News

08 Apr The Pulse LFT: 21 Apartment units change hands near ULL Campus

Posted at 10:07h 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 1318 Lee Ave, Lafayette, LA 70506 Type: Multifamily Price: $1,445,000 ($68,810 / Unit) Buyer: 1318 LEE HOLDINGS LLC Elifin's Notes: An entity purchases 21 of the 23 condominium units within the Lee Avenue Apartment Complex near campus 110 Armentor St, Lafayette, LA 70501 Type: Multifamily Price: $675,000 ($27,000 / Unit) Buyer: LT ENTERPRISES LLC Elifin's...

01 Apr The Pulse LFT: Land adjacent to Ascension Episcopal School sells for 2.8mm

Posted at 09:53h 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 1803 Chemin Metairie Rd, Youngsville, LA 70592 Type: Land Price: $2,825,740 ($10.00 / Land SF) Buyer: GRACE JAMES PROPERTIES LLC Elifin's Notes: A pair of Sulphur-based investors purchase a 6.4+ acre parcel of land along Chemin Metairie Parkway adjacent to Ascension Episcopal School in Youngsville 5845 Highway 90 East 111 Southwood Dr,...

01 Apr The Pulse NOLA: French Quarter property purchased by Bevolo Gas & Electric Lights

Posted at 09:52h 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 520 Conti St, New Orleans, LA 70130 Type: Multifamily Price: $1,100,000 ($220,000 / Unit) Buyer: BEVOLO GAS & ELECTRIC LIGHTS LLC Elifin's Notes: Bevolo Gas & Electric Lights acquires a commercial property within the French Quarter on Conti Street 3308 Washington Ave, New Orleans, LA 70125 Type: Multifamily Price: $615,200 ($30,760 /...

01 Apr The Pulse BR: Former antique store with I-12 frontage sells

Posted at 09:52h 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 12455 S Harrell's Ferry Rd, Baton Rouge, LA 70816 Type: Industrial Price: $605,000 ($106.64 / SF) Buyer: Cothern Enterprises LLC Elifin's Notes: Local investor purchases S Harrell's Ferry Rd property. 9170 S Choctaw Dr, Baton Rouge, LA 70815 Type: Industrial Price: $575,000 ($46.40 / SF) Buyer: Get Your Wings LLC Elifin's Notes:...

25 Mar The Pulse LFT: City of Lafayette purchases Vermilion Conference Center

Posted at 09:21h 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 5110 Johnston St, Lafayette, LA 70503 Type: Industrial Price: $3,125,000 ($173.61 / SF) Buyer: DOUG ASHY BUILDING MATERIALS INC Elifin's Notes: Doug Ashy Building Materials acquires a pair of commercial buildings on over 11 acres of land near their primary complex on Johnston Street 326 Gauthier Rd, Lafayette, LA 70501 Type: Office Price:...

25 Mar The Pulse NOLA: Gayle Benson purchases land, 65mm apartment sale

Posted at 09:06h 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 1499 Central Park Blvd, Harvey, LA 70058 Type: Multifamily Price: $65,000,000 ($180,556 / Unit) Buyer: FC HARVEY LLC Elifin's Notes: The Waters at Manhattan, a 360-unit multifamily property in Harvey, sells 6364 Woodland Hwy, New Orleans, LA 70131 Type: Multifamily Price: $6,500,000 ($43,046 / Unit) Buyer: 9900 TIMBER RIDGE LLC Elifin's Notes: The Timber...

25 Mar The Pulse BR: Zachary mobile home park sells for 2mm

Posted at 09:06h 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 9895 Florida Blvd, Baton Rouge, LA 70815 Type: Multifamily Price: $2,500,000 ($32,468 / Unit) Buyer: The Mirage Villa Apartments LLC Elifin's Notes: The Mirage Villa Apartments, a 77-unit complex on Florida Blvd near Sharp Lane, sells to group of local investors. 18750 Old Scenic Hwy, Zachary, LA 70791 Type:...

22 Mar What is a Modified Gross Lease?

Posted at 15:01h in Commercial, Content, Leasing by ELIFIN® 0 Comments

A Modified Gross Lease is a type of commercial lease agreement where the tenant pays a base rent along with a specified combination of the operating expenses associated with the property. These expenses can include utilities, maintenance, insurance, and taxes. The unique aspect of this lease is the negotiation flexibility it offers, allowing tenants and landlords to tailor the agreement...

22 Mar Are Churches Considered Commercial or Residential Property?

Posted at 10:41h in Commercial, Content by ELIFIN® 0 Comments

In the commercial real estate world, It is important to understand the classification of various properties. This is especially true for unique properties like churches, which serve specific purposes and hold special places in communities. A common question that arises is whether churches are considered commercial or residential properties. The Classification of Churches in Real Estate Churches are generally classified as commercial...

20 Mar Market Report – New Orleans, LA – February 2024

Posted at 09:39h in Insights, Market Report: New Orleans, Research by ELIFIN® 0 Comments

Overall Dollar Volume is up 1.79% The trailing 12 month total dollar volume of sales was $682.1M at the end of Feb 2024 vs. $670.1M at the end of the prior month. Overall Deal Velocity is steady The trailing 12 month sale count was 403 at the end of Feb 2024. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/03/Market-Report-New-Orleans-LA-February-2024.pdf" attachment_id="10903" viewer_width=100% viewer_height=800px fullscreen=true download=true print=true]...