DOWNLOAD FULL REPORT (PDF) As the Multifamily sector continues to see increased activity, the commercial market as a whole is up 29% in number of transactions and up 50% in total volume compared to 7-year averages. There have been a total of 73 commercial sales recorded so far in 2022, compared to 75 at this time in 2021. However, at...
DOWNLOAD FULL REPORT (PDF) After a record year for commercial sales in 2021, the first month of 2022 has already outpaced previous years’ January figures in total dollar volume transacted with $92.3mm – largely driven by the Multifamily sector. While the average price per unit in Multifamily for January 2022 is lower than 2020 and 2021, the dollar volume transacted...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 2022 North Lobdell Boulevard Price: Withheld Buyer: AB Aspen Apartments Owner LLC Elifin's Notes: Miami-based investors purchase the Aspen Apartments, a 117 unit apartment complex off Lobdell Blvd. Price withheld. 9449 Hampton Way Price: $461,000 ($57,625 / Unit) Buyer: Paige Holdings LLC Elifin's Notes: Florida-based investor purchases 8 unit apartment complex just...
DOWNLOAD PDF OF PRESS RELEASE February 15, 2022 - Baton Rouge, LA – George Bonvillain, Partner and Office Specialist, is pleased to announce the recent sale of Building 1 in Goodwood Office Park on Jefferson Highway. The final available building at Goodwood Office Park has sold for over $285 per square foot setting a new high for garden office sales in Baton...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 5955 Airline Hwy Price: $6,115,000 ($415 / SF) Buyer: Exchangeright Net-Leased Portfolio 54 DST Elifin's Notes: California-based investor purchases Walgreens on the corner of Airline Hwy and Greenwell St. 6254 Florida Blvd Price: $1,120,000 ($79 / SF) Buyer: RR Company of America LLC Elifin's Notes: Retail strip center sells on the corner...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 6725, 6745, 6875, 6911, 6971, 7055 Siegen Lane Price: Withheld Buyer: Siegen Plaza Retail Associates LLC Elifin's Notes: Fidelis, a Texas-based real estate investment firm, purchases Siegen Lane shopping center with Olive Garden, Chick-fil-a, Ross, Petco, and Home Goods as tenants. Price withheld. 5909 Bluebonnet Blvd Price: $5,075,000 ($157 /...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10544 Sullivan Rd Price: $1,005,000 ($319 / SF) Buyer: H & W Ventures LLC Elifin's Notes: Central City retail property anchored by Domino's sells on Sullivan Rd near the Wax Rd intersection. 13435 Hooper Rd Price: $670,000 ($266 / SF) Buyer: Shujat Holding Company Elifin's Notes: Circle K in Central sells to...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 2211 Weymouth Dr Price: $625,000 ($114 / SF) Buyer: 2211 Weymouth LLC Elifin's Notes: Office off Drusilla Lane sells to Chicago-based investor. 216 S Foster Dr Price: $1,689,781 ($47 / SF) Buyer: 216 S Foster Drive LLC Elifin's Notes: Baton Rouge Detox facility on S Foster Dr sells to Brooklyn-based investor. 4626 Sherwood...
DOWNLOAD PDF OF PRESS RELEASE February 15, 2022 - Baton Rouge, LA – Will Chadwick, Partner – Retail Sales & Leasing, is pleased to announce that Tsunami Sushi, a staple restaurant of downtown Baton Rouge for many years, will open their second Baton Rouge location in the @Highland Development at the corner of Highland Rd and Bluebonnet Blvd. “We are thrilled to...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10111 Gwenadele Ave Price: $2,706,197 ($315 / SF) Buyer: SCF RC Funding IV LLC Elifin's Notes: Celebration Station sells to Essential Properties, a New Jersey-based firm that invests in single tenant, triple net leased properties. 2750 Alaska Street Price: $3,600,000 ($40,000 / Unit) Buyer: Stadium View Apartments LLC Elifin's Notes: Local investors...
