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...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 11528 Old Hammond Highway Type: Multifamily Price: $11,300,000 ($60,753 / Unit) Buyer: TV Eden Point LLC Elifin's Notes: Eden Point Apartments, a 186 unit complex on Old Hammond Hwy, sells to California-based investors. 7414 Sumrall Dr Type: Healthcare Price: $2,227,500 ($58 / SF) Buyer: GBT Properties LLC Elifin's Notes: Former assisted living facility on...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4041 Magazine St Type: Retail Price: $2,200,000 ($1,348 / SF) Buyer: 4041 MAGAZINE OWNER LLC Elifin's Notes: Investors acquire 1,632 sq ft restaurant space sitting on a 0.19 acre lot in the Uptown area 1732 Saint Charles Ave Type: Retail Price: $1,600,000 ($395 / SF) Buyer: IF I ONLY HAD A KEG LLC Elifin's...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 5600 Magazine St Type: Retail Price: $31,418,000 ($1,037 / SF) Buyer: DK WFNO LLC Elifin's Notes: New York based group acquires the Whole Foods Market, made up of 30,300 sq ft of retail space sitting on 1.65 acres of land, along Magazine Street in the Uptown area near Audubon...