DOWNLOAD FULL REPORT (PDF) Activity in the commercial sales market continues to increase as Q1 2021 ends. The number of overall sales transactions is up 49% over the previous 6-year average and the total $ volume is up nearly 98%. With 9 multifamily sales in March 2021, the Multifamily sector is now up 100% over previous YTD figures. Total...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 2105 Oak Villa Blvd Price: $3,500,000 ($29 / SF) Buyer: Ametek DE LLC Elifin's Notes: Ametek, a global electronics manufacturer, purchases Orion Instruments office and warehouse near the corner of Oak Villa Blvd and S Choctaw Dr. 4573 Bennington Ave Price: $178,000 ($132 / SF) Buyer: Mo's Art Supply & Framing...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 2435 Drusilla Lane Price: $670,000 ($83 / SF) Buyer: JakCar LLC Elifin's Notes: Real estate agents purchase office building on the corner of Drusilla Lane and Brookline Ave. 1885 Wooddale Blvd Price: $525,000 ($5 / SF) Buyer: Rhino Holdings Wooddale LLC Elifin's Notes: A Nevada-based investment firm, Rhino Investments, purchases former state...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 20191 Plank Rd Price: $700,000 ($241 / SF) Buyer: Family Enterprise 1 Inc Elifin's Notes: Local investor purchases Shell branded gas station in Zachary on the corner of Plank Rd and Main St. 1900 Main St Price: $1,250,000 ($20 / SF) Buyer: 1900 Main St LLC Elifin's Notes: Moore Care Caregiver Services...
DOWNLOAD FULL REPORT (PDF) Through February 2021 the total number of commercial sales and total dollar volume of commercial sales are both up 40% over the previous 6-year averages, signaling a strong start to 2021. Compared to this time in 2020, the number of commercial sales in 2021 is up 36% and the total dollar volume transacted is up 63%. ...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 11716 Bricksome Ave Price: $272,000 ($$21.40 / SF) Buyer: RRMorris Properties LLC Elifin's Notes: Two office buildings sell off S Sherwood Forest Blvd near I-12. 7170 Burbank Dr Price: $350,000 ($19.13 / SF) Buyer: B Jasper Holdings LLC Elifin's Notes: Local doctor purchases office building on Burbank Dr west of Staring Lane...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 14343 Greenwell Springs Rd Price: $585,000 ($443 / SF) Buyer: Fast Stop Realty LLC Elifin's Notes: Marathon branded gas station on the corner of Greenwell Springs Rd and Sullivan Rd in Central sells to group of local investors. 10605 Airline Hwy Price: $270,000 ($87 / SF) Buyer: Ali Abdo Hagag Elifin's Notes:...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 9123 Cortana Pl Price: $12,500,000 Buyer: Amazon.com Services LLC Elifin's Notes: Amazon purchases former Mervin's location and the center of the shuttered Cortana Mall in preparation for the online retailer's forth coming distribution center. 9501 Cortana Pl Price: $4,750,000 Buyer: Amazon.com Services LLC Elifin's Notes: Amazon purchases former Virginia College property at...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10732 S Mall Dr Price: $34,500,000 ($75,000 / Unit) Buyer: Evergreen at Tuscany Villas LLC Elifin's Notes: Tuscany Villas Apartments, a 460-unit complex located off Siegen Lane near I-10, sells to Florida-based investor. 1701 Main St Price: $1,090,250 ($66 / SF) Buyer: East Baton Rouge Council on the Aging, Inc Elifin's Notes:...
DOWNLOAD FULL REPORT (PDF) A total of $45m was transacted in commercial sales volume in January 2021 in East Baton Rouge Parish, compared to $25.2m at this time last year–an increase of 78%. Commercial sales activity was up 48% in January 2021 compared to the average year-to-date figures over the previous 6 years. The Industrial sector saw a significant increase in activity (+223%)...
