Overall Dollar Volume is down 7.41% The trailing 12 month total dollar volume of sales was $505.3M at the end of May 2024 vs. $545.8M at the end of the prior month. Overall Deal Velocity is down 3.78% The trailing 12 month sale count was 382 at the end of May 2024 vs. 397 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/06/Market-Report-Baton-Rouge-LA-May-2024.pdf" attachment_id="11836"...
Overall Dollar Volume is steady. The trailing 12 month total dollar volume of sales was $368.5M at the end of May 2024. Overall Deal Velocity is down 2.61% The trailing 12 month sale count was 336 at the end of May 2024 vs. 345 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/06/Market-Report-Lafayette-LA-May-2024.pdf" attachment_id="11835" viewer_width=100% viewer_height=800px fullscreen=true download=true print=true]...
A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 3328 Ambassador Caffery Pkwy, Lafayette, LA 70506 Type: Retail Price: $1,150,000 ($547.62 / SF) Buyer: 3328 AMBASSADOR CAFFERY LLC Elifin's Notes: The KFC fast food retail property sells near the intersection of Ambassador Caffery Parkway & Johnston Street 1207 N University Ave, Lafayette, LA 70506 Type: Office Price: $460,000 ($139.39 / SF) Buyer: DUPONT...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 10500 Hayne Blvd, New Orleans, LA 70127 Type: Multifamily Price: $9,325,000 ($70,644 / Unit) Buyer: Haltere Fund VI, LLC Elifin's Notes: The Haltere Group, a California-based investment firm, purchases the Arbors on the Lake apartment complex 3035 Earhart Blvd, New Orleans, LA 70125 Type: Industrial Price: $7,000,000 ($143.78 / SF) Buyer: CITY OF...
A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 150 Mayflower St, Baton Rouge, LA 70802 Type: Retail Price: $1,466,000 ($139.62 / SF) Buyer: GLP Capital, LP Elifin's Notes: Gaming & Leisure Properties purchase building in the Belle of Baton Rouge complex downtown. 8220 Goodwood Blvd, Baton Rouge, LA 70806 Type: Office Price: $685,000 ($57.42 / SF) Buyer: Louisiana Organization...
A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 200 Southcity Pkwy, Lafayette, LA 70503 Type: Specialty Price: $1,827,829 ($146.46 / SF) Buyer: PATHWAY CHURCH INC Elifin's Notes: Pathway Church Inc. purchases the specialty property which they occupy along Southcity Parkway 100 Cheyenne Dr, Scott, LA 70583 Type: Multifamily Price: $1,089,000 ($60,500 / Unit) Buyer: CASTLE ROW LLC Elifin's Notes: An 18-unit, all 2BR/1BA...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1315 Southlawn Blvd, New Orleans, LA 70114 Type: Multifamily Price: $4,100,000 ($53,947 / Unit) Buyer: PG REALTY PRO LLC Elifin's Notes: Local entrepreneur purchases the Gilmore Park Apartments near Delgado Community College on the West Bank 5212 South Claiborne Ave, New Orleans, LA 70115 Type: Specialty Price: $1,920,000 ($136.32 / SF) Buyer: CHURCH...
A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 6014, 6124 Copperhead Rd, Geismar, LA 70734 Type: Industrial Price: $4,200,000 ($148.94 / SF) Buyer: Casso Enterprises LLC Elifin's Notes: In one of two purchases this past week, Casso Enterprises LLC purchases two non-adjacent properties within the Copperhead Industrial area in Geismar 6087, 6091 Copperhead Rd, Geismar, LA...
A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 1001 E Saint Mary Blvd 725 Coolidge St, Lafayette, LA 70503 Type: Office Price: $630,000 ($58.70 / SF) Buyer: VALE REAL ESTATE INVESTMENTS LLC Elifin's Notes: A mult-tenant office building sells in the Oil Center at the Corner of Coolidge Street and East Saint Mary Boulevard 623 Albertson Pkwy 404, 408 Kelsea Drive,...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3216, 3304 W Esplanade Ave, Metairie, LA 70002 Type: Retail Price: $2,800,000 ($170.94 / SF) Buyer: 3216 3304 WEST ESPLANADE LLC Elifin's Notes: The Petite Esplanade Shopping Center changes hands in Metairie 2717 Massachusetts Avenue, Metairie, LA 70003 Type: Land Price: $775,000 ($31.77 / Land SF) Buyer: GMB PROPERTIES 8900 VETERANS LLC Elifin's Notes:...