May 9, 2024 - Lafayette, LA – ELIFIN® is proud to announce the successful sale of 1304 Bertrand Drive in Lafayette, LA, for $3.15 million. Despite the complexities involved, the deal was successfully closed just 60 days after listing, with the property under contract within seven days. ELIFIN® representatives Brandon Abdella, Associate, and Fabian Edwards, Senior Associate, brokered the transaction,...
A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 1721 Louisiana 30 West, Gonzales, LA 70737 Type: Land Price: $875,000 ($12.17 / Land SF) Buyer: Jase Enterprises LLC Elifin's Notes: Investors purchase a 1+ acre parcel of commercial land along LA Hwy 30 in Gonzales. 11062 Cloverland Dr, Baton Rouge, LA 70809 Type: Industrial Price: $635,000 ($84.67 / SF) Buyer:...
A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 100BLK Gatehouse Drive, Carencro, LA 70520 Type: Land Price: $310,000 ($0.59 / Land SF) Buyer: CARENCRO RENTALS LLC Elifin's Notes: Local entity purchases 11+ acres of vacant land near I-49 in Carencro 304 Fairlane Dr, Lafayette, LA 70507 Type: Industrial Price: $285,000 ($77.74 / SF) Buyer: EMERGED INVESTMENTS LLC Elifin's Notes: Local investor purchases an...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1521 Kuebel Street, Elmwood, LA 70123 Type: Industrial Price: $1,549,153 ($94.46 / SF) Buyer: GALVANIZED RE LLC Elifin's Notes: Local company purchases two industrial buildings within the Elmwood Business Park 6135 Bellaire Drive, New Orleans, LA 70124 Type: Multifamily Price: $1,325,000 ($132,500 / Unit) Buyer: Liang Meng; Liang Yin Elifin's Notes: A pair of...
A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 101 Oil Patch Road, Broussard, LA 70518 Type: Industrial Price: $1,520,000 ($126.67 / SF) Buyer: BAYCO HOLDINGS LLC Elifin's Notes: An under construction industrial building, which will have 2,746 sq ft of office space and 9,254 sq ft of warehouse space, sells within the Garber Industrial Park in Broussard 900 East...
A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1224 Decatur Street, New Orleans, LA 70116 Type: Mixed-Use Price: $1,175,000 ($229.99 / SF) Buyer: HANQI INVESTMENTS LLC Elifin's Notes: Gretna-based investors purchase a mixed-use property on Decatur in the French Quarter 5501 Crowder Boulevard, New Orleans, LA 70127 Type: Retail Price: $975,000 ($69.10 / SF) Buyer: MJM CROWDER INVESTMENTS LLC Elifin's Notes: Former...
A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 3445 Bluebonnet Boulevard, Baton Rouge, LA 70809 Type: Land Price: $1,800,000 ($11.67 / Land SF) Buyer: Ujjagar Investment LLC Elifin's Notes: Local investor purchases vacant lot off Bluebonnet Blvd near the Celtic Dr intersection. 2718 S Ruby Ave, Gonzales, LA 70737 Type: Industrial Price: $1,360,000 ($116.51 / SF) Buyer: COLEMAN ROOFING...
Overall Dollar Volume is up 7.48% The trailing 12 month total dollar volume of sales was $733.1M at the end of Mar 2024 vs. $682.1M at the end of the prior month. Overall Deal Velocity is down 1.74% The trailing 12 month sale count was 396 at the end of Mar 2024 vs. 403 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/04/Market-Report-New-Orleans-LA-March-2024.pdf" attachment_id="11346"...
Overall Dollar Volume is down 3.17% The trailing 12 month total dollar volume of sales was $591.5M at the end of Mar 2024 vs. $610.8M at the end of the prior month. Overall Deal Velocity is down 4.1% The trailing 12 month sale count was 398 at the end of Mar 2024 vs. 415 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/05/Market-Report-Baton-Rouge-LA-March-2024.pdf" attachment_id="11416"...
A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 810 S Buchanan St, Lafayette, LA 70501 Type: Office Price: $2,697,500 ($174.03 / SF) Buyer: FIRST BAPTIST CHURCH OF LAFAYETTE LOUISIANA INC THE Elifin's Notes: The First Baptist Church of Lafayette Louisiana purchases the office building along with the 0.4+ acre parking lot at the corner of South Buchanan and...
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