A weekly update on the commercial real estate landscape of Baton Rouge. Upcoming Planning Commission Cases The Village at Magnolia Woods Submitted 3/3/23 by Matt Estopinal. Proposed rezone from Single Family Residential (A1) to Planned Unit Development (PUD) for a proposed mixed use development with low and medium density residential and commercial/office uses on property located on the north side of Highland...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 735 Elysian Fields Ave Type: Retail Price: $1,660,000 ($370 / SF) Buyer: MDC ASSOCIATES L L C Elifin's Notes: Local investor purchases retail property along Elysian Fields Avenue in the Marigny. 1719 Manhattan Blvd Type: Retail Price: $1,550,000 ($316 / SF) Buyer: MANHATTAN PLACE IHOP LLC Elifin's Notes: Hamdan Sons Investments LLC purchases a...
DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 2.67%. The trailing 12 month total dollar volume of sales was $1.133B at the end of Feb 2023 vs. $1.164B at the end of the prior month. Overall Deal Velocity is steady. The trailing 12 month sale count was 530 at the end of Feb 2023. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2023/03/Market-Report-Baton-Rouge-LA-February-2023-ELIFIN.pdf" attachment_id="7228" viewer_width=100% viewer_height=800px fullscreen=true download=true print=true]...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 15200 Chef Menteur Hwy Type: Retail Price: $1,685,000 ($210 / SF) Buyer: TEJANI HOLDINGS LOUISIANA LLC Elifin's Notes: Vinton, Louisiana-based investors purchase a two building property home to the former Jubilee Casino and a separate building with a Truck Stop/Gas Station/Restaurant in the Venetian Isles area 201 N Wilson St Type:...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 13796 Perkins Rd Type: Retail Price: $2,600,000 ($788 / SF) Buyer: Big Boss Perkins LLC Elifin's Notes: Perkins Rd Circle K sells to local investor. 3135 Nicholson Dr Type: Retail Price: $2,500,000 ($427 / SF) Buyer: Big Boss Nicholson LLC Elifin's Notes: Convenience store sells near the north gates of LSU. 135 S Flannery Rd Type:...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4011 Magazine St Type: Retail Price: $1,000,000 ($513 / SF) Buyer: FORTY ELEVEN LLC Elifin's Notes: Local purchasers acquire a two-story retail building in the Touro area along Magazine Street 819, 821, 823 N Broad St Type: Retail Price: $750,000 ($135 / SF) Buyer: BROAD VENTURES LLC Elifin's Notes: Local investment group purchases a...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 7323 Tom Dr Type: Industrial Price: $2,610,000 ($75 / SF) Buyer: JM Test RE Acquisition LLC Elifin's Notes: Kanbrick, a Chicago-based business investment firm, purchase JM Test Systems' facility on Tom Dr as part of their purchase of the company. 6120 Perkins Rd Type: Office Price: $2,000,000 ($147 / SF) Buyer: Glo Resources...
A weekly update on the commercial real estate landscape of New Orleans. Business Report names ELIFIN® Company of The Year Commercial Sales Recorded Last Week 608 Farmington Pl, 1960 Daniels Rd Type: Multifamily Price: $13,044,231 ($42,909 / Unit) Buyer: TERRYTOWN RESIDENCES LLC Elifin's Notes: Local investor Imad Hamdan purchases the Louisburg Square Apartments, 304 units with 1BR/1BA, 2BR/1BA, and 3BR/2BA configurations, in the Terrytown/Gretna area 1801 Hector Street,...
A weekly update on the commercial real estate landscape of Baton Rouge. Business Report names ELIFIN® Company of The Year Commercial Sales Recorded Last Week 13533 Hooper Rd Type: Retail Price: $975,000 ($20 / SF) Buyer: FIDC 131 LLC Elifin's Notes: Former Lancaster House location in Central sells to Ohio-based Cocca Development. 15100 Market St Type: Retail Price: $590,000 ($94 / SF) Buyer: KKD Holdings LTD LLC Elifin's Notes: Clint's Garage owner...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 806, 816 Adams St, 7706 Burthe St Type: Multifamily Price: $1,449,000 ($181,125 / Unit) Buyer: CMP 1 LLC Elifin's Notes: Local investors purchase three adjoining parcels of three multifamily buildings, totaling 8 units: one has six units, one is a 1BR/1BA, and the last is a 3BR/1BA traditional home. 4417...