News

MidCity Marketplace, LLC Purchases Retail Redevelopment Property on Government St for $1,100,000

DOWNLOAD PDF January 16th, 2020 - Baton Rouge, LA —Elifin Realty is excited to announce the sale of the property located at 5220 Government St, Baton Rouge, LA 70806. Kevin Nguyen, well known for his high-end retail and residential developments, has purchased the former Capital One bank branch property located on Government Street.  The 1.02 acre site spans the entire block from...

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The Pulse: One of Last Vacant Lots in Industriplex Area Sold

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 1916 Dallas Dr Price: $140,000 ($41 / SF) Buyer: The CEO Mind Foundation Elifin's Notes : Local non-profit, t he CEO Mind Foundation, purchases former site of Dugee's Lounge on the corner of Dallas Dr and Waco Ave. 10929, 10947 Ansley Ave Price: $366,000 ($61,000 / Unit) Buyer: Click Clack Investment...

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One of Last Vacant Lots in Industriplex Area Sold

DOWNLOAD PDF January 9th, 2020 - Baton Rouge, LA – Mathew Laborde, President & CEO of Elifin Realty, has announced the sale of 11210 Cloverland Ave in Baton Rouge, LA. This ±0.66-acre property presents an amazing opportunity to develop one of the few remaining lots in the hottest industrial corridor of Baton Rouge. National Electric Motor and Supply Company, Inc., a nationwide...

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The Pulse: 55 Unit Apartment Complex Sold In Mid City

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 8660 Airline Hwy Price: Price Withheld Buyer: MDC Coastal 12 LLC Elifin's Notes: Realty Income Corporation, a San Diego-based investment firm, purchases the PetSmart near the corner of Airline Hwy and Florida Blvd. 1464 Government St Price: Price Withheld Buyer: 1464 Government Street LLC Elifin's Notes: The owners of Wanderlust by Abby...

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Multifamily Property in Tigerland Sold

DOWNLOAD PDF December 27th, 2019 - Baton Rouge, LA – Mark Segalla, Multifamily Specialist at Elifin Realty, has announced the sale of 4552 Earl Gros Ave in Baton Rouge, LA. This multifamily apartment complex is located in Tigerland, just seconds from LSU’s campus. With the assistance of Elifin Realty, multifamily investors Eric and Susan D. Morrison have added this investment to their...

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The Pulse: Top 5 Commercial Real Estate Owner Mistakes of 2019

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 11420 Bard Ave Price: $1,100,000 ($25,000 / Unit) Buyer: Contour Sable Chase LLC Elifin's Notes: New Orleans investor, Max Perret, purchases Sherwood Shadow Condos, a 44-unit complex near the corner of Bard Ave and N Sherwood Forest Dr. 3126, 3150, 3152, 3154 Nicholson Dr Price: $480,000 ($40,000 / Unit) Buyer: Beaurayne...

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What Type of Commercial Property Has the Best Returns?

Commercial real estate is broken down into four major categories: Office Retail Multi-family Industrial But within these four major categories there is a lot of variety. For instance, a retail space could be a small strip mall, a single building, or a full-sized mall. A multi-family property can range from a building that contains four apartments or 100 apartments to a...

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The Pulse: 2 Large Multifamily Sales + New Jones Creek Restaurant

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 1860 Boulevard de Province Price: $4,567,500 ($21,959 / Unit) Buyer: Contour Sable Chase LLC Elifin's Notes: The Sable Chase Apartments complex sells to Michigan-based Contour Companies, a firm that specializes in commercial and residential developments and multifamily revitalization. The 208 unit complex is located between Old Hammond Hwy...

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