News

12 Feb The Pulse LFT: Champagne Grocery & Deli property near Cajundome sells

Posted at 10:06h in Research, The Pulse, The Pulse: Lafayette by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 115 Beau Pre Rd, Lafayette, LA 70508 Type: Industrial Price: $475,000 ($38.31 / SF) Buyer: SHREYANSH LLC Elifin's Notes: An industrial property changes hands along Beau Pre Road near West Pinhook Road 201 Andre St, Carencro, LA 70520 Type: Multifamily Price: $261,000 ($13,737 / Unit) Buyer: HOLY FAMILY PROPERTIES LLC Elifin's Notes: A pair of...

12 Feb The Pulse NOLA: California entity purchases mobile home park

Posted at 09:28h 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 7500 Chef Menteur Hwy, New Orleans, LA 70126 Type: Multifamily Price: $1,950,000 ($62,903 / Unit) Buyer: JMRV SUPERIOR INVESTMENTS LLC Elifin's Notes: A California-based investor purchases a mobile home park along Chef Menteur Highway in the Viavant/Venetian Isles area 3020 20th St, Metairie, LA 70002 Type: Office Price: $875,000 ($122.21 / SF) Buyer:...

12 Feb The Pulse BR: Florida entity purchases 5 storage facilities

Posted at 09:25h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 7808 Greenwell Springs Rd, Baton Rouge, LA 70814 Type: Retail Price: $1,825,000 ($608.33 / SF) Buyer: Brock's Real Estate LLC Elifin's Notes: Shreveport-based investor purchases service station near the corner of Greenwell Springs Rd and Airline Hwy. 7808 Greenwell Springs Rd, Baton Rouge, LA 70814 Type: Retail Price: $770,000 ($256.67...

05 Feb The Pulse LFT: Dairy Queen property on Kaliste Saloom Rd sells

Posted at 09:27h in Research, The Pulse, The Pulse: Lafayette by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 3300BLK NW Evangeline Thwy, Carencro, LA 70520 Type: Land Price: $827,000 ($3.52 / Land SF) Buyer: PRIMAX PROPERTIES LLC Elifin's Notes: Primax Properties, based in Charlotte, North Carolina, purchases 5+ acres of vacant commercial land along I-49 in Carencro 230 Cactus Rd, Duson, LA 70529 Type: Industrial Price: $305,000 ($76.25 / SF) Buyer: GC...

05 Feb The Pulse NOLA: French Quarter mixed-use property sells for 2.7mm

Posted at 09:24h 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 201 Decatur St, New Orleans, LA 70130 Type: Retail Price: $2,700,000 ($330.60 / SF) Buyer: BUTTERFIELDS BUTTER LLC Elifin's Notes: A mixed-use property sells at the corner of Decatur Street and Iberville Street in the French Quarter 9601 Jefferson Hwy, New Orleans, LA 70121 Type: Retail Price: $2,084,000 ($577.61 / SF) Buyer: MCDONALDS...

05 Feb The Pulse BR: Dayton Car Care property on O’Neal Lane sold

Posted at 09:22h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 2862 O'Neal Lane, Baton Rouge, LA 70816 Type: Retail Price: $1,100,000 ($104.76 / SF) Buyer: Tam Chu Elifin's Notes: Automotive repair shop, Dayton Car Care, sells on O'Neal Lane near the S Harrell's Ferry Rd intersection. 18287 Swamp Rd, Prairieville, LA 70769 Type: Industrial Price: $955,000 ($136.43 / SF) Buyer: GREEN...

29 Jan The Pulse LFT: Hotel investors purchase two hotels for 25.5mm

Posted at 09:18h in Research, The Pulse, The Pulse: Lafayette by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 1909 Kaliste Saloom Rd, Lafayette, LA 70508 Type: Hospitality Price: $13,750,000 ($129,717 / Unit) Buyer: OM SHANTI OM TWELVE LLC Elifin's Notes: In one of two acquisitions this past week, Om Shanti Om LLC, a hotel investment group, purchases the Home2 Suites within the Parc Lafayette Center 201 Kaliste Saloom Rd,...

29 Jan The Pulse NOLA: American National Red Cross purchases office for 1.45mm

Posted at 09:10h 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 4140 Williams Blvd, Kenner, LA 70065 Type: Office Price: $1,450,000 ($148.26 / SF) Buyer: AMERICAN NATIONAL RED CROSS Elifin's Notes: The American National Red Cross acquires an office building on Williams Boulevard near the Pontchartrain Convention Center 3121 21st St, Metairie, LA 70002 Type: Office Price: $900,000 ($112.50 / SF) Buyer: Morris Brett...

29 Jan The Pulse BR: Former Sammy’s Grill location in Prairieville sells

Posted at 09:10h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 2105 Oak Villa Blvd, Baton Rouge, LA 70815 Type: Industrial Price: $4,700,000 ($97.66 / SF) Buyer: Lloyd Properties, LLC Elifin's Notes: Cornerstone Flooring purchases building on the corner of Oak Villa and S Choctaw Dr for its headquarters. 16400 Airline Hwy, Prairieville, LA 70769 Type: Retail Price: $4,200,000 ($420.00 /...

25 Jan Market Report – New Orleans, LA – December 2023

Posted at 10:02h in Insights, Market Report: New Orleans, Research by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is up 3.66% The trailing 12 month total dollar volume of sales was $645.0M at the end of Dec 2023 vs. $622.3M at the end of the prior month. Overall Deal Velocity is up 1.79% The trailing 12 month sale count was 397 at the end of Dec 2023 vs. 390 at the end of the prior...