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...
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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...
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...
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...
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...
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