03 Jun [White Paper] Bank Branches: Value Drivers and Conclusions
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Research
03 Jun What are former bank branches used for after they sell?
Through mergers, acquisitions, and streamlining operations in the banking sector, there are a lot of former bank branches on the market today. More times than not, when a bank sells an old location, it's purchased by another bank or credit union for the same use. But what happens when there is not another financial institution buyer for the property? The specialized...
01 Jun The Pulse: Aldi Grocery Store Purchases 3.55 Acre Tract Near Walmart on O’Neal
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10500 Coursey Blvd (Suite 100) Price: $1,722,500 ($70 / SF) Buyer: Investar Bank Elifin's Notes : Investar Bank purchases ground floor of Investar Tower. 5131 Essen Lane Price: $700,000 ($235 / SF) Buyer: 5131 Essen Lane LLC Elifin's Notes : Local investor purchases medical office off Essen Lane across from Our Lady...
25 May The Pulse: Signature Flight Support Purchases Airplane Hangar Near BTR
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 8100 Perkins Rd Price: $600,000 ($57 / SF) Buyer: CTL Holdings LLC Elifin's Notes : AAA Rent-All owner purchases former convenient store location off Perkins Rd south of the Essen Lane intersection. Building #1 is 2,240 SF - Previously occupied by a Gas Station / Convenience Store. Building #2 is...
18 May The Pulse: April Commercial Sales Report Released
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 2919 Perkins Rd Price: $435,000 ($248 / SF) Buyer: Mars-Cole LLC Elifin's Notes: DiGiulio Brothers owners purchase neighboring restaurant space used by Rama Thai Cuisine near the Perkins Rd Overpass. 9625 Airline Hwy Price: $625,000 ($159 / SF) Buyer: Mohammad Alowda Elifin's Notes: Advanced Car Care facility sells off Airline Hwy near...
12 May Commercial Sales Report – April 2020
DOWNLOAD FULL REPORT (PDF) As we began 2020, commercial sales were tracking on pace with the historical average. Due to the impact of COVID-19 and the Governor’s (stay-at-home) order during the latter part of March and entirety of April, millions of dollars in sale transactions were put on pause. Due diligence timeframes were extended and closing dates were pushed back while...
11 May The Pulse: Laser Tag Facility Sold for 1.95 Million
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 5871 S Sherwood Forest Blvd Price: $1,950,000 ($88 / SF) Buyer: Parkview Baptist Church Foundation Elifin's Notes: Parkview Baptist Church purchases Laser Tag of Baton Rouge facility. 508 S Foster Dr Price: $1,760,000 Buyer: Farhad Soleimani Elifin's Notes: Two California-based investors purchase Jack-in-the-Box on the corner of Government St and S Foster...
04 May The Pulse: Family Dollar on Government St Sold to Dorsey Development
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 3433 Government St Price: $1,450,000 ($100 / SF) Buyer: Avery DG Tec LLC Elifin's Notes: Dorsey Development purchases Family Dollar on the corner of Government St and S Acadian Thwy. 7725 Airline Hwy Price: Withheld Buyer: JJJ STNL1 LLC Elifin's Notes: California investor purchases Jack-In-The-Box on the corner of Airline Hwy and...
27 Apr The Pulse: Downtown Lot Sold to LA Capitol FCU
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 759 Laurel St Price: $490,985 ($55.00 / Land SF) Buyer: LA Capitol Federal Credit Union Elifin's Notes : LA Capitol Federal Credit Union purchases vacant lot neighboring their downtown Baton Rouge location. Upcoming Planning Commission Cases Pet Drive to Bascom Way Submitted 3/13/20 by Andrew McCandless. Proposed street name change...
20 Apr The Pulse: 18 Unit Multifamily Deal Sold
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week Fuller Place Portfolio Price: $1,300,000 ($72,222 / Unit) Buyer: First of Many LLC Elifin's Notes : Local investor purchases 18 units in a fractured condominium of 70 homes constructed as 35 duplexes in the Live Oak Circle Condominiums subdivision off South Park Dr. 102, 112, 122 Henry Adams Rd Price:...