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Commercial Sales Report – June 2020

DOWNLOAD FULL REPORT (PDF) As May turned to June and the Louisiana heat arrived in full effect, the state moved into "Phase Two" of the federal government's plan for reopening. While this reopening progress coincided with a slight uptick in sale transactions and total dollar volume month over month, trepidation remained among many investors and the overall business community. As noted in...

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The Pulse: Two Multifamily Sales in Tigerland

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 1222 Bob Pettit Blvd Price: $1,175,000 ($78,333 / Unit) Buyer: 1222 Bob Pettit Blvd LLC Elifin's Notes : The Graduate Apartments, a 15-unit complex in Tigerland, sells to local investor. 4554 Alvin Dark Ave Price: $450,000 ($45,000 / Unit) Buyer: Jann Properties 2 LLC Elifin's Notes : Tigerland apartment complex sells consisting...

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GN Gonzales Purchases Industrial Property in Downtown North

DOWNLOAD PDF July 10th, 2020 - Baton Rouge, LA – Elifin Realty is pleased to announce the sale of 2055 Sorrel Avenue to GN Gonzales LLC. The 20,711 square foot building is located in the industrial sector just north of Downtown Baton Rouge and in close proximity to GN Gonzales’ showroom location on Chippewa Street. GN Gonzales is the oldest family-owned motorcycle dealership...

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The Pulse: Former Robinson Brothers Sells for 4.85 Million

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 9550 Interline Ave Price: $4,850,000 ($93 / SF) Buyer: Pelican View Properties Elifin's Notes: Former Robinson Brothers Lincoln dealership sells at the Airline Hwy / I-12 intersection. 7175 Plank Rd Price: $1,030,000 ($349 / SF) Buyer: Etoile Dr Mer LLC Elifin's Notes: Convenience store sells at the corner of Plank Rd and...

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Elifin Realty Bringing 7-Acre Siegen Lane Lot to Market at $4.7m

DOWNLOAD PDF July 3rd, 2020 - Baton Rouge, LA – Elifin Realty is pleased to bring to market a 7.196-acre parcel of land located on Siegen Lane between I-10 and Perkins Road. Mathew Laborde, CCIM has been contracted by Crawfish Aquatics to market the property for sale at the price of $4,700,000. Crawfish Aquatics is a locally owned organization that provides swimming...

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Elifin Realty Named Exclusive Leasing Broker of Hammond Aire Plaza

DOWNLOAD PDF July 2nd, 2020 - Baton Rouge, LA – Following their recent acquisition of Hammond Aire Plaza, the dominant regional power center in East Baton Rouge, LA, Houston-based CRS Realty has selected Elifin Realty to serve as the new, exclusive leasing broker for the 349,660 SF center. Hammond Aire Plaza is the highest performing shopping center in the East Baton Rouge...

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The Pulse: Proposed Mixed Use Development at Highland and Kenilworth

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 8531, 8541 Rush Ave Price: $400,000 ($50,000 / Unit) Buyer: CNV Properties LLC Elifin's Notes : Two 4-plexes consisting of 2 bed / 2 bath units sell off of Gardere Lane. 4021 W E Heck Ct, Suite H2 Price: $200,000 ($137 / SF) Buyer: Kumar LLC Elifin's Notes : Hammond-based investor purchases...

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The Pulse: Three Multifamily Sales

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 14734 S Harrells Ferry Rd Price: $1,195,000 ($91 / SF) Buyer: Capital Region Planning Commission Elifin's Notes : Capital Region Planning Commission purchases office building off S Harrell's Ferry Rd near the Millerville Rd intersection. 1984 Wooddale Blvd Price: $190,000 ($38 / SF) Buyer: Heart 2 Heart Care Clinic LLC Elifin's Notes...

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