DOWNLOAD PDF December 6th, 2019 - Baton Rouge, LA – Aquaculture Systems Technologies, LLC has recently consolidated all of its operations to their new location in Downtown Baton Rouge at 2120 N 3rd Street. George Bonvillain and Mathew Laborde, of Elifin Realty, assisted AST in finding the new location for their rapidly expanding business. Relocating their operations from New Orleans and their...
We’ve all seen it. People who look like they have it all together. All the nicest clothes or watches, picking up the tab for the table. But then they get home and scratch and scrape to pay their light bill. This same illusion can hold true for commercial real estate brokers. A lot of people see commercial real estate brokers who...
If you’re searching for the owner of a commercial property, be prepared to dust off your detective badge and get down to work. While finding the owner of a commercial property is possible, you have to do a little digging to get there. Finding the owner of a commercial property begins by identifying which parish it’s in. Once you know which...
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...
There are three main types of leases for commercial space: a triple-net (NNN), a modified gross, and a full-service. When it comes to understanding what each covers, it helps to think of it as a sliding scale. I’ll explain each in more detail below. NNN Lease A NNN lease essentially means that all of the expenses related to the building are going...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 6677 Siegen Ln Price: $2,255,000 ($884 / SF) Buyer: Bancorpsouth Bank Elifin's Notes: Bancorpsouth Bank purchases MidSouth Bank branch on the corner of Siegen Ln and Industriplex Blvd. 5379 Highland Rd Price: $500,000 ($208 / SF) Buyer: South Louisiana Bank Elifin's Notes: Former Hancock Whitney branch sells to Houma-based South Louisiana Bank...
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...
Deciding whether to buy or lease a building can be one of the biggest decisions you’ll make as a business owner. While there are advantages to both and your decision will be based on a number of factors that determine what is best for you, the biggest advantage to owning office space is that...
The advantages of leasing an office space rather than owning it are similar to residential where you’re renting rather than buying your home. Namely, you won’t be responsible for as much maintenance, and when the lease term is up, you can leave. When leasing a space, the landlord will take care of a lot of the maintenance. Depending on the type...
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...
