A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 6921 Johnston St, Lafayette, LA 70503 Type: Land Price: $950,000 ($2.54 / Land SF) Buyer: HTT ALLIANCE LLC Elifin's Notes: An 8.5+ acre parcel of vacant commercial land sells along Johnston Street near East Broussard Road 856, 858 Ridge Rd, Duson, LA 70529 Type: Industrial Price: $680,000 ($53.13 / SF) Buyer: BELLARD, LEO IVAN...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3045 Ridgelake Dr, Metairie, LA 70002 Type: Office Price: $2,150,000 ($170.82 / SF) Buyer: 3045 RIDGELAKE LLC Elifin's Notes: A three-story office building sells at the intersection of 20th Street and Ridgelake Drive. 5050-5058 Lapalco Blvd, Marrero, LA 70072 Type: Retail Price: $899,000 ($64.21 / SF) Buyer: COVERED PROPERTIES LLC Elifin's Notes: A neighborhood...
Zoning regulations shape the landscape of commercial real estate, affecting everything from property use to development feasibility and investment returns. But are zoning rules stopping you from building the business of your dreams? Imagine you have a great idea for a new store or office, but zoning regulations say you can't build it where you want. Zoning rules can limit your...
Investing in commercial real estate can be daunting and risky without a strategic approach. Many investors struggle to navigate the complexities of the market, leading to missed opportunities and potential financial setbacks. Imagine putting your hard-earned money into a single property, only to face unforeseen challenges that impact your returns. Without diversification, you're vulnerable to market fluctuations and economic downturns. Without...
Selling a property is a big deal - it's not just about selling a building, but about making sure you get the best deal possible. Without the right support, you might not get as much money as you could, or you could run into problems with paperwork or negotiations. That's where a good broker comes in. A knowledgeable broker not only simplifies...
If you’re looking for a reliable way to build lasting wealth, investing in commercial real estate is a strong option because it can generate substantial income in different ways over time. However, navigating the complexities of commercial real estate requires a solid understanding of all the factors that drive profitability. Knowing some of the primary ways you can make money in...
Many aspiring real estate investors get into the market with high hopes, only to find themselves overwhelmed and struggling to make profitable decisions. Suppose you use your hard-earned savings to buy property and then you make little to no profit - or worse, you lose money. It can be really frustrating and stressful to deal with bad investments and missed chances....
Investing in commercial real estate goes beyond having financial resources; it demands a strategic mindset focused on long-term growth and resilience. Success in this field is about more than making great deals. Everyone in commercial real estate, from investors to owners to agents, has to overcome mental barriers and adopt the right attitude towards challenges and setbacks. Here are some practical...
Deciding to sell a property is a big decision for property owners. There are many reasons and motivations that someone would be thinking of selling their commercial property. It could be retirement, hardship or life events, tired of managing property, or even the need for capital to seek larger opportunities. No matter the motivation, the real question is “what is the best...
Understanding Cash Flow Properties Properties that “cash flow” are properties that generate more rental income than the costs associated with owning and maintaining them, providing owners and investors with a steady stream of revenue. The basic calculation is straightforward: Cash Flow = Rental Income − Rental Expenses This fundamental concept is essential for identifying profitable investments and ensuring sustainable growth in your real...