A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 12047 Old Hammond Hwy Price: $141,000 ($92 / SF) Buyer: Bao Dinh Nguyen Elifin's Notes: Office on Old Hammond Hwy sells. 12551 S Harrells Ferry Rd Price: $550,000 ($115 / SF) Buyer: CDR Property Inc Elifin's Notes: Heart 2 Heart Homecare Services, a Natchez-based home care company, purchase two office buildings on...
DOWNLOAD FULL REPORT (PDF) After three full quarters of 2021, the commercial sales market continues to outpace historical 6-year averages. The number of commercial sales so far in 2021 (370) match or exceed the yearly total sales in 4 of the last 6 years. The 12-month moving average of total sales and total dollar volume transacted are currently higher than at any point...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 14635 S Harrells Ferry Rd (Unit 2B) Price: $135,000 ($128 / SF) Buyer: K & R Cattle, LLC Elifin's Notes: Local investor purchases office suite at the Forest Park Office Plaza. 17501 Jefferson Hwy, Suite E-4 Price: $175,000 ($146 / SF) Buyer: C-K Rental Properties LLC Elifin's Notes: Office suite sells at...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 5055, 5075 Nicholson Drive Price: $34,700,000 ($144,583 / Unit) Buyer: Oakbrook St LLC Elifin's Notes: Oakbrook Apartments, a 240 unit complex south of LSU, sells to California-based investors. 18733 Samuels Rd Price: $1,989,000 ($6,630 / Unit) Buyer: Sweetbriar MH Community LLC Elifin's Notes: Mobile home community, Sweet Briar Estates, sells in Zachary. 16333...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week Due to technical difficulties last week’s sales will be reported in next week’s issue of The Pulse. Upcoming Planning Commission Cases District 225 - New Multifamily development at Wooddale Tower Submitted on 9/7/2021 by Craig Corie. Proposed high density multi-family residential development on property located west of...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 2059 Mariner Drive Price: $700,000 ($35,000 / Unit) Buyer: Cassinis Investments LLC Elifin's Notes: Twenty unit multifamily property sells on Mariner Dr just off of Gardere Lane. 4627 Tigerland Avenue Price: $280,000 ($28,000 / Unit) Buyer: 4 Palms Apartments LLC Elifin's Notes: The Study, a 10-unit apartment complex in Tigerland, sells to...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 8702 Jefferson Hwy (Suite A) Price: $730,000 ($157 / SF) Buyer: The Physicians Alliance Corporation Elifin's Notes: Office suite sells in the Jefferson Commons Office Park. 3949 North Blvd Price: $500,000 ($66 / SF) Buyer: HIV/AIDS Alliance for Region Two (HAART), Inc Elifin's Notes: The Volunteers of America sell their office building...
DOWNLOAD FULL REPORT (PDF) With 32 commercial property sales reported in August 2021, the total dollar volume transacted year- to-date has surpassed the total, 12-month volume transacted in 2020, 2017, and 2016 individually. The number of sales in all sectors are continuing to trend above 6-year historical averages, with 2021 seeing the most sales year-to-date (327) of the last 6...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 5330 Dijon Dr Price: $700,000 ($126 / SF) Buyer: Tim Minh Tran and Ha Thi Thu Hoang Elifin's Notes: Local investors purchase medical office near the Essen Lane campus of Our Lady of the Lake. 3955 Government St, Building 8 Price: $240,000 ($86 / SF) Buyer: Kevin Simon Elifin's Notes: Investor purchases...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week There were no commercial sales recorded in EBR Parish last week. Upcoming Planning Commission Cases Rezoning for commercial development on Burbank Drive Submitted on 7/27/2021 by Shahzad Ghafoor. Proposed rezoning from Rural to Light Commercial One (LC1) on property located on the southeast corner of Burbank...