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A weekly update on the commercial real estate landscape of The Northshore. Commercial Sales Recorded Last Week 25064 Hwy 22, Ponchatoula, LA 70454 Type: Land Price: $275,000 ($0.90 / Land SF) Buyer: D&L FLEURY INVESTMENTS LLC Elifin's Notes: A pair of local business owners purchase a 7 acre tract of land on Hwy 22. 2205 W Church St, Hammond, LA 70401 Type: Retail Price: $195,000 ($135.42 / SF) Buyer: AMY...
A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 1205 Garber Rd, Broussard, LA 70518 Type: Multifamily Price: $5,400,000 ($135,000 / Unit) Buyer: LEGACY AT OXFORD COURT LLC Elifin's Notes: A 40-unit multifamily property changes ownership on Garber Road. 406 Beau Pre Rd, Lafayette, LA 70508 Type: Industrial Price: $2,050,000 ($143.96 / SF) Buyer: MONTOYA, OSCAR AUGUSTO Elifin's Notes: A California-based investor acquires an...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1229 St Thomas St, New Orleans, LA 70130 Type: Office Price: $1,600,000 ($245.14 / SF) Buyer: ROYAL JUG & GUN CLUB LLC Elifin's Notes: A newly renovated office property sells on Saint Thomas Street. 312 St Charles Ave, New Orleans, LA 70130 Type: Mixed-Use Price: $1,100,000 ($144.74 / SF) Buyer: 314 ST CHARLES...
A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 8585 Summa Ave, Baton Rouge, LA 70816 Type: Healthcare Price: $10,000,000 ($572.67 / SF) Buyer: Holly Court Propco LLC Elifin's Notes: The Holly Court assisted living facility sells to a Miami-based company. 37091 E Hwy 30, Geismar, LA 70734 Type: Land Price: $6,375,000 ($4.83 / Land SF)...
ELIFIN®’s Fabian Edwards, turned the office located at 5420 Corporate Blvd into a case study in value creation through strategic repositioning and owner occupancy. Challenge The property at 5420 Corporate Blvd is a 30,663 square foot office building located in a highly desirable submarket, yet it faced a difficult situation. Despite its strong location, the property was only 45% occupied and had...
Noah Loveland of ELIFIN®, specializing in Retail Sales & Leasing, represented the seller in the successful transaction at 2328 Metairie Rd. Challenge The sale presented a unique regulatory challenge. While the ±16,726 square foot, Class A mixed-use property was well located in the heart of Old Metairie, the buyer’s intended use, a 24-hour emergency and specialty veterinary hospital, was not permitted under...
A weekly update on the commercial real estate landscape of The Northshore. Commercial Sales Recorded Last Week 701 E Pine St, Ponchatoula, LA 70454 Type: Retail Price: $800,000 ($444.44 / SF) Buyer: HARMAN ENTERPRISES LLC Elifin's Notes: A convenience store/gas station sells in Ponchatoula along East Pine Street. 18574 Hwy 22, Ponchatoula, LA 70454 Type: Land Price: Withheld Buyer: ANAMAR PROPERTIES LLC Elifin's Notes: A 2+ acre tract of land sells...