News

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 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...

25 Jan Market Report – Baton Rouge, LA – December 2023

Posted at 10:00h in Market Report: Baton Rouge, Research by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is up 11.25% The trailing 12 month total dollar volume of sales was $613.4M at the end of Dec 2023 vs. $551.4M at the end of the prior month. Overall Deal Velocity is up 0.71% The trailing 12 month sale count was 428 at the end of Dec 2023 vs. 425 at the end of the prior...

25 Jan Cornerstone Flooring Companies Acquires New Headquarters at 2105 Oak Villa Blvd

Posted at 09:35h in News, Press Releases by ELIFIN® 0 Comments

January 25, 2024 - Baton Rouge, LA – Alex Ruch, Senior Associate - Industrial Sales & Leasing at ELIFIN®, is proud to announce the successful acquisition of 2105 Oak Villa Blvd by Cornerstone Flooring Companies. The property, comprising approximately 48,125 sqft of office, production, and warehouse space on 6.3 acres, is set to become the new flagship headquarters for Cornerstone...