31 Dec How competitive is commercial real estate?
Selling commercial real estate may be a competitive and possibly stressful job, however you do not need to be aggressive or cutthroat in your business practices to do very well in the industry. If you are able to convert leads and continually bring in a new string of business, even in market turns, you will have a competitive edge over...
30 Dec Multifamily Property in Tigerland Sold
DOWNLOAD PDF December 27th, 2019 - Baton Rouge, LA – Mark Segalla, Multifamily Specialist at Elifin Realty, has announced the sale of 4552 Earl Gros Ave in Baton Rouge, LA. This multifamily apartment complex is located in Tigerland, just seconds from LSU’s campus. With the assistance of Elifin Realty, multifamily investors Eric and Susan D. Morrison have added this investment to their...
30 Dec The Pulse: Top 5 Commercial Real Estate Owner Mistakes of 2019
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 11420 Bard Ave Price: $1,100,000 ($25,000 / Unit) Buyer: Contour Sable Chase LLC Elifin's Notes: New Orleans investor, Max Perret, purchases Sherwood Shadow Condos, a 44-unit complex near the corner of Bard Ave and N Sherwood Forest Dr. 3126, 3150, 3152, 3154 Nicholson Dr Price: $480,000 ($40,000 / Unit) Buyer: Beaurayne...
27 Dec What Type of Commercial Property Has the Best Returns?
Commercial real estate is broken down into four major categories: Office Retail Multi-family Industrial But within these four major categories there is a lot of variety. For instance, a retail space could be a small strip mall, a single building, or a full-sized mall. A multi-family property can range from a building that contains four apartments or 100 apartments to a...
24 Dec Top 5 Commercial Real Estate Owner Mistakes of 2019
This is Mathew Laborde, CCIM, coming to you on Christmas Eve from Elifin Realty. So far in 2019, I've done a total of 84 transactions. In those 84 transactions, I've seen a lot of good and a lot of bad. Here's my list of the top 5 mistakes that I've seen commercial real estate property owners make in 2019, that...
23 Dec The Pulse: 2 Large Multifamily Sales + New Jones Creek Restaurant
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 1860 Boulevard de Province Price: $4,567,500 ($21,959 / Unit) Buyer: Contour Sable Chase LLC Elifin's Notes: The Sable Chase Apartments complex sells to Michigan-based Contour Companies, a firm that specializes in commercial and residential developments and multifamily revitalization. The 208 unit complex is located between Old Hammond Hwy...
23 Dec How Do I Choose the Right Commercial Real Estate Broker?
When you’re ready to list your commercial real estate, whether it’s an investment property or a brick and mortar storefront you used for your business, one question looms large: How do I choose the right commercial real estate broker? There are a few things to take into consideration, including the size of the brokerage, their location, and whether or not you connect...
20 Dec What Is a Good Percentage Return on Commercial Property in Baton Rouge?
The return on commercial investment property in Baton Rouge can vary, and your goals determine whether or not the percentage return is good or not. Many people who own investment properties are using their returns as retirement income, supplemental or otherwise. For these people, a more secure deal is desirable over a high risk deal where they may lose some money....
19 Dec What is considered commercial real estate?
While it is indeed a broad term, to put it simply, commercial real estate is every single property short of a single-family residential home. If it's not a single-family detached residential home, condo, or town-home — you can place a safe bet on the fact that it's commercial. In comparison to residential, commercial real-estate is also often considerably larger spaces than...
18 Dec How do I find the value of a commercial property?
Finding the value of a commercial property can be exceptionally trickier than that of a residential. The reason for this is because you're usually provided with a long list of comparable residential properties that have already sold. So, when you're in a subdivision, you may be in one house out of a hundred or even several hundred that can be...
