A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 12074 Newcastle Ave Price: $23,900,000 ($84,155 / Unit) Buyer: MIMG CLXXIV Afton Oaks LLC, MIMG FWCO Afton Oaks LLC, D&J Afton Oaks LLC Elifin's Notes: 284-unit Afton Oaks Apartment Homes on Newcastle Ave near S Sherwood Forest Blvd sells to Colorado-based Monarch Investment and Management Group. 3135 Highland Rd Price:...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 9181 Interline Ave Price: $10,489,000 ($380 / SF) Buyer: EGP 9181 Baton Rouge LLC Elifin's Notes: 100% occupied single-tenant Executive Centre on Interline Ave purchased by Easterly Government Properties. EGP is a real estate acquisition company that focuses primarily on the acquisition, development, and management of Class A...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 3029 S Sherwood Forest Blvd Price: $1,950,000 ($54 / SF) Buyer: Kumar LLC Elifin's Notes: 50% leased office building off Sherwood sells to Hammond-based investor. 9542 Brookline Ave Price: $430,000 ($63 / SF) Buyer: Andie & P Trading LLC Elifin's Notes: Fully leased office building off of Drusilla Lane sold. 4325 Church St Price:...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 9801 Cortana Pl Price: $1,571,028 ($78 / SF) Buyer: Bridgestone Retail Operations, LLC Elifin's Notes: Nashville-based Bridgestone Retail Operations company purchases Firestone Complete Auto Care near Cortana Mall. 668 Main St Price: $165,000 ($103 / SF) Buyer: Quarels Investments, Inc Elifin's Notes: Local investor purchases former Hound Dogs bar downtown on Main...
DOWNLOAD FULL REPORT (PDF) Louisiana remained in Phase 3 of reopening throughout the month of October. The number of commercial property sales was up 57% month over month, with 44 sales in October 2020 compared with 28 sales in September 2020. While we have seen a decrease in activity overall and across the multifamily, office, and land sectors, the average price per...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10613 Burbank Dr Price: $3,399,551 ($1,555 / SF) Buyer: Tandem Columbus Equities, LLC Elifin's Notes: New Jersey-based investor purchases net-leased Popeyes off Burbank Dr near the Bluebonnet Blvd intersection. This represents a 5.35% cap rate. 8770 Elm Grove Garden Dr Price: $1,517,773 ($18,069 / Unit) Buyer: TBF Development, LLC Elifin's Notes: Alabama-based...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 12842-12876 Delores Dr Price: $800,000 ($80,000 / Unit) Buyer: Letourneau Partners, LLC Elifin's Notes: Prairieville-based investment group purchases five duplexes off N Flannery Rd. 10621 N Oak Hills Pkwy, Suite A Price: $294,500 ($108 / SF) Buyer: 7308 Properties, LLC Elifin's Notes: Local wealth management company purchases office building off Bluebonnet Blvd. 4385...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10723 N Oak Hills Pkwy Price: $435,000 ($150 / SF) Buyer: Align Wealth Partners, LLC Elifin's Notes: Local financial planning company purchases vacant office building off Bluebonnet Blvd. 5515 S Sherwood Forest Blvd Price: $367,500 ($84 / SF) Buyer: Tiger Tax Services, LLC Elifin's Notes: Standalone office building purchased by tax service/insurance...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 11959 Nicholson Dr Price: $46,400,000 ($140,606 / Unit) Buyer: Indigo Park Property Owner LLC Elifin's Notes: Los Angeles-based real estate investment group purchases 330-unit Indigo Park Apartments at Nicholson Dr and Gardere Lane. 1003 Bob Pettit Blvd Price: $1,150,000 ($185 / SF) Buyer: The 1003 Group LLC Elifin's Notes: The House in...
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 7791 Florida Blvd Price: $2,400,000 ($106 / SF) Buyer: Friends of Basis Louisiana Elifin's Notes: Basis Baton Rouge charter school purchases former Richard's Honda property on Florida Blvd for their second Baton Rouge campus. 23360 Liberty Rd Price: $1,265,594 ($138 / SF) Buyer: NCI Zachary DG LLC Elifin's Notes: Chicago-based investor purchases...