A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 4313 Bluebonnet Blvd Price: $642,000 ($186 / SF) Buyer: Parc Claycut LLC Elifin's Notes: Local plastic surgeon purchases building at The Parc of Claycut Bayou office park. 9441 Common St Price: $250,000 ($61 / SF) Buyer: EDR Construction LLC Elifin's Notes: Office building sells near the corner of Old Hammond Hwy and...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 3350 Wyoming St Price: $945,000 ($42,955 / Unit) Buyer: 3350 Wyoming LLC Elifin's Notes: The Ivy Courtyard, a 22-unit apartment complex off Nicholson Dr, sells to investor. Seville Place Portfolio Price: $490,000 ($81,667 / Unit) Buyer: Kapel Properties LLC Elifin's Notes: Alabama investor purchases a 4-plex, duplex, and two residential houses in...
DOWNLOAD FULL REPORT (PDF) As May turned to June and the Louisiana heat arrived in full effect, the state moved into "Phase Two" of the federal government's plan for reopening. While this reopening progress coincided with a slight uptick in sale transactions and total dollar volume month over month, trepidation remained among many investors and the overall business community. As noted in...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 1222 Bob Pettit Blvd Price: $1,175,000 ($78,333 / Unit) Buyer: 1222 Bob Pettit Blvd LLC Elifin's Notes : The Graduate Apartments, a 15-unit complex in Tigerland, sells to local investor. 4554 Alvin Dark Ave Price: $450,000 ($45,000 / Unit) Buyer: Jann Properties 2 LLC Elifin's Notes : Tigerland apartment complex sells consisting...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 9550 Interline Ave Price: $4,850,000 ($93 / SF) Buyer: Pelican View Properties Elifin's Notes: Former Robinson Brothers Lincoln dealership sells at the Airline Hwy / I-12 intersection. 7175 Plank Rd Price: $1,030,000 ($349 / SF) Buyer: Etoile Dr Mer LLC Elifin's Notes: Convenience store sells at the corner of Plank Rd and...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 8531, 8541 Rush Ave Price: $400,000 ($50,000 / Unit) Buyer: CNV Properties LLC Elifin's Notes : Two 4-plexes consisting of 2 bed / 2 bath units sell off of Gardere Lane. 4021 W E Heck Ct, Suite H2 Price: $200,000 ($137 / SF) Buyer: Kumar LLC Elifin's Notes : Hammond-based investor purchases...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 14734 S Harrells Ferry Rd Price: $1,195,000 ($91 / SF) Buyer: Capital Region Planning Commission Elifin's Notes : Capital Region Planning Commission purchases office building off S Harrell's Ferry Rd near the Millerville Rd intersection. 1984 Wooddale Blvd Price: $190,000 ($38 / SF) Buyer: Heart 2 Heart Care Clinic LLC Elifin's Notes...
DOWNLOAD FULL REPORT (PDF) May 2020 began amidst a global economic shutdown unlike anything we have seen in our lifetime. With that in mind, naturally the velocity of commercial sale transactions has slowed down. Total sale count year-to-date is tied with the 5-year low in 2017 at 122 sale transactions YTD. And total dollar volume year-to-date is down over 26% from the...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 18411 Highland Rd Price: $2,470,500 ($392 / SF) Buyer: Lee Cole Lewis LLC Elifin's Notes : Dallas-based company purchases a net leased Goodyear tire service facility on the corner of Highland Rd and Old Perkins Rd for a 6.75% cap rate. 3040 Ray Weiland Dr Price: $225,000 ($47 / SF) Buyer:...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 9031 Siegen Lane Price: $2,500,000 ($227 / SF) Buyer: JPMorgan Chase Bank, NA Elifin's Notes : Former Rite Aid site at Siegen Lane and Perkins Road purchased by JPMorgan Chase Bank, NA. 6817 Greenwell Springs Rd Price: $150,000 ($7 / SF) Buyer: Gracie Corporation Elifin's Notes : Gracie Corporation purchases large building...