DOWNLOAD FULL REPORT (PDF) Louisiana remained in Phase 3 of reopening throughout the month of October. The number of commercial property sales was up 57% month over month, with 44 sales in October 2020 compared with 28 sales in September 2020. While we have seen a decrease in activity overall and across the multifamily, office, and land sectors, the average price per...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10613 Burbank Dr Price: $3,399,551 ($1,555 / SF) Buyer: Tandem Columbus Equities, LLC Elifin's Notes: New Jersey-based investor purchases net-leased Popeyes off Burbank Dr near the Bluebonnet Blvd intersection. This represents a 5.35% cap rate. 8770 Elm Grove Garden Dr Price: $1,517,773 ($18,069 / Unit) Buyer: TBF Development, LLC Elifin's Notes: Alabama-based...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 12842-12876 Delores Dr Price: $800,000 ($80,000 / Unit) Buyer: Letourneau Partners, LLC Elifin's Notes: Prairieville-based investment group purchases five duplexes off N Flannery Rd. 10621 N Oak Hills Pkwy, Suite A Price: $294,500 ($108 / SF) Buyer: 7308 Properties, LLC Elifin's Notes: Local wealth management company purchases office building off Bluebonnet Blvd. 4385...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10723 N Oak Hills Pkwy Price: $435,000 ($150 / SF) Buyer: Align Wealth Partners, LLC Elifin's Notes: Local financial planning company purchases vacant office building off Bluebonnet Blvd. 5515 S Sherwood Forest Blvd Price: $367,500 ($84 / SF) Buyer: Tiger Tax Services, LLC Elifin's Notes: Standalone office building purchased by tax service/insurance...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 11959 Nicholson Dr Price: $46,400,000 ($140,606 / Unit) Buyer: Indigo Park Property Owner LLC Elifin's Notes: Los Angeles-based real estate investment group purchases 330-unit Indigo Park Apartments at Nicholson Dr and Gardere Lane. 1003 Bob Pettit Blvd Price: $1,150,000 ($185 / SF) Buyer: The 1003 Group LLC Elifin's Notes: The House in...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 7791 Florida Blvd Price: $2,400,000 ($106 / SF) Buyer: Friends of Basis Louisiana Elifin's Notes: Basis Baton Rouge charter school purchases former Richard's Honda property on Florida Blvd for their second Baton Rouge campus. 23360 Liberty Rd Price: $1,265,594 ($138 / SF) Buyer: NCI Zachary DG LLC Elifin's Notes: Chicago-based investor purchases...
DOWNLOAD FULL REPORT (PDF) Louisiana moved forward to Phase 3 of reopening on September 11. The number of all commercial property transactions is still lower than the year to date total compared to the previous five years. During the first eight months of 2020, the office sector had seen an overall decrease in activity. Compared to August, the number of office sales...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 11358 Perkins Rd Price: Undisclosed Buyer: All Star Properties LLC Elifin's Notes: Former Sabine Pools store on Perkins Road between Bluebonnet Blvd and Siegen Lane sold. 218 Staring Lane Price: $300,000 ($66 / SF) Buyer: Willow Grove Holdings Inc Elifin's Notes: Local investor purchases former Kean's the Cleaners location on Staring Lane...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 7434 Perkins Rd Price: $2,050,000 ($101 / SF) Buyer: Double Zero Perkins LLC Elifin's Notes: Local real estate agent David Trusty purchase office building at the corner of Perkins Rd and Silverside Dr. 726 Highlandia Dr Price: $1,575,000 ($112 / SF) Buyer: BCMVM, LLC Elifin's Notes: Local investor purchases fully-leased office building...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10988 N Harrells Ferry Rd, Suite 7 Price: $600,000 ($100 / SF) Buyer: Fangting Liang and Xiurong Li Elifin's Notes: Local investors purchase suite leased to Transformyx in Myrtle Lake Plaza Office Park. 11240 Cedar Park Ave Price: $300,000 ($112 / SF) Buyer: AGP Investments LLC Elifin's Notes: Local investor purchases building...