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...
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...
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...
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...
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...
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....
DOWNLOAD PDF November 15, 2019 – Baton Rouge, LA – Elifin Realty has announced the sale of 10646 Airline Hwy in Gonzales, LA. This large industrial property has been the headquarters for Neese Industries for 50+ years. The ±69,000+ SF complex sitting on 25 acres was purchased by ASH Brothers, LLC. The property features 905' of frontage with 5 access points to Airline...
DOWNLOAD PDF November 14, 2019 – Baton Rouge, LA – Elifin Realty has announced the sale of three office pad sites (Units 3A, 8B, and 12) located in the Abita View Office Park at 1958 N Hwy 190 in Covington, LA. Unit 3A is planned for a ±6,600 SF building area to be built on piers similar to the neighboring building. Unit...
As a commercial real estate investor, it is crucial that you know how to properly evaluate a property before making an offer. You may be eyeing a commercial property to purchase, but before investing it is critical to know how much the property is actually worth. What will be the rate of return on the property? Is the asking price...
The November 11, 2019 issue covers seventeen commercial sales recorded across Baton Rouge the previous week. The headline deal: Louisiana Workers' Compensation Corporation bought the former La Quinta Inn at 2333 South Acadian Thruway near I-10, close to its office. The seller, S Hospitality LLC, had bought the hotel on October 1, 2019, and ExchangeRight bought two Dollar General stores,...
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