DOWNLOAD FULL REPORT (PDF) Through Q1 2022, the commercial sales market in EBR Parish continues to transact above historical averages in number of sales (118) and dollar volume transacted ($219.6mm). Most sectors of the sales market have seen increases in activity. Multifamily continues to outpace the rest, accounting for 38% of the total volume transacted in Q1 2022 ($84.5mm). Multifamily and Retail are...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 9817 Bluebonnet Blvd Price: $1,910,000 ($389 / SF) Buyer: United Community Bank Elifin's Notes: United Community Bank purchases Capital One bank branch on Bluebonnet Blvd near the Burbank Dr intersection. 7700 Perkins Rd Price: $1,833,000 ($193 / SF) Buyer: GoLeaux LLC Elifin's Notes: Its My Party location on Perkins Rd sells. 1112 Church...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 12627 Jefferson Hwy Price: $1,500,000 ($122 / SF) Buyer: JKSC Holdings LLC Elifin's Notes: Majestic Medical Supplies purchases Jefferson Hwy property between Airline Hwy and Stumberg Lane. 2834 S Sherwood Forest Blvd, Suites B12, B13 Price: $135,000 ($55 / SF) Buyer: SKB Investments LLC Elifin's Notes: Two retail suites sell in the...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 9257 Florida Blvd Price: $1,650,000 ($21 / SF) Buyer: 9257 Monterrey Plaza LLC Elifin's Notes: Local developer purchases shopping center on the corner of Florida Blvd and Monterrey Dr near the forthcoming Amazon fulfillment center. 8967 Jefferson Hwy Price: $5,312,000 ($1,022 / SF) Buyer: Lovango Too LLC Elifin's Notes: California-based investor purchases...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 6680 Hanks Drive Price: $500,000 ($25,000 / Unit) Buyer: P&A Properties LLC Elifin's Notes: Lafayette-based investor purchases Kean Place Apartments, a 20 unit complex located just off of Airline Hwy. 3278 Ivanhoe St Price: $370,000 ($123,333 / Unit) Buyer: BAYOU BEACH PROPERTIES LLC Elifin's Notes: Investor purchases triplex near the LSU campus. 14635...
DOWNLOAD FULL REPORT (PDF) As the Multifamily sector continues to see increased activity, the commercial market as a whole is up 29% in number of transactions and up 50% in total volume compared to 7-year averages. There have been a total of 73 commercial sales recorded so far in 2022, compared to 75 at this time in 2021. However, at...
DOWNLOAD FULL REPORT (PDF) After a record year for commercial sales in 2021, the first month of 2022 has already outpaced previous years’ January figures in total dollar volume transacted with $92.3mm – largely driven by the Multifamily sector. While the average price per unit in Multifamily for January 2022 is lower than 2020 and 2021, the dollar volume transacted...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 2022 North Lobdell Boulevard Price: Withheld Buyer: AB Aspen Apartments Owner LLC Elifin's Notes: Miami-based investors purchase the Aspen Apartments, a 117 unit apartment complex off Lobdell Blvd. Price withheld. 9449 Hampton Way Price: $461,000 ($57,625 / Unit) Buyer: Paige Holdings LLC Elifin's Notes: Florida-based investor purchases 8 unit apartment complex just...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 5955 Airline Hwy Price: $6,115,000 ($415 / SF) Buyer: Exchangeright Net-Leased Portfolio 54 DST Elifin's Notes: California-based investor purchases Walgreens on the corner of Airline Hwy and Greenwell St. 6254 Florida Blvd Price: $1,120,000 ($79 / SF) Buyer: RR Company of America LLC Elifin's Notes: Retail strip center sells on the corner...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 6725, 6745, 6875, 6911, 6971, 7055 Siegen Lane Price: Withheld Buyer: Siegen Plaza Retail Associates LLC Elifin's Notes: Fidelis, a Texas-based real estate investment firm, purchases Siegen Lane shopping center with Olive Garden, Chick-fil-a, Ross, Petco, and Home Goods as tenants. Price withheld. 5909 Bluebonnet Blvd Price: $5,075,000 ($157 /...