A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 5298 Highland Rd, Baton Rouge, LA 70808 Type: Retail Price: $3,550,000 ($287.80 / SF) Buyer: 5298 Highland Rd LLC Elifin's Notes: Walgreens location on the corner of Highland Rd and Lee Dr sells to New York-based investor. 571 Kornmeyer Plaza Drive, Baton Rouge, LA 70806 Type: Industrial Price:...
Overall Dollar Volume is steady The trailing 12 month total dollar volume of sales was $731.5M at the end of Apr 2024. Overall Deal Velocity is steady The trailing 12 month sale count was 398 at the end of Apr 2024. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/05/Market-Report-New-Orleans-LA-April-2024.pdf" attachment_id="11598" viewer_width=100% viewer_height=800px fullscreen=true download=true print=true]...
Overall Dollar Volume is down 7.73% The trailing 12 month total dollar volume of sales was $545.8M at the end of Apr 2024 vs. $591.5M at the end of the prior month. Overall Deal Velocity is steady The trailing 12 month sale count was 397 at the end of Apr 2024. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/05/Market-Report-Baton-Rouge-LA-April-2024.pdf" attachment_id="11597" viewer_width=100% viewer_height=800px fullscreen=true download=true print=true]...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 308 Saint Charles Avenue, New Orleans, LA 70130 Type: Mixed-Use Price: $1,925,000 ($234.76 / SF) Buyer: BIG EASY INVESTMENTS LLC OF NEW MEXICO Elifin's Notes: Big Easy Investments LLC of New Mexico purchase a mixed-use property with a street-level restaurant space, currently occupied by Daisy Dukes Cafe, and three...
A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 1815 Eraste Landry Rd, Lafayette, LA 70506 Type: Multifamily Price: $805,400 ($67,117 / Unit) Buyer: MAPLE LEAF LIVING LLC Elifin's Notes: A pair of local investors purchase the Maple Leaf Apartments, 12-units, on Eraste Landry Road 113, 114 Twin Meadow Lane, Lafayette, LA 70508 Type: Land Price: $315,000 ($4.95 / Land SF) Buyer: GFYM...
A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week Tract AP-1 Weber City Rd, Gonzales, LA 70737 Type: Land Price: $735,000 ($2.25 / Land SF) Buyer: Ascension Parish Government Elifin's Notes: The Ascension Parish Government purchases 7.5+ acres within an existing 14+ acre tract of land fronting on Weber City Road in Gonzales 3765 North Acadian Thruway,...
A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 425 Settlers Trace Boulevard, Lafayette, LA 70508 Type: Office Price: $8,200,000 ($266.49 / SF) Buyer: 425 SETTLERS LLC Elifin's Notes: A two-story Class A medical office building sells on Settlers Trace Boulevard 1304 Bertrand Drive, Lafayette, LA 70506 Type: Office Price: $3,150,000 ($62.18 / SF) Buyer: BE TRO LLC Elifin's Notes: A six building office...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2907, 2909 Tulane Avenue, New Orleans, LA 70119 Type: Retail Price: $874,000 ($295.47 / SF) Buyer: KIDS KINGDOM ACADEMY & DAYCARE LLC Elifin's Notes: In one of their two purchases last week, Kid's Kingdom Academy & Daycare purchases their location along Tulane Avenue 1000 Bourbon Street, New Orleans, LA 70116 Type:...
A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 3202 South Sherwood Forest Boulevard, Baton Rouge, LA 70816 Type: Retail Price: $1,450,000 ($173.34 / SF) Buyer: Hailiang Lin Elifin's Notes: S Sherwood Forest Blvd property formerly used as Volcano Korean BBQ & Hot Pot restaurant sells. 8450 Madrid Avenue, Baton Rouge, LA 70814 Type: Industrial Price: $1,000,000 ($38.76 /...
May 9, 2024 - Lafayette, LA – ELIFIN® is proud to announce the successful sale of 1304 Bertrand Drive in Lafayette, LA, for $3.15 million. Despite the complexities involved, the deal was successfully closed just 60 days after listing, with the property under contract within seven days. ELIFIN® representatives Brandon Abdella, Associate, and Fabian Edwards, Senior Associate, brokered the transaction,...