News

22 Aug The Pulse BR: Waffle House Purchases Lot on W Lee Drive

Posted at 07:45h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 6300 Corporate Blvd Type: Office Price: $6,870,488 ($208 / SF) Buyer: Orion Holdings LLC Elifin's Notes: Orion Laboratories purchases CitiPlace Centre II, a 2 story office building off Corporate Blvd. 9820 Old Hammond Hwy Type: Retail Price: $5,463,000 ($331 / SF) Buyer: Kamakshi Baton Rouge Realty LLC Elifin's Notes: New York-based investor purchases the...

16 Aug Commercial Sales Report – July 2022

Posted at 08:29h in Insights, Market Report: Baton Rouge, Research, The Sales Report by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Trading at an average of $77,951 per unit, Multifamily sales continue to outpace historical averages and the sector has higher transaction volume in 2022 than all other sectors. Industrial property sales are increasing in both velocity and volume based on 12-month moving averages and transaction volume is up 71% over last year at this time. Additionally,...

15 Aug The Pulse NOLA: Cypress Trace Apartments and French Quarter Multifamily

Posted at 08:32h 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 819 Saint Peter St Type: Multifamily Price: $1,169,000 ($194,833 / Unit) Buyer: PIVOT EVENTS LLC Elifin's Notes: At the center of the French Quarter, Gretna based group purchases a 6-unit multifamily property, consisting of five studio units and one 1BR/1BA unit 8080 Crowder Blvd Type: Office Price: $465,000 ($90 / SF) Buyer: EXPERT...

15 Aug The Pulse BR: Zachary Shopping Center Sells to Local Investor

Posted at 08:20h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 20377 Old Scenic Hwy Type: Retail Price: $5,750,000 ($205 / SF) Buyer: Shree Zachary LLC Elifin's Notes: Zachary shopping center sells to local investor. 5131 Essen Lane Type: Office Price: $1,150,000 ($387 / SF) Buyer: HSC 7Brew Baton Rouge LLC Elifin's Notes: Alabama-based developer purchases medical office off Essen Lane across from Our Lady...

08 Aug The Pulse NOLA: 220-Unit Apartment Complex and Magazine Street Restaurant Sold

Posted at 09:48h 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 3221 Behrman Pl Type: Office Price: $1,200,000 ($80,000 / Unit) Buyer: LEGACY COMMERCIAL VENTURES LLC Elifin's Notes: Local investors purchase Algiers office complex with 15 units, totalling 19,560 sq ft 1436 Dante Street Type: Multifamily Price: $960,000 ($192,000 / Unit) Buyer: RJL HOLDINGS LLC Elifin's Notes: Alabama based group purchases 5-unit, three 2BR/1BA and...

08 Aug The Pulse BR: Government Street Rezoning For Mixed Use Development

Posted at 07:22h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 383 Highlandia Dr Type: Office Price: $3,202,500 ($285 / SF) Buyer: Pinnacle Warehouse LLC Elifin's Notes: Office building with accompanying warehouse and vacant 1.2 acre lot sells on Highlandia Dr. 1600 Lakes Blvd Type: Multifamily Price: $3,045,000 ($145,000 / Unit) Buyer: Lewis Tec VI LLC Elifin's Notes: Local investors, Lanny and Valerie Lewis, purchase...

01 Aug The Pulse NOLA: Emeril Lagasse Purchase and Chickie Wah Wah Music Venue Sold

Posted at 08:42h 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 4021 Cadillac St, 3428501 Buchanan St Type: Healthcare Price: $11,000,000 ($215 / SF) Buyer: ST BERNARD NURSING & REHAB PROPCO LLC Elifin's Notes: Baton Rouge group purchases 51,264 sq ft nursing home facility next to City Park 2739 Tchoupitoulas St Type: Retail Price: $2,225,000 ($365 / SF) Buyer: DALTON SCARLETT BROOKS,...

01 Aug The Pulse BR: Benny’s Car Wash Purchases 12 Acres in Zachary

Posted at 08:36h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week Tract C-2-B-2-D-1-C Church St Type: Land Price: $2,000,000 ($3.71 / Land SF) Buyer: Benny's Zachary LLC Elifin's Notes: Benny's Car Wash purchases 12+ acres next to the Rouse's Market in Zachary. 505 University Walk Type: Multifamily Price: $1,100,000 ($110,000 / Unit) Buyer: University Walk, LLC Elifin's Notes: Metairie-based investor purchases 10 unit apartment building...

25 Jul The Pulse NOLA: Ochsner Health Center Location Sold to Florida Firm

Posted at 10:32h 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 1532 Allen Toussaint Blvd Type: Office Price: $35,250,000 ($606 / SF) Buyer: PARADISE CAY APARTMENTS LLC Elifin's Notes: A Florida based firm acquires the over 58,000 sq ft Oschner Health Center in the Filmore area 1315 Southlawn Blvd Type: Multifamily Price: $6,500,000 ($52,000 / Unit) Buyer: SLIDELL RENTALS I LLC Elifin's Notes: Sprawling 125-unit...

25 Jul The Pulse BR: ALDI Grocery Buys Lot at Siegen and I-10

Posted at 09:55h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week Tract A-2-A Siegen Lane Type: Land Price: $1,875,000 ($24.60 / Land SF) Buyer: Aldi Inc Elifin's Notes: Aldi, a German-based grocery store chain, purchases lot near the Siegen Lane Village Shopping Center on the corner of Siegen Lane and I-10. 11512 Lake Sherwood Ave North Type: Office Price: $1,800,000 ($206 / SF) Buyer:...