News

20 May Market Report – Baton Rouge, LA – April 2024

Posted at 09:41h in Market Report: Baton Rouge, Research by ELIFIN® 0 Comments

Overall Dollar Volume is down 7.73% The trailing 12 month total dollar volume of sales was $545.8M at the end of Apr 2024 vs. $591.5M at the end of the prior month. Overall Deal Velocity is steady The trailing 12 month sale count was 397 at the end of Apr 2024. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/05/Market-Report-Baton-Rouge-LA-April-2024.pdf" attachment_id="11597" viewer_width=100% viewer_height=800px fullscreen=true download=true print=true]...

20 May Building housing Daisy Dukes Cafe sells

Posted at 09:24h in The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

The May 20, 2024 issue covers seven commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $3.88M in disclosed volume. The headline deal: BIG EASY INVESTMENTS LLC OF NEW MEXICO paid $1.93M ($234.76/SF) for a mixed-use property with a street-level restaurant space occupied by Daisy Dukes Cafe and three upper-floor apartments at 308 Saint Charles Avenue....

20 May Maple Leaf Apartments sold to local investors

Posted at 09:23h in The Pulse, The Pulse: Lafayette by ELIFIN® 0 Comments

The May 20, 2024 issue covers three commercial sales recorded across Lafayette the previous week, totaling $1.25M in disclosed volume. The headline deal: MAPLE LEAF LIVING LLC, a pair of local investors, paid $805K ($67,117/unit) for the 12-unit Maple Leaf Apartments on Eraste Landry Road. Land led the week with two of the three sales, as a pair of parcels...

20 May Ascension Parish Government purchases 15+ acres

Posted at 09:18h in The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

The May 20, 2024 issue covers five commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $2.43M in disclosed volume. The headline deal: Ascension Parish Government paid $735K ($2.25/Land SF) for 7.5+ acres within an existing 14+ acre tract fronting Weber City Road in Gonzales. Land accounted for two of the five sales, the other an 8+...

13 May Class A office property sells for 8.2mm

Posted at 09:43h in The Pulse, The Pulse: Lafayette by ELIFIN® 0 Comments

The May 13, 2024 issue covers five commercial sales recorded across Lafayette the previous week, totaling $13M in disclosed volume. The headline deal: 425 SETTLERS LLC paid $8.2M ($266.49/SF) for a two-story Class A medical office building on Settlers Trace Boulevard. Office led the week with two of the five sales, the other a six-building office complex on Bertrand Drive...

13 May Daycare purchases 3 adjacent buildings along Tulane

Posted at 09:39h in The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

The May 13, 2024 issue covers nine commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $3.24M in disclosed volume. The headline deal: KIDS KINGDOM ACADEMY & DAYCARE LLC paid $874K ($295.47/SF) for its location at 2907 and 2909 Tulane Avenue, one of its two purchases that week. Retail and office led the week with three...

13 May Podnuh’s BBQ on Sherwood sells to local investors

Posted at 09:34h in The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

The May 13, 2024 issue covers thirteen commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $8.66M in disclosed volume. The headline deal: Hailiang Lin paid $1.45M ($173.34/SF) for the South Sherwood Forest Boulevard property formerly used as the Volcano Korean BBQ & Hot Pot restaurant. Retail and multifamily led the week with four sales each, including...

08 May Six Building Office Property on Bertrand Sold for $3.15 Million

Posted at 16:56h in News, Press Releases by ELIFIN® 0 Comments

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,...

06 May Hampton Inn on Consititution sells to Lafayette company

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

The May 6, 2024 issue covers eleven commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $3.37M in disclosed volume. The headline deal: Jase Enterprises LLC paid $875K ($12.17/Land SF) for a 1+ acre parcel of commercial land along Louisiana Highway 30 in Gonzales. Industrial led the week with three of the eleven sales, while GAP Hotels,...

06 May 75-Unit Acadiana Mini-Storage Facility sells

Posted at 09:34h in The Pulse, The Pulse: Lafayette by ELIFIN® 0 Comments

The May 6, 2024 issue covers five commercial sales recorded across Lafayette the previous week, totaling $1.09M in disclosed volume. The headline deal: CARENCRO RENTALS LLC, a local entity, paid $310K ($0.59/Land SF) for 11+ acres of vacant land on Gatehouse Drive near I-49 in Carencro. Industrial led the week with two of the five sales, while the 75-unit Acadiana...