Research

15 Jan The Pulse BR: Former McDonald’s on Lee Dr sold

Posted at 21:30h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 402 Laurel St Type: Office Price: $4,777,778 ($216 / Building SF) Buyer: Placid Refining Company LLC Elifin's Notes: Placid Refining Company purchases downtown office building and nearby parking lot. 8729 Granite Dr Type: Portfolio Price: $3,000,000 ($68,182 / Unit) Buyer: JSR1 LLC Elifin's Notes: Local architect and real estate investor, Steven Romero, purchases 11...

10 Jan Commercial Sales Report – December 2022

Posted at 07:41h in Insights, Market Report: Baton Rouge, Research, The Sales Report by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) The East Baton Rouge Parish commercial real estate sales market ended 2022 with 531 recorded sales totaling $1.175 billion in transaction volume. That is 5 fewer transactions than 2021 and $165 million more in volume. Like in 2021, Multifamily sales in 2022 saw the most volume with $511 million transacted (43%) and Industrial saw the least with $58.7...

09 Jan The Pulse NOLA: Howard Tower sells for 8.3mm

Posted at 09:04h 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 1000 Howard Ave Type: Mixed-Use Price: $8,300,000 ($98 / SF) Buyer: 1000 HOWARD LLC Elifin's Notes: Lafayette-based investors purchase the 1000 Howard Building, 12 stories, plus basement, comprising 84,466 sq ft in office space. 4717 Airline Dr Type: Retail Price: $2,105,000 ($356 / SF) Buyer: CARONNA DEVELOPMENT LLC Elifin's Notes: Local investors purchase an...

09 Jan The Pulse BR: M&L Industries purchase new BR location for 5.2mm

Posted at 08:46h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10049 N Reiger Rd Type: Industrial Price: $5,200,000 ($108 / SF) Buyer: F2MV LLC Elifin's Notes: M & L Industries purchase industrial Reiger Rd property for their new Baton Rouge location. Lafayette St Type: Land Price: $525,000 ($70.23 / Land SF) Buyer: TJ Farms LLC Elifin's Notes: Attorney Tony Clayton of Clayton, Fruge, &...

01 Jan The Pulse NOLA: Golden Key Apartments sell for 10.6mm

Posted at 23:55h 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 4151, 4713, 4209 Division Street Type: Multifamily Price: $10,600,000 ($113,978 / Unit) Buyer: ARTSCAPE APARTMENTS LLC Elifin's Notes: A William Shane, Jr led organization purchase the former Golden Key apartment complex, 93 units with 1BR/1BA and 2BR/2BA configurations, in the Hessmer Farms area of Metairie 2000-2004-2008-2010 Saint Claude Ave Type: Retail Price:...

01 Jan The Pulse BR: SouthStar Urgent Care in Zachary sells

Posted at 23:54h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 5654 Main St Type: Office Price: $1,800,000 ($681 / SF) Buyer: Southstar MD LLC Elifin's Notes: SouthStar Urgent Care in Zachary sells to Utah-based investor. 5707 Siegen Lane Type: Land Price: $1,350,000 Buyer: Crawfish Commercial LLC Elifin's Notes: Commercially zoned lot sells on Siegen Lane near the Airline Hwy intersection. 8352 Bluebonnet Blvd Type: Office Price: $1,250,000...

26 Dec The Pulse NOLA: Former Our Lady of Lourdes Sanctuary sold

Posted at 08:38h 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 2400 Napoleon Ave Type: Retail Price: $1,250,000 ($105 / SF) Buyer: 2400 NAPOLEON AVENUE LLC Elifin's Notes: Local investors purchase the historic former Our Lady of Lourdes Catholic Church Sanctuary, consisting of 11,889 sq ft of space in the Freret area 4432 Conlin St Type: Office Price: $1,057,479 ($176,247 / Unit) Buyer: 4432...

26 Dec The Pulse BR: Retail center on Monterrey Blvd sold

Posted at 08:37h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10235 Jefferson Hwy (Building 5) Type: Office Price: $2,000,000 ($372 / SF) Buyer: GLIM LLC Elifin's Notes: Local investor purchases office building in the Metro Office Park. 850 North Blvd Type: Office Price: $460,000 ($136 / SF) Buyer: Royal Engineers and Consultants LLC Elifin's Notes: Royal Engineers and Consultants purchases B-1 zoned office near...

21 Dec Commercial Sales Report – November 2022

Posted at 09:54h in Insights, Market Report: Baton Rouge, Research, The Sales Report by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) At 34 total recorded commercial sales, November was among the slowest of 2022 along with October and February. The most active month so far this year is June, with 60 recorded sales. Transaction volume for November was $129.5 million–a 124% increase from October– bringing the total commercial sales volume to an 8-year high of $1.14 billion. Multifamily property accounts...

19 Dec The Pulse NOLA: Large medical facility on Poydras sold

Posted at 09:13h 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 516 Natchez St Type: Multifamily Price: $2,850,000 ($475,000 / Unit) Buyer: MIURA LLC Elifin's Notes: Local investor acquires a three-story six unit luxury apartment building with 1BR/1BA and 2BR/2.5BA configurations in the Central Business District area. 1641 Poland Ave; 1604 Kentucky St Type: Industrial Price: $1,750,000 ($65 / SF) Buyer: R&C BUILDING MATERIALS...