News

07 Dec The Pulse: Interline Office Building Sells for 10m, Land in Rouzan Development Sells for 7m

Posted at 12:00h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

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...

30 Nov The Pulse: ANMC Plaza Building on Sherwood Sold for 1.95 Million

Posted at 12:00h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

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:...

23 Nov The Pulse: Raising Cane’s Purchases Four Locations and Proposed Whataburger on Burbank

Posted at 12:00h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

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...

20 Nov Commercial Sales Report – October 2020

Posted at 16:48h in Insights, Market Report: Baton Rouge, Research, The Sales Report by ELIFIN® 0 Comments

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...

16 Nov The Pulse: Popeyes on Burbank Sold for 5.35% Cap Rate

Posted at 12:00h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

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...

09 Nov The Pulse: Planned 44-Unit Townhome Development on Nicholson

Posted at 12:00h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

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...

02 Nov The Pulse: IDEA Public Schools Purchases Facility Near Burbank Dr + 16 Acres off Plank Rd

Posted at 12:00h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

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...

26 Oct The Pulse: Indigo Park Apartment Complex sells for 46.4 Million

Posted at 12:00h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

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...

19 Oct The Pulse: Charter School Purchases Former Car Dealership on Florida Blvd

Posted at 12:00h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

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...

16 Oct Commercial Sales Report – September 2020

Posted at 08:16h in Insights, Market Report: Baton Rouge, Research, The Sales Report by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) Louisiana moved forward to Phase 3 of reopening on September 11. The number of all commercial property transactions is still lower than the year to date total compared to the previous five years. During the first eight months of 2020, the office sector had seen an overall decrease in activity. Compared to August, the number of office sales...