June 21, 2022- Baton Rouge, LA – Since 2013, developer Vedant Vasanji has completed work in numerous sectors of real estate including multifamily housing and property management. In January 2018, Vasanji was drawn to the Baton Rouge market after seeing the Greenside Ridge Apartments as a potential opportunity. The 60-unit apartment complex on Prescott Road in North Baton Rouge had...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 644 Monet Drive Price: $1,100,000 ($45,833 / Unit) Buyer: 644 Monet Investments LLC Elifin's Notes: Monet Place, a 24 unit apartment complex, sells to a Texas-based investor. 10235 Jefferson Hwy, Building 6, Suites B, C Price: $993,303 ($267 / SF) Buyer: B & E Metro LLC Elifin's Notes: Weiler Plastic Surgery purchases...
DOWNLOAD FULL REPORT (PDF) The Commercial Sales market is continuing to see record year-to-date numbers in 2022 for both total number of sale transactions and total dollar volume transacted – 220 and $454.4mm respectively. After a record year for Multifamily sales in 2021, the total dollar volume year-to-date in 2022 is more than double last year’s figure – $215.8mm vs. $101.9mm. All sectors...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 5505 Highland Rd Price: $853,888 ($474 / SF) Buyer: Bank of St Francisville Elifin's Notes: The Bank of St. Francisville purchases former Investar Bank location on Highland Rd. 11330 Coursey Blvd Price: $1,320,000 ($367 / SF) Buyer: Neil's Quick Stop LLC Elifin's Notes: Convenience store sells on the corner of Coursey Blvd...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 5744 S Sherwood Forest Blvd Price: $475,000 ($264 / SF) Buyer: LSW RE Holdings LLC Elifin's Notes: Grease Monkey Oil Change and Car Care on S Sherwood Forest Blvd sells to local investor. 3311 Drusilla Lane Price: $545,000 ($303 / SF) Buyer: CHK RE Holdings LLC Elifin's Notes: Grease Monkey Oil Change...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 14455 Airline Hwy Price: $4,320,000 ($800 / SF) Buyer: Larock Properties LLC Elifin's Notes: Little Rock-based investor purchases Christian Brother's Automotive on Airline Hwy near Baringer-Foreman Rd. 1939 S Sherwood Forest Blvd Price: $475,000 ($84 / SF) Buyer: 61 Coronado Ave LLC Elifin's Notes: Former State Bank & Trust Company branch sells...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 1000 Government St Price: $2,600,000 ($1,182 / SF) Buyer: 3369 Vinton Partners LLC Elifin's Notes: Los Angeles-based investor purchases Sonic in downtown Baton Rouge. 602 Main St Price: $262,500 ($73 / SF) Buyer: 602 Main Street LLC Elifin's Notes: Local attorney purchases downtown building on the corner of Main St and 6th...
DOWNLOAD FULL REPORT (PDF) With $82mm sold on record in April 2022, the total volume transacted so far in the commercial market crosses $300mm, consistently outpacing each of the previous 7 years. The Retail sector has been most active with 37 sales so far in EBR Parish in 2022, followed by Office with 32. Retail and Industrial are the...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 4444 Tigerland Avenue Price: $8,300,000 ($67,480 / Unit) Buyer: Tigerland Holdings LLC Elifin's Notes: Local investor purchases the Latitude 30 Apartments in Tigerland. 449 Ben Hur Road Price: $80,100,000 ($267,893 / Unit) Buyer: 449 Ben Hur Road (LA) Owner LLC Elifin's Notes: Chicago-based investor purchases the Exchange of Baton Rouge, a 299...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 7656 Realtors Ave Price: $1,770,000 ($221 / SF) Buyer: FCPT Holdings LLC Elifin's Notes: Four Corners Property Trust purchase the Fresenius Kidney Care Bon Carre medical office on Realtor's Ave off of Lobdell Blvd. 11741 Market Place Ave Price: $285,000 ($111 / SF) Buyer: 11741 Market Place LLC Elifin's Notes: Office building...