News

15 May The Pulse NOLA: Large retail property in Terrytown sells for 3.8mm

Posted at 08:57h 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 2703 Belle Chasse Hwy Type: Retail Price: $3,800,000 ($104.13 / SF) Buyer: AVILA PROPERTIES LLC Elifin's Notes: Large retail property sells along Belle Chasse Highway 4422 Magazine Street Type: Retail Price: $950,000 ($442.48 / SF) Buyer: JADES NAIL BAR LLC Elifin's Notes: Local entity purchases a retail property along Magazine Street in the Uptown...

15 May The Pulse BR: Exxon branded gas station in Mid City sells

Posted at 08:52h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 1334 Florida St Type: Retail Price: $1,370,000 ($263.46 / SF) Buyer: RC 1334 Florida Blvd LLC Elifin's Notes: Georgia-based investor purchases an Exxon branded gas station in Mid-City. 5015 Bluebonnet Blvd Type: Office Price: $1,320,000 ($322.11 / SF) Buyer: J.B. Levert Land Company, LLC Elifin's Notes: Investor purchases medical office on Bluebonnet Blvd. 6860 Exchequer...

12 May Market Report – New Orleans, LA – April 2023

Posted at 09:40h in Insights, Market Report: New Orleans, Research by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is up 1.24% The trailing 12 month total dollar volume of sales was $1.128B at the end of Apr 2023 vs. $1.114B at the end of the prior month. Overall Deal Velocity is down 2.92% The trailing 12 month sale count was 484 at the end of Apr 2023 vs. 498 at the end of the prior...

12 May Market Report – Baton Rouge, LA – April 2023

Posted at 09:39h in Insights, Market Report: Baton Rouge, Research by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Overall Dollar Volume is down 2.65% The trailing 12 month total dollar volume of sales was $1.069B at the end of Apr 2023 vs. $1.098B at the end of the prior month. Overall Deal Velocity is down 2.9% The trailing 12 month sale count was 513 at the end of Apr 2023 vs. 528 at the end of the prior...

08 May The Pulse LFT: Holiday Village Mobile Home Park sells

Posted at 09:04h 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 2808 W Pinhook Rd Type: Multifamily Price: $2,500,000 ($48,076.92 / Unit) Buyer: LAFAYETTE MHP LLC Elifin's Notes: New York-based entity purchases the 52-unit Holiday Village Mobile Home Park sitting on 10.894 acres near the intersection of Verot and Pinhook 112 Guernsey Ln Type: Industrial Price: $1,200,000 ($93.17 / SF) Buyer: TKSM HOLDINGS LLC Elifin's Notes:...

08 May The Pulse NOLA: Former Army National Guard facility sells

Posted at 08:48h 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 4200 Michoud Blvd Type: Industrial Price: $1,250,000 ($8.00 / SF) Buyer: 4200 MICHOUD LLC Elifin's Notes: An entity, led by Barry Kern, purchases the former Army National Guard facility sitting on 12.185 acres of land in the Michoud area 1731 Baronne St Type: Retail Price: $819,120 ($128.27 / SF) Buyer: EFFORTS OF GRACE...

08 May The Pulse BR: The Shiloh Apartments off of Florida sell

Posted at 08:41h 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 5677 Florida Blvd Type: Retail Price: $740,000 ($74 / SF) Buyer: Cash America Inc of Louisiana Elifin's Notes: Texas-based Cash America Inc purchase their location on Florida Blvd near N Ardenwood Dr. 6869 Rembrandt Avenue Type: Multifamily Price: $700,000 ($50,000 / Unit) Buyer: SB Estates LA LLC Elifin's Notes: The Shiloh apartment complex, a...

01 May The Pulse LFT: Renowned Jefferson Street Pub building sells for $2.6mm

Posted at 09:33h 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 500 Jefferson St Type: Mixed-Use Price: $2,600,000 ($173.33 / SF) Buyer: SEVEN OAKS GRAND COTEAU LLC Elifin's Notes: Arnaudville-based investors purchase the renowned downtown building housing the Jefferson Street Pub on the first floor and 5 apartments on the second, along with the adjacent 0.356 acres of commercial land, currently...

01 May The Pulse NOLA: 32 Unit Texas Motel in Shrewsbury sells

Posted at 09:02h 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 3520 Airline Dr Type: Hospitality Price: $1,265,000 ($39,531.25 / Unit) Buyer: HARVEY GULF INTERNATIONAL MARINE LLC Elifin's Notes: The 32-unit Texas Motel sells in the Shrewsbury area of Metairie 1434 Amelia St Type: Office Price: $750,000 ($300.00 / SF) Buyer: HUQ TASHFIN; IQBAL AZREEN Elifin's Notes: Formerly split into two residential condo units, this...

01 May The Pulse BR: Bogie’s Building Sells for over 1 million

Posted at 08:57h 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 9029 Jefferson Hwy Type: Office Price: $3,400,000 ($242.86 / SF) Buyer: Cardinal Hill Real Estate LLC Elifin's Notes: Assurance Financial purchases their office on the 1st floor of The Cardinal Hill office building on Jefferson Hwy. 705 E Boyd Dr Type: Retail Price: $1,050,000 ($250 / SF) Buyer: MCL Management Group LLC Elifin's Notes:...