Posted at 08:05h in Research, The Pulse, The Pulse: Lafayette by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Lafayette.

Commercial Sales Recorded Last Week

2502 S College Rd, Lafayette, LA 70508

Type: Retail
Price: $2,275,000
Buyer: 2502 S COLLEGE LLC
Elifin’s Notes: A Lake Charles-based entity purchases a newly constructed gas station/convenience store property at the corner of South College and Verot School Road

1029 Savoy Rd, Youngsville, LA 70592

Type: Land
Price: $1,150,000 ($6.01 / Land SF)
Buyer: SOUTHWEST LOUISIANA ELECTRIC MEMBERSHIP CORPORATION
Elifin’s Notes: SLEMCO purchases 4.3+ acres of land, which includes a single family residence, on Savoy Road near the Youngsville Sports Complex

1003 S Hugh Wallis Rd, Lafayette, LA 70508

Type: Office
Price: $701,865 ($135.00 / SF)
Buyer: CYPRESS ENERGY PROPERTIES LLC
Elifin’s Notes: Cypress Energy Corp purchases an office condominium unit within The Gardens Office Condo Complex

602 Hector Connoly Rd, Carencro, LA 70520

Type: Industrial
Price: $650,000 ($104.00 / SF)
Buyer: MORGAN, CHRIS D; MORGAN, MARY DEBORAH
Elifin’s Notes: A pair of local investors purchase a light industrial office/warehouse property in Carencro

403 Fox Run Ave, Lafayette, LA 70508, Lafayette, LA 70508

Type: Multifamily
Price: $525,000 ($75,000 / Unit)
Buyer: LEE, DAVID CAMERON; LEE, LAVINIA
Elifin’s Notes: A pair of California-based investors purchase a fourplex and a triplex in a neighborhood off of the intersection between Board Road and West Pinhook

4432 Johnston St, Lafayette, LA 70503

Type: Retail
Price: $500,000 ($127.81 / SF)
Buyer: BHARDWAJ, JATINDER
Elifin’s Notes: A local investor purchases a two unit retail property along Johnston Street near Guilbeau Road

200 Albertson Pkwy, Broussard, LA 70518

Type: Land
Price: $300,000 ($1.33 / Land SF)
Buyer: LEGENDARY CONTRACTORS LLC
Elifin’s Notes: A pair of local investors purchase 5.1+ acres of vacant land near the intersection of Albertson Parkway and the Youngsville Highway

120 Toledo Dr, Lafayette, LA 70506

Type: Industrial
Price: $225,000 ($45.00 / SF)
Buyer: HAMCO VENTURES LLC
Elifin’s Notes: A local investor purchases a light industrial property on Toledo Drive off of Bertrand Drive

100 Conrad St, Lafayette, LA 70501

Type: Land
Price: $110,000 ($3.27 / Land SF)
Buyer: TLC PROPERTIES LLC
Elifin’s Notes: A subsidiary of Lamar Advertising purchases a 0.7+ acre parcel of vacant commercial land at the Southwest corner of the intersection of I-10 and I-49

Commercial Permits Issued Last Week

#REF! #REF!

Address	Type / Value	Description	Owner / Applicant / Contractor
201 JEFFERSON ST #A	Sign – Wall Sign (C) $4,000.00	Demo Only Reonvation under 2023-5434	[O] N/A [C] Gleason Ledet Construction LLC
2602 AMBASSADOR CAFFERY PKWY	Demo (C) $19,500.00
1350 N SAINT ANTOINE ST	Demo (C) $10,000.00	COMM DEMO/ VEGATATION AND OLD BUILDINGS	[O] ERIC SINGLETON [C] OWNER, ERIC SINGLETON
1350 N SAINT ANTOINE ST	Demo (C) $10,000.00	COMM DEMO/ VEGATATION AND OLD BUILDINGS	[O] ERIC SINGLETON [C] OWNER, ERIC SINGLETON
110 N PAT ST	Addition / Alteration / Repair (C) $0.00	Renovation of 1190 s.f. of existing office area.	[O] N/A [C] N/A
350 MICHAEL ANN DR	Addition / Alteration / Repair (C) $0.00	THE SCOPE OF THIS PROJECT INCLUDES UPGRADES TO THE EXISTING TRAINING FACILITY AND FIRING RANGE AT MICHAEL ANN DRIVE. THE CURRENT TRAINING BUILDING WILL BE DEMOLISHED, AND A NEW, TWO-STORY FACILITY WILL BE CONSTRUCTED, INCLUDING TWO CLASSROOMS, A BULLPEN AREA, WORKROOM, ARMORY, MAGAZINE, AND A KITCHEN. ADDITIONAL FIRING LANES WILL BE PROVIDED ON THE SITE AND TARGETING/BULLET TRAP EQUIPMENT WILL BE UPGRADED WITH NEWER TECHNOLOGY. THE EXISTING EARTHEN BERM WILL BE RELOCATED ON THE PROPERTY TO CREATE A LONG-DISTANCE FIRING LANE. AS THIS PROPERTY IS IN A ZONE PRONE TO FLOODING, SPECIAL FLOOD PROTECTION AND WATER-PROOFING STRATEGIES WILL BE IMPLEMENTED IN THE DESIGN OF THIS PROJECT.	[O] N/A [C] N/A
2602 AMBASSADOR CAFFERY PKWY	Addition / Alteration / Repair (C) $0.00	Build new walls to configure office, bathroom, showroom, and conference room.	[O] N/A [C] N/A
100 Belle Fontaine Apt 101	Addition / Alteration / Repair (C) $0.00	apt balcony repair for apt 101,102,201,202	[O] Park Place Apts [C] N/A
1214 COOLIDGE ST	Addition / Alteration / Repair (C) $0.00	a reconfiguration of 1 patient room and the addition of a pair of double doors to control ingress to the area	[O] N/A [C] N/A
309 SETTLERS TRACE BLVD	Addition / Alteration / Repair (C) $0.00	Shell building tenant space build-out	[O] N/A [C] N/A
1510 KALISTE SALOOM RD	Commercial New Construction $0.00	4 buildings, 6 units each. Townhouses	[O] N/A [C] MANUEL COMMERCIAL, LLC
1510 KALISTE SALOOM RD	Commercial New Construction $0.00	4 buildings, 6 units each. Townhouses	[O] N/A [C] MANUEL COMMERCIAL, LLC
1510 KALISTE SALOOM RD	Commercial New Construction $0.00	4 buildings, 6 units each. Townhouses	[O] N/A [C] MANUEL COMMERCIAL, LLC
1510 KALISTE SALOOM RD	Commercial New Construction $0.00	4 buildings, 6 units each. Townhouses	[O] N/A [C] MANUEL COMMERCIAL, LLC
1281 Girard Park Cir	Commercial New Construction $0.00	Flock Safety (case 00493167) and the University of Louisiana Lafayette Campus Police Department are seeking permission to place one (1) solar-powered automatic license plate reader (ALPR) camera in the Lafayette right-of-way.	[O] N/A [C] N/A
852 LA 1252 #A	Electrical Standalone (C) $0.00	power supply cabinet	[O] N/A [C] HI TECH ELECTRICAL SERVICES LLC, TROY SEAUX
1400 S ORANGE ST	Electrical Standalone (C) $0.00	Replace main gear and multiple sub-panels at Paul Breaux Middle School. Add one new 400A service. No new circuits needed, re-using all existing circuits.	[O] N/A [C] N/A
117 AMHURST RD #W	Electrical Standalone (C) $0.00	Install 200amp 240v Meter Pole. Connect 4 lights and 2 small motors	[O] N/A [C] N/A
3211 LOUISIANA AVE	Plumbing Standalone (C) $0.00	Gas leak #108	[O] N/A [C] Accurate Plumbing and Drain Cleaning L.L.C., JOSHUA ODOM
4533 JOHNSTON ST	Plumbing Standalone (C) $0.00	Water service for 5 irrigation meters. All fees paid on this permit see attached permits for 4 additional permit numbers and addresses	[O] N/A [C] Architects’ Design Studio, Alejandro Luna
4533 JOHNSTON ST	Plumbing Standalone (C) $0.00	Water service for 5 irrigation meters. All fees paid on this permit see attached permits for 4 additional permit numbers and addresses	[O] N/A [C] Construction Site Specializes LLC, James Cloteaux
1600 CAMELLIA BLVD	Plumbing Standalone (C) $0.00	Installed and tested back flow. Meter# W2001792	[O] N/A [C] COLVILLE PLUMBING & HEATING INC, DOUGLAS STUTES
848 SAINT JOHN ST	Plumbing Standalone (C) $0.00	BACKFLOW	[O] N/A [C] Aca Mechanical/Industrial, L.L.C., DARRELL MCWATERS
4533 JOHNSTON ST	Plumbing Standalone (C) $0.00	Irrigation 5 ADDRESS IS 5-I	[O] N/A [C] CONSTRUCTION SITE SPECIALTIES, JEREMY BREAUX
4533 JOHNSTON ST	Plumbing Standalone (C) $0.00	Irrigation 4 4-I	[O] N/A [C] CONSTRUCTION SITE SPECIALTIES, JEREMY BREAUX
4533 JOHNSTON ST	Plumbing Standalone (C) $0.00	Irrigation 2	[O] N/A [C] CONSTRUCTION SITE SPECIALTIES, JEREMY BREAUX
4533 JOHNSTON ST	Plumbing Standalone (C) $0.00	Irrigation 3 I-2	[O] N/A [C] CONSTRUCTION SITE SPECIALTIES, JEREMY BREAUX
4533 JOHNSTON ST	Plumbing Standalone (C) $0.00	Irrigation 1 I-1	[O] N/A [C] CONSTRUCTION SITE SPECIALTIES, JEREMY BREAUX
4533 JOHNSTON ST	Plumbing Standalone (C) $0.00	N/A	[O] N/A [C] Construction Site Specializes LLC, James Cloteaux
4533 JOHNSTON ST	Plumbing Standalone (C) $0.00	N/A	[O] N/A [C] Construction Site Specializes LLC, James Cloteaux
4533 JOHNSTON ST	Plumbing Standalone (C) $0.00	N/A	[O] N/A [C] Construction Site Specializes LLC, James Cloteaux
4533 JOHNSTON ST	Plumbing Standalone (C) $0.00	N/A	[O] N/A [C] Construction Site Specializes LLC, James Cloteaux
1512 AMBASSADOR CAFFERY PKWY	Sign – Freestanding (C) $0.00	N/A	[O] N/A [C] N/A
3329 W PINHOOK RD	Sign – Wall Sign (C) $0.00	N/A	[O] N/A [C] N/A

Sale records included based on the following parameters: Building and commercial land sales with a sales price that is either withheld or greater than or equal to $100,000. Multifamily sales greater than or equal to 5 units. Sale must be an arm’s length transaction (between unrelated parties). Best efforts are made to provide complete and reliable information, but accuracy is not guaranteed and the reader bears the responsibility to verify the accuracy of such information prior to forwarding it, utilizing it, or relying on it in any way.

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