News

09 Dec The Pulse: New York Firm Purchases Downtown Office Building + Local Charter School Facility

Posted at 12:00h in Research, The Pulse by Elifin Realty 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 339 Florida St Price: $6,850,000 ($131 / SF) Buyer: RM Mentorship Acad LA LLC Elifin's Notes: New York investment firm, Rosemawr Management, purchases downtown office building used by the Mentorship Academy. 314 West Dr Price: $352,000 ($35,200 / Unit) Buyer: HIV/AIDS Alliance for Region Two (HAART) Inc Elifin's Notes: HAART, Inc (HIV/AIDS...

06 Dec Aquaculture Systems Technologies Moves HQ to Downtown Baton Rouge

Posted at 12:13h in News, Press Releases by Elifin Realty 0 Comments

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...

06 Dec How Successful Are Commercial Real Estate Brokers?

Posted at 12:00h in Commercial, Insights by Mathew Laborde, CCIM 0 Comments

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...

05 Dec How Do I Find the Owner of a Commercial Property?

Posted at 12:00h in Commercial, Insights by Mathew Laborde, CCIM 0 Comments

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...

04 Dec Why Is Commercial Property So Expensive?

Posted at 12:00h in Commercial, Insights by Mathew Laborde, CCIM 1 Comment

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...

03 Dec What is the difference between a triple-net (NNN), a modified gross, and a full service lease?

Posted at 14:01h in Insights, Office by George Bonvillain, Office Specialist 0 Comments

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...

02 Dec The Pulse: Former Hancock Whitney + Midsouth Bank Branches Sell

Posted at 12:00h in Research, The Pulse by Elifin Realty 0 Comments

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...

29 Nov What Is the Average Return on Commercial Property?

Posted at 14:59h in Commercial, Insights by Mathew Laborde, CCIM 0 Comments

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...

28 Nov What are some advantages to OWNING office space rather than leasing?

Posted at 14:00h in Insights, Office by George Bonvillain, Office Specialist 0 Comments

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...

27 Nov What are some advantages of leasing an office space for my business rather than owning?

Posted at 12:00h in Insights, Office by George Bonvillain, Office Specialist 0 Comments

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...