News

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 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]...

20 Mar Market Report – Baton Rouge, LA – February 2024

Posted at 09:37h in Market Report: Baton Rouge, Research by ELIFIN® 0 Comments

Overall Dollar Volume is up 3.62% The trailing 12 month total dollar volume of sales was $610.9M at the end of Feb 2024 vs. $589.6M at the end of the prior month. Overall Deal Velocity is up 0.48% The trailing 12 month sale count was 415 at the end of Feb 2024 vs. 413 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/03/Market-Report-Baton-Rouge-LA-February-2024.pdf" attachment_id="10901"...

18 Mar The Pulse LFT: Mixed-use property along Camellia Blvd sells for 2.5mm

Posted at 09:32h 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 1003 Camellia Blvd, Lafayette, LA 70508 Type: Mixed-Use Price: $2,475,000 ($253.12 / SF) Buyer: MD4 PROPERTIES LLC Elifin's Notes: A pair of Youngsville-based investors purchase a newly constructed commercial property with two office suites on the first floor and two residential 3BR/3BA units on the second floor 804 East Saint Mary...

18 Mar The Pulse BR: Hotel developers purchase land off Corporate Blvd

Posted at 09:17h 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 9522 Brookline Ave, Baton Rouge, LA 70809 Type: Office Price: $1,650,000 ($89.75 / SF) Buyer: 9522 Brookline LLC Elifin's Notes: Local investor purchases Brookline Ave office building off Drusilla Lane. Tract B-2-A-1-A-2-B-3 West Lee Dr, Baton Rouge, LA 70820 Type: Land Price: $1,525,000 ($28.70 / Land SF) Buyer: Tasty Delites Southeast...