Research

21 Nov The Pulse BR: Two Geaux Clean car wash locations sold

Posted at 08:53h 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 10202 Perkins Rowe Type: Mixed-Use Price: $41,800,000 ($184,956 / Unit) Buyer: Perkins Rowe Owner LLC Elifin's Notes: Terraces at Perkins Rowe, the 226 unit apartment complex at Perkin's Rowe, sell to Avid Realty Partners, a New York Multifamily investment firm. Tracts 17-A & 18-A Bluebonnet Blvd Type: Land Price: $3,914,475 ($35.95 /...

21 Nov Commercial Sales Report – October 2022

Posted at 07:00h in Insights, Market Report: Baton Rouge, Research, The Sales Report by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Officially crossing $1 billion in total transaction volume for the second year in a row, the commercial market continues to set 8-year highs in number of transactions and dollar volume. So far in 2022 there have been 458 recorded sale transactions, an 11% increase over last year at this time. Among the property types tracked by this report, Multifamily...

14 Nov The Pulse NOLA: Former Burger King sold to Arizona-based group

Posted at 10:00h 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 2212 David Dr Type: Retail Price: $2,665,000 ($276 / SF) Buyer: SHORE CAPITAL REAL ESTATES PARTNERS HOLDCO LLC Elifin's Notes: Chicago-based real estate company acquires a 9,665 sq ft retail property in the Lelia Place area 2413, 2417-2419, 2425, 2445 Aberdeen St Type: Industrial Price: $1,000,000 ($82 / SF) Buyer: KCKB PROPERTIES LLC Elifin's...

14 Nov The Pulse BR: Lake Surgery Center on Perkins sold

Posted at 08:56h 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 7145 Perkins Rd Type: Office Price: $8,950,000 ($383 / SF) Buyer: Perkins Plaza Development LLC Elifin's Notes: OLOL sells the Lake Surgery Center on Perkins Rd to a business owned in part by Dr. Larry "Chip" Bankston, Jr, local orthopedic surgeon. 249 Richland Avenue Type: Multifamily Price: $1,300,000 ($65,000 / Unit) Buyer: M...

07 Nov The Pulse NOLA: French Quarter apartments sell for 2.8mm

Posted at 09:21h 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, 518-520, 524 Governor Nicholls St Type: Multifamily Price: $2,800,000 ($186,667 / Unit) Buyer: 801 PATTERSON OWNER LLC Elifin's Notes: Local investment group acquires a 15-unit garden apartment property with a unit mix including ten 1BR/1BA, four 2BR/1BA, and one 2BR/2.5BA in the French Quarter area near the historic...

07 Nov The Pulse BR: Former Spanish Moon on Highland Rd sells

Posted at 09:19h 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 11271 Reiger Rd Type: Hospitality Price: $10,250,000 ($101,485 / Unit) Buyer: ALH Properties No Twenty Six LP Elifin's Notes: American Liberty Hospitality, a Texas-based hotel development and management company, purchases the Hampton Inn & Suites Baton Rouge off Reiger Rd. 9181 Interline Ave Type: Office Price: $10,030,000 ($364 / SF) Buyer: NGP VII...

31 Oct The Pulse NOLA: California Building on Tulane Ave sells for 38 million

Posted at 09:44h 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 1111 Tulane Ave Type: Multifamily Price: $38,000,000 ($226,190 / Unit) Buyer: CBT INVESTORS LLC Elifin's Notes: Covington-based investment group purchases the California Bulding along Tulane Avenue in the Central Business District. The property is a ten-story building, the first floor is devoted to retail space and the remainder has...

31 Oct The Pulse BR: Former Chase Bank on Government St sells

Posted at 09:06h 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 3012 Government St Type: Retail Price: $913,000 ($231 / SF) Buyer: North Corporate Properties LLC Elifin's Notes: Former Chase Bank in Mid City sells to local investor. 11236 Pennywood Ave Type: Industrial Price: $840,000 ($115 / SF) Buyer: LSC Holdings LLC Elifin's Notes: Lawrence Maestri and George Murrell purchase climate controlled office/warehouse off Siegen...

24 Oct The Pulse NOLA: Canal Street hotel sold to Atlanta investor

Posted at 09:32h 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 6201, 6207, 6211-6215 Franklin Ave, 2617 Allen Toussaint Blvd, New Orleans, LA 70122 Type: Retail Price: $560,000 ($280,000 / Unit) Buyer: FRANKLIN SB LLC Elifin's Notes: A two-unit retail property made up of 6,898 sq ft in usable space sitting on 0.5 acres in the Milneburg area has sold...

24 Oct The Pulse BR: City of Central purchases 9.5 acres

Posted at 09:32h 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 9708 Greenwell Springs Rd Type: Retail Price: $2,325,000 ($775,000 / Unit) Buyer: Park Forest Self Storage LLC Elifin's Notes: Shopping center on Greenwell Springs Rd sells to Midwest Self Storage Development, a company that repurposes underutilized commercial properties into state-of-the-art climate controlled storage facilities. Tracts 6-B, 6-D, 6-E, 6-F Plank...