Research

20 Mar Market Report – New Orleans, LA – February 2024

Posted at 09:39h in Insights, Market Report: New Orleans, Research by ELIFIN® 0 Comments

Overall Dollar Volume is up 1.79% The trailing 12 month total dollar volume of sales was $682.1M at the end of Feb 2024 vs. $670.1M at the end of the prior month. Overall Deal Velocity is steady The trailing 12 month sale count was 403 at the end of Feb 2024. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/03/Market-Report-New-Orleans-LA-February-2024.pdf" attachment_id="10903" viewer_width=100% viewer_height=800px fullscreen=true download=true print=true]...

20 Mar Market Report – Baton Rouge, LA – February 2024

Posted at 09:37h in Insights, Market Report: Baton Rouge, Research by ELIFIN® 0 Comments

Overall Dollar Volume is up 3.62% The trailing 12 month total dollar volume of sales was $610.9M at the end of Feb 2024 vs. $589.6M at the end of the prior month. Overall Deal Velocity is up 0.48% The trailing 12 month sale count was 415 at the end of Feb 2024 vs. 413 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/03/Market-Report-Baton-Rouge-LA-February-2024.pdf" attachment_id="10901"...

18 Mar The Pulse LFT: Mixed-use property along Camellia Blvd sells for 2.5mm

Posted at 09:32h 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 1003 Camellia Blvd, Lafayette, LA 70508 Type: Mixed-Use Price: $2,475,000 ($253.12 / SF) Buyer: MD4 PROPERTIES LLC Elifin's Notes: A pair of Youngsville-based investors purchase a newly constructed commercial property with two office suites on the first floor and two residential 3BR/3BA units on the second floor 804 East Saint Mary...

18 Mar The Pulse BR: Hotel developers purchase land off Corporate Blvd

Posted at 09:17h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 9522 Brookline Ave, Baton Rouge, LA 70809 Type: Office Price: $1,650,000 ($89.75 / SF) Buyer: 9522 Brookline LLC Elifin's Notes: Local investor purchases Brookline Ave office building off Drusilla Lane. Tract B-2-A-1-A-2-B-3 West Lee Dr, Baton Rouge, LA 70820 Type: Land Price: $1,525,000 ($28.70 / Land SF) Buyer: Tasty Delites Southeast...

18 Mar The Pulse NOLA: Excelth purchases their location in Algiers

Posted at 09:15h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4422 General Meyer Ave, New Orleans, LA 70131 Type: Healthcare Price: $1,325,000 ($39.18 / SF) Buyer: EXCELTH INC Elifin's Notes: Excelth, a primary health care company, purchases their location in Algiers adjacent to Edna Karr High School 809 Behrman Highway, Terrytown, LA 70056 Type: Retail Price: $1,150,000 ($115.00 / SF) Buyer: 809 BEHRMAN...

11 Mar The Pulse LFT: Three Wendy’s locations sold last week

Posted at 09:31h 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 3144 Ambassador Caffery Pkwy, Lafayette, LA 70506 Type: Retail Price: $2,272,549 ($766.98 / SF) Buyer: WENDYS PROPERTIES LLC Elifin's Notes: The Wendy's main office acquire one of their franchise properties in front of the Wal-Mart on Ambassador Caffery Parkway 3510 West Pinhook Rd, Lafayette, LA 70508 Type: Retail Price: $2,045,071 ($681.69 / SF) Buyer:...

11 Mar The Pulse NOLA: Caluda’s Cottage Catering purchases their Elmwood location

Posted at 09:12h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1332 Esplanade Ave, New Orleans, LA 70116 Type: Multifamily Price: $1,125,000 ($187,500 / Unit) Buyer: 1332 ESPLANADE AVE LLC Elifin's Notes: A 6-unit multifamily property changes hands in Tremé 1536 River Oaks Rd W, New Orleans, LA 70123 Type: Industrial Price: $965,000 ($112.21 / SF) Buyer: COFFEE COTTAGE INC Elifin's Notes: Caluda's Cottage Catering...

11 Mar The Pulse BR: Multi-building retail property sells in Prairieville

Posted at 09:09h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 17340, 17346, 17354 Airline Hwy, Prairieville, LA 70769 Type: Retail Price: $820,000 ($88.79 / SF) Buyer: Lap Nguyen LLC Elifin's Notes: A three building retail property, anchored by the Fat Cat Saloon, sells along Airline Highway in Prairieville 3060 Valley Creek Dr, Baton Rouge, LA 70808 Type: Office Price: $500,000...

04 Mar The Pulse LFT: Development company buys land on Verot School Rd

Posted at 09:30h 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 2880 Verot School Rd, Lafayette, LA 70508 Type: Land Price: $3,000,000 ($3.36 / Land SF) Buyer: MONTROSE DEVELOPMENT COMPANY LLC Elifin's Notes: The Montrose Development Company purchases 20.5+ acres of vacant land at the corner of Vincent Road and Verot School Road 300 Heymann Blvd, 201 Travis St, Lafayette, LA 70503 Type:...

04 Mar The Pulse NOLA: St. Claude convenience store sells for 1.8mm

Posted at 09:23h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3200 Saint Claude Ave, New Orleans, LA 70117 Type: Retail Price: $1,800,000 ($473.68 / SF) Buyer: ADAM AND MOE LLC Elifin's Notes: Gretna-based investor purchases a convenience store property with a parking lot sitting along Saint Claude Avenue next to the other property he bought this past week 2218 Poydras...