14 Nov How do I evaluate a commercial property to purchase?
As a commercial real estate investor, it is crucial that you know how to properly evaluate a property before making an offer. You may be eyeing a commercial property to purchase, but before investing it is critical to know how much the property is actually worth. What will be the rate of return on the property? Is the asking price...
11 Nov The Pulse: LWCC Purchases Former La Quinta Inn + 2 National Auto Service Retailers Purchases Land in BR
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 9442, 9452, 9560 Angus Ave Price: $1,450,000 ($60,417 / unit) Buyer: Duke Rentals of Zachary LLC Elifin's Notes: Three 8-plexes in Zachary sell each containing 2 bed / 1 bath units. 3905 Convention St Price: $290,000 ($41 / SF) Buyer: HIV/AIDS Alliance for Region Two (HAART), Inc Elifin's Notes: HAART, a non-profit...
11 Nov What is the typical lease term for office space?
This is kind of a trick question. Unlike residential real estate where leases are typically for 1 year, lease terms for commercial real estate vary widely. Many times, the lease term will depend on the building type, whether it’s a one story garden type office or a multi-story/multi-tenant building that you’d see downtown and other areas of Baton Rouge. Lease terms...
11 Nov Can I request my landlord to make upgrades to my office space before I move in?
Generally, office space is tailored to each specific businesses' needs whether it be small things like paint colors or big things like locations of walls and offices. When you’re moving into a new office space, it’s likely that the decisions that the previous business made for the space will not meet your needs for the space. Because of this, you...
06 Nov Versatile Property with 70-unit Self-Storage SOLD
DOWNLOAD PDF VERSATILE PROPERTY WITH 70-UNIT SELF-STORAGE SOLD November 6, 2019 – Baton Rouge, LA – Elifin Realty has announced the sale of 1815, 1835 Dallas Dr, located in the large commercial district near Tom Drive and Airline Highway. Luke Gomez of Gable Construction, LLC has purchased the ±0.83 acre property for $260,000. The property is improved with a recently renovated ±4,855 SF...
05 Nov Is there a Zillow for commercial real estate?
Zillow has taken the residential real estate market by storm and become the go-to for anyone looking to buy a home. So, if you’re in the market for commercial real estate, the next logical question is whether or not there is a Zillow for commercial real estate. While there are a few sites that compile commercial real estate information, none...
05 Nov How Do I Find a Commercial Property Online?
For people looking to purchase residential real estate, there is a wealth of websites to choose from. Sites like Zillow, Homes.com, and even individual brokerage sites include search tools and a wide variety of listings for you to browse from the comfort of your home. Things get a little more difficult if you’re trying to find a commercial property online. There...
04 Nov The Pulse: All Star Catering Purchases Florida Blvd Properties + Fairfield Inn & Suites by Marriott Sells
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 7959 Essen Park Ave Price: $3,464,899 ($44,422 / Unit) Buyer: Prestige Hospitality Investments LLC Elifin's Notes : Mississippi based investor purchases Fairfield Inn & Suites by Marriott located off Essen Ln near I-10. 8235 Florida Blvd Price: $767,500 ($103 / SF) Buyer: All Star Properties LLC Elifin's Notes : Brian Medlin of...
29 Oct All Star Catering Planning Expansion and Move to Florida Blvd
DOWNLOAD PDF October 25, 2019 - Baton Rouge, LA — Mathew Laborde, President & CEO at Elifin Realty, has announced the sale of the property located at 8235 & 8255 Florida Blvd, Baton Rouge, LA 70806. All Star Catering owner, Brian Medlin, has purchased two buildings on Florida Blvd with plans to broaden his company’s catering services. The new ±7,000 SF space...
28 Oct The Pulse: Central Donut Shop + Downtown Paid Parking Lot Sales
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 13336 Hooper Rd Price: $450,000 ($173 / SF) Buyer: Peou Toch Elifin's Notes: Owner of the Town Donut & Breakfast in Central purchases the property where the business is located. 524 N 6th St Price: $495,000 ($61.88 / Land SF) Buyer: 524 N 6th St Elifin's Notes: Paid parking lot sells in...
