News

05 Sep The Pulse NOLA: Martin Behrman schoolhouse property sold for 25mm

Posted at 08:43h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 1 Comment

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 715 Opelousas Ave Type: Specialty Price: $25,497,582 ($212 / SF) Buyer: LOVING SCHOOL FACILITY L L C Elifin's Notes: Non-profit acquires the Martin Behrman schoolhouse property with approximately 120,000 sq ft of space sitting on a 1.9 acre lot in the Algiers Point area 3869-3871 Gentilly Blvd Type: Mixed-Use Price: $1,400,000 ($700,000...

05 Sep The Pulse BR: Baton Rouge General Purchases Land

Posted at 08:37h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 855 South Flannery Road Type: Multifamily Price: $7,320,000 ($61,000 / Unit) Buyer: Acadian Place 2022 LLC Elifin's Notes: Balitmore-based investor purchases the Acadian Place Apartments, a 120 unit complex on S Flannery Rd near Goodwood Blvd. 8012 Bayou Fountain Ave Type: Portfolio Price: $6,700,000 ($93,056 / Unit) Buyer: Signal SFR LLC Elifin's Notes: Flock...

29 Aug The Pulse NOLA: 7 Sales plus 3 Million Dollar renovation at Baptist Theological Seminary

Posted at 08:51h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2022-2024, 2026, 2030-2032 Baronne St Type: Multifamily Price: $2,275,000 ($175,000 / Unit) Buyer: VERSAI INVESTMENT GROUP LLC Elifin's Notes: Local investment group acquires a 13-unit three building apartment compound, consisting of floorplans with 2BR/2BA, 2BR/1.5BA, 2BR/1BA, and 1BR/1BA, with gated entry and parking and pool on Baronne St in...

29 Aug The Pulse BR: Multiple Geaux Clean Car Wash locations sold to Investors

Posted at 08:44h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 263 Eddie Robinson Sr Dr Type: Retail Price: $1,300,000 ($181 / SF) Buyer: Ross Gold LLC Elifin's Notes: Desselle Funeral Home owners purchase their facility in downtown Baton Rouge. 10811 Burbank Dr Type: Land Price: $731,803 ($14.00 / Land SF) Buyer: Ngo and Fresina Properties LLC Elifin's Notes: Commercially zoned lot sells on Burbank...

22 Aug The Pulse NOLA: Old Holy Cross Campus Sold plus Benson group buys Bourbon St building

Posted at 07:45h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 6200 Saint Charles Ave Type: Specialty Price: $1,750,000 ($126 / SF) Buyer: 6200 ST CHARLES LLC Elifin's Notes: Local investors acquire a two-story 13,836 sq ft historic church on St. Charles Avenue, a block off of Audubon Park 3133 Ponce De Leon St Type: Retail Price: $870,590 ($445 / SF) Buyer: MOOSE AND...

22 Aug The Pulse BR: Waffle House Purchases Lot on W Lee Drive

Posted at 07:45h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 6300 Corporate Blvd Type: Office Price: $6,870,488 ($208 / SF) Buyer: Orion Holdings LLC Elifin's Notes: Orion Laboratories purchases CitiPlace Centre II, a 2 story office building off Corporate Blvd. 9820 Old Hammond Hwy Type: Retail Price: $5,463,000 ($331 / SF) Buyer: Kamakshi Baton Rouge Realty LLC Elifin's Notes: New York-based investor purchases the...

16 Aug Commercial Sales Report – July 2022

Posted at 08:29h in Insights, Market Report: Baton Rouge, Research, The Sales Report by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Trading at an average of $77,951 per unit, Multifamily sales continue to outpace historical averages and the sector has higher transaction volume in 2022 than all other sectors. Industrial property sales are increasing in both velocity and volume based on 12-month moving averages and transaction volume is up 71% over last year at this time. Additionally,...

15 Aug The Pulse NOLA: Cypress Trace Apartments and French Quarter Multifamily

Posted at 08:32h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 819 Saint Peter St Type: Multifamily Price: $1,169,000 ($194,833 / Unit) Buyer: PIVOT EVENTS LLC Elifin's Notes: At the center of the French Quarter, Gretna based group purchases a 6-unit multifamily property, consisting of five studio units and one 1BR/1BA unit 8080 Crowder Blvd Type: Office Price: $465,000 ($90 / SF) Buyer: EXPERT...

15 Aug The Pulse BR: Zachary Shopping Center Sells to Local Investor

Posted at 08:20h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 20377 Old Scenic Hwy Type: Retail Price: $5,750,000 ($205 / SF) Buyer: Shree Zachary LLC Elifin's Notes: Zachary shopping center sells to local investor. 5131 Essen Lane Type: Office Price: $1,150,000 ($387 / SF) Buyer: HSC 7Brew Baton Rouge LLC Elifin's Notes: Alabama-based developer purchases medical office off Essen Lane across from Our Lady...

08 Aug The Pulse NOLA: 220-Unit Apartment Complex and Magazine Street Restaurant Sold

Posted at 09:48h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3221 Behrman Pl Type: Office Price: $1,200,000 ($80,000 / Unit) Buyer: LEGACY COMMERCIAL VENTURES LLC Elifin's Notes: Local investors purchase Algiers office complex with 15 units, totalling 19,560 sq ft 1436 Dante Street Type: Multifamily Price: $960,000 ($192,000 / Unit) Buyer: RJL HOLDINGS LLC Elifin's Notes: Alabama based group purchases 5-unit, three 2BR/1BA and...