A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 7389 Florida Blvd Price: $8,000,000 ($25 / SF) Buyer: Edge 7389 Florida Blvd LLC Elifin's Notes: Glacier Global Partners, a New York-based investment firm, purchase Bon Carre Business Center on the corner of Florida Blvd and Lobdell Blvd. 2414 Bunker Hill Dr Price: $4,140,000 ($27 / SF) Buyer: 2414 Bunker Hill...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 11440 Bard Ave Price: Withheld Buyer: 11440 Bard Avenue Associates LLC Elifin's Notes: Michigan-based Contour Companies purchases Pine Grove Apartments near the corner of N Sherwood Forest Dr and Bard Ave. Price withheld. 9343 Florida Blvd Price: $536,000 ($78 / SF) Buyer: Skylight Holdings LLC Elifin's Notes: The owner of the Galileo...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 7529 Perkins Rd (Units 150-A-1, 250-300) Price: $770,000 ($83 / SF) Buyer: Fangting Liang Elifin's Notes: Local investors purchases seven office suites in a mixed used office/retail business park near the corner of Perkins Rd and Essen Lane. 9718 Sullivan Rd Price: $315,000 ($88 / SF) Buyer: GDC Properties, LLC Elifin's Notes:...
DOWNLOAD FULL REPORT (PDF) December 2020 brought the total number of commercial sales in EBR Parish to 370, narrowly edging out 2019's total sales number of 368 and closing out 2020 only 1.70% down from the 5-year moving average. The overall dollar volume of commercial sales in 2020 saw a 15.1% decrease from 2019. Transactions in December 2020 lifted the total $ volume...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10706 Florida Blvd Price: $2,433,835 ($998 / SF) Buyer: POP-BR LLC Elifin's Notes: California-based investor purchases Popeyes on Florida Blvd near the McGeHee Dr intersection. 5652 Government St Price: $875,000 ($103 / SF) Buyer: Hole in the Wall Holdings LLC Elifin's Notes: Real estate agent Lawrence Maestri purchases Dollar General on Government...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 1919 Boulevard De Province Price: $8,800,000 ($56,774 / Unit) Buyer: 1919 Boulevard De Province 2020 LLC Elifin's Notes: Cedar Grove Capital purchases Kingston Point Apartments, a 155 unit complex at the corner of Blvd de Province and N Harrell's Ferry. 3325 Monterrey Dr Price: $2,000,000 ($41,667 / Unit) Buyer: Monterrey Management...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 18135 E Petroleum Dr Price: Withheld Buyer: Robinson Brothers Inc Elifin's Notes: Robinson Brothers purchases multi-tenant retail property on the corner of Highland Rd and E Petroleum Dr. Price withheld. 2323 S Acadian Thwy Price: $2,168,000 ($482 / SF) Buyer: Louisiana Workers' Compensation Corporation Elifin's Notes: LWCC purchases Mestizo restaurant property, continuing...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 5010 Mancuso Lane Price: $47,500,000 ($219,907 / Unit) Buyer: Citiscape Essen LLC Elifin's Notes: Citiscape at Essen apartments purchased by multi-family investor Jakob Medve. 728 North Blvd Price: $550,000 ($97 / SF) Buyer: MMO Group, LLC Elifin's Notes: MMO Group purchases corporate office building on North Blvd. 11736 Newcastle Ave Price: $467,500 ($83 /...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10319 Jefferson Hwy Price: $1,015,000 ($211 / SF) Buyer: Burn Rubber LLC Elifin's Notes: Local investor purchases office building on Jefferson Hwy. 3034 S Sherwood Forest Blvd Price: $625,000 ($122 / SF) Buyer: Signs in a Day, Inc. Elifin's Notes: Signs in a Day retailer purchases neighboring building on S Sherwood Forest...
DOWNLOAD FULL REPORT (PDF) The number of all commercial sales is in line with the historical average at 330 YTD 2020 (down only -3.28% from the average YTD over the last 5 years). Dollar volume of all commercial sales is at a 5-year low at $369.6 million YTD 2020 (down -31.25% from the average YTD over the last 5 years). Land sale volume...