The July 5, 2021 issue covers thirteen commercial sales recorded across Baton Rouge the previous week, totaling $73.9M in disclosed volume. The headline deal: City Heights on Coursey LLC, California-based multifamily real estate investment firm SB Pacific Group, paid $49.8M ($141,338/unit) for the 352-unit Coursey Place apartments off Coursey Boulevard near Jones Creek Road. Multifamily led the week with five...
DOWNLOAD PDF OF PRESS RELEASE June 28th, 2021 - Baton Rouge, LA – Elifin Realty is pleased to announce the sale of 4917 Florida Blvd in Baton Rouge, LA for $750,000. Formerly the location of Gerry Lane Buick Pontiac GMC, the ±4.61-acre property sits just west of N Foster Drive and features over 450 feet of frontage along Florida Blvd. The central...
The June 28, 2021 issue covers thirteen commercial sales recorded across Baton Rouge the previous week, totaling $10.9M in disclosed volume. The headline deal: LA State Department of Transportation paid $4M ($0.62/Land SF) for 149 acres off Old Scenic Highway in Zachary as part of the Comite Diversion Canal project. Office led the week with four of the thirteen sales,...
The June 21, 2021 issue covers ten commercial sales recorded across Baton Rouge the previous week, totaling $6.53M in disclosed volume. The headline deal: Englade Investments LLC, a Hammond-based investor, paid $2.95M ($67,045/unit) for Sherwood Shadow Condos, a 44-unit complex near Bard Avenue and North Sherwood Forest Drive. Retail and land each accounted for three of the ten sales, including...
The June 14, 2021 issue covers nine commercial sales recorded across Baton Rouge the previous week, totaling $12.4M in disclosed volume. The headline deal: Bend on Bluebonnet LP, Indianapolis-based real estate development firm TWG Management, paid $7.72M ($13.46/Land SF) for more than 13 acres near Bluebonnet Boulevard and Burbank Drive. Land led the week with three of the nine sales,...
The June 7, 2021 issue covers eight commercial sales recorded across Baton Rouge the previous week, totaling $5.54M in disclosed volume. The headline deal: Exchangeright Net-Leased Portfolio 47 DST, California-based real estate investment firm Exchangeright, paid $2.72M ($288/SF) for the Fresenius Medical Care facility on Groom Road in Baker. Retail led the week with four of the eight sales, including...
DOWNLOAD FULL REPORT (PDF) All commercial sales numbers in EBR Parish continue to trend above historical averages through May 2021. There have been a total of 203 commercial property sales recorded so far in 2021. This is the highest 5-month total (Jan-May) in the last 6 years. Through May, every sector except Land has seen more sales in 2021...
The May 31, 2021 issue covers sixteen commercial sales recorded across Baton Rouge the previous week, totaling $8.12M in disclosed volume. The headline deal: 850 CV Owner LLC, a Texas-based investor, paid $2.06M ($108,211/unit) for Capital View Apartments, a 19-unit complex on North Fifth Street near the state capitol. Multifamily and office each accounted for five of the sixteen sales,...
The May 24, 2021 issue covers eleven commercial sales recorded across Baton Rouge the previous week, totaling $9.25M in disclosed volume. The headline deal: Akshardham LLC paid $3.54M ($45,337/unit) for the Microtel Inn & Suites, a 78-unit hotel at the corner of Howell Boulevard and Harding Boulevard. Industrial led the week with four of the eleven sales, including a two-building...
The May 17, 2021 issue covers nine commercial sales recorded across Baton Rouge the previous week, totaling $12M in disclosed volume. The headline deal: WM Blanchard LLC, Alexandria-based D'Argent Companies, paid $5.6M ($114/SF) for Central Plaza, a strip center at the corner of Wax Road and Sullivan Road in Central. Retail led the week with six of the nine sales,...
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