06 Jul The Pulse: Former Robinson Brothers Sells for 4.85 Million
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...
29 Jun The Pulse: Proposed Mixed Use Development at Highland and Kenilworth
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...
22 Jun The Pulse: Three Multifamily Sales
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...
17 Jun Commercial Sales Report – May 2020
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...
15 Jun The Pulse: Goodyear Tire on Highland Rd Sold
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:...
08 Jun The Pulse: Former Rite Aid at Siegen Lane / Perkins Rd Sold
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...
03 Jun [White Paper] Bank Branches: Value Drivers and Conclusions
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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...