A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 3622, 3626, 3636 Bienville Avenue; 224, 228 N Telemachus St Type: Retail Price: $1,600,000 ($446 / SF) Buyer: MID CITY LANDMARK LLC Elifin's Notes: Investment group acquires the Liuzza's Restaurant and Bar property in the Mid-City area consisting of a two-story 3,586 sq ft building sitting on 0.27 acres...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 343 3rd St Type: Office Price: $2,000,000 ($67 / SF) Buyer: Antonio Clayton Elifin's Notes: Tony Clayton of the law firm Clayton, Fruge & Ward, purchases 6 story office building in downtown Baton Rouge. Tract 24-A Celtic Dr Type: Land Price: $900,000 ($15.59 / Land SF) Buyer: Procel, LLC Elifin's Notes: Commercially zoned lot...
DOWNLOAD FULL REPORT (PDF) The Commercial Sales market for East Baton Rouge Parish in 2022 remains the most active in 8 years with 424 transactions completed and $952.7mm in volume. With $462.6mm of volume year-to-date, the Multifamily sector has now surpassed its total dollar volume for all of 2021 ($436.6mm). Industrial property transaction volume is up 46.91% over last year at this time...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 331 N Alexander St, New Orleans, LA 70119 Type: Industrial Price: $3,100,000 ($44 / SF) Buyer: SQ 582 HOLDINGS LLC Elifin's Notes: Local investor buys nearly a full city block consisting of several industrial warehouse type buildings totaling 71,196 sq ft of space sitting on 1.9 acres in the...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 1900 Lobdell Blvd Type: Office Price: $13,950,000 ($390 / SF) Buyer: GEO Academies Louisiana Holdings Inc Elifin's Notes: GEO Prep Academy purchases its Mid City campus off Lobdell Blvd. Tract X-5-A-1 Commercial Dr Type: Land Price: $1,345,219 ($6.89 / Land SF) Buyer: Daniel Kennedy Properties LLC Elifin's Notes: Local investor purchases more than 4...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 915, 929, 953 Howard Ave Type: Specialty Price: $3,579,500 ($201 / SF) Buyer: NEW ORLEANS PROPERTY PARTNERS LLC Elifin's Notes: Florida-based investment group acquired the three-story 17,765 sq ft iHeart Media Building, constructed for the purpose of offices and radio production studio, sitting on a 0.76 acre lot with...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 4815 Lavey Lane Type: Specialty Price: $8,530,000 ($252 / SF) Buyer: Friends of Impact Charter Schools Elifin's Notes: Impact Charter School purchases their facility on Lavey Lane in Baker. 19.5 Acre Tract Highland Rd Type: Land Price: $5,250,000 ($6.18 / Land SF) Buyer: The Lake at Magnolia Woods LLC Elifin's Notes: 19.5 acres of...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1804 Magazine St, 1805 Hastings Place Type: Retail Price: $825,000 ($418 / SF) Buyer: HEARTBREAK BEAT LLC Elifin's Notes: Local investment group acquires two-story building with 1,973 sq ft of retail space along Magazine Street in the Lower Garden District area 744 Camp St Type: Retail Price: $300,000 ($55 / SF) Buyer: AMERICAN...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10245 Airline Highway Type: Multifamily Price: $30,000,000 ($238,095 / Unit) Buyer: LTL Royal Palms-Baton Rouge DST Elifin's Notes: The Royal Palms apartments off Airline Hwy near the I-12 intersection sells to California-bases LTL Investments, a vertically integrated multifamily investment and management firm. 505 E Airport Ave Type: Office Price: $5,904,000 ($455 /...
DOWNLOAD FULL REPORT (PDF) From the 7-year low of commercial sales activity in October 2020, East Baton Rouge Parish has seen a steady upward trajectory in number of sales and sales volume to the current all-time YTD highs of 372 transactions and $798.2 million transacted. The sales market is on pace to break the all-time record of dollar volume transacted and is...