04 Dec Why Is Commercial Property So Expensive?
In this case, the term “expensive” is relative. What looks expensive to a novice, first-time investor may look like pocket change to one that is established in commercial real estate investing. But, to be fair, commercial real estate is generally more expensive than single-family residential homes. This is the result of a few factors. Commercial property takes a lot of money to...
02 Dec Former Hancock Whitney + Midsouth Bank Branches Sell
The December 2, 2019 issue covers eight commercial sales recorded across Baton Rouge the previous week. The headline deal: Bancorpsouth Bank bought the MidSouth Bank branch at 6677 Siegen Lane at Industriplex Boulevard. Houma-based South Louisiana Bank bought the former Hancock Whitney branch near Highland Road and Lee Drive, and residential developer Todd Waguespack bought more than nine acres on...
29 Nov What Is the Average Return on Commercial Property?
The average rate of return on a commercial property must take into account several factors, including but not limited to the cost of the property, the initial investment in getting it ready for tenants, and the ongoing maintenance costs. Many times, people will have an inflated view of the average rates of return because they fail to factor in the...
26 Nov New, Full Purpose Medical Facility to be Built on Plank Rd
DOWNLOAD PDF November 26, 2019 – Baton Rouge, LA – Will Chadwick of Elifin Realty has announced the sale of the property located at 7070 Plank Rd in Baton Rouge, LA. The ±3.32-acre tract is located near I-110 and Airline Hwy, on the hard corner of Plank Road and Crown Avenue. The property was purchased by the non-profit organization, Baton Rouge Primary...
25 Nov Sage Rehabilitation Hospital + Comfort Inn Sales
The November 25, 2019 issue covers eight commercial sales recorded across Baton Rouge the previous week. The headline deal: Sage Summa Real Estate LLC, a local ownership group, bought the Sage Rehabilitation Hospital location at 8000 Summa Avenue. Hotel investor Alpesh Patel bought the 60-room Comfort Inn on Constitution Avenue, and a local investor bought the former Cloverleaf Suites hotel...
25 Nov Construction Underway on Final Building at Highland Park Marketplace
DOWNLOAD PDF November 22nd, 2019 - Baton Rouge, LA – After recently announcing new tenants and the sale of two outparcel lots, Campbell Companies and Big Horn Development have broken ground on Building 400 at Highland Park Marketplace. Building 400 is the final phase of development in the upscale retail center and will feature eight suites totaling 16,450 SF, with an expected...
21 Nov How Do I Know My Appraisal is Accurate?
Buying or selling a property is a big investment. You want to ensure that you’re getting a fair price for your property. What happens if the property is appraised too high or too low? Do you trust the first appraisal, or should you request multiple appraisals from different appraisers? While the short answer is that if you’re uncomfortable with what...
20 Nov Is Commercial Real Estate a Good Investment?
Commercial Real Estate is a phenomenal investment! Commercial properties such as office buildings, apartment buildings, industrial buildings, warehouses and “mixed-use” buildings typically offer a greater financial reward as compared to residential property. We’re talking, real, tangible assets that you can see and check on with a strong earning potential. The key thing about investing in commercial real estate is that you’ve...
19 Nov How Much Do Commercial Brokers Charge?
The answer to this question is deceptively simple: It’s all negotiable. But the reason behind this answer dates back to 1890 when Congress passed the Sherman Act as a way “to protect the process of competition for the benefit of consumers” (source). Essentially, the Sherman Act along with the Federal Trade Commission Act and the Clayton Act ensure healthy competition in...
18 Nov Former Neese Industries Headquarters Sells
The November 18, 2019 issue covers three commercial sales recorded across Baton Rouge the previous week. The headline deal: ASH Brothers, LLC bought the former Neese Industries headquarters at 10646 Airline Highway in Gonzales. Parker Orthodontics bought an office suite on Shadows Lane near Goodwood Boulevard and Connell's Park Lane, and an industrial office/warehouse off Wooddale Boulevard sold....
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