News

02 Dec The Pulse: Former Hancock Whitney + Midsouth Bank Branches Sell

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 6677 Siegen Ln Price: $2,255,000 ($884 / SF) Buyer: Bancorpsouth Bank Elifin's Notes: Bancorpsouth Bank purchases MidSouth Bank branch on the corner of Siegen Ln and Industriplex Blvd. 5379 Highland Rd Price: $500,000 ($208 / SF) Buyer: South Louisiana Bank Elifin's Notes: Former Hancock Whitney branch sells to Houma-based South Louisiana Bank...

29 Nov What Is the Average Return on Commercial Property?

Posted at 14:59h in Commercial, Insights by Mathew Laborde, CCIM 0 Comments

The average rate of return on a commercial property must take into account several factors, including but not limited to the cost of the property, the initial investment in getting it ready for tenants, and the ongoing maintenance costs. Many times, people will have an inflated view of the average rates of return because they fail to factor in the...

28 Nov What are some advantages to OWNING office space rather than leasing?

Posted at 14:00h in Insights, Office by George Bonvillain, Office Specialist 0 Comments

Deciding whether to buy or lease a building can be one of the biggest decisions you’ll make as a business owner. While there are advantages to both and your decision will be based on a number of factors that determine what is best for you, the biggest advantage to owning office space is that...

27 Nov What are some advantages of leasing an office space for my business rather than owning?

Posted at 12:00h in Insights, Office by George Bonvillain, Office Specialist 0 Comments

The advantages of leasing an office space rather than owning it are similar to residential where you’re renting rather than buying your home. Namely, you won’t be responsible for as much maintenance, and when the lease term is up, you can leave. When leasing a space, the landlord will take care of a lot of the maintenance. Depending on the type...

26 Nov New, Full Purpose Medical Facility to be Built on Plank Rd

Posted at 16:21h in News, Press Releases by ELIFIN® 0 Comments

DOWNLOAD PDF November 26, 2019 – Baton Rouge, LA – Will Chadwick of Elifin Realty has announced the sale of the property located at 7070 Plank Rd in Baton Rouge, LA. The ±3.32-acre tract is located near I-110 and Airline Hwy, on the hard corner of Plank Road and Crown Avenue. The property was purchased by the non-profit organization, Baton Rouge Primary...

25 Nov The Pulse: Sage Rehabilitation Hospital + Comfort Inn Sales

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 10985 N Harrell's Ferry Rd Price: $1,035,000 ($47 / SF) Buyer: 10985 North Harrell's Ferry LLC Elifin's Notes: Maranatha Office Building sells to Mandeville based company, Snakeskin Property Management, LLC. 8108 Picardy Ave Price: $1,290,000 ($95 / SF) Buyer: Picardy Tres LLC Elifin's Notes: Cajun Industries CEO, Todd Grigsby, purchases medical office...

25 Nov When purchasing an office condo, what are some things to look out for?

Posted at 11:50h in Insights, Office by George Bonvillain, Office Specialist 0 Comments

Many office parks in Baton Rouge are part of an already established condominium regime. If you’re considering purchasing an office building in one of these established condominium regimes, there are a few things to consider and ask about. The question that you’ll want to start with is: What are the dues for the association on a monthly basis? From there, you’ll...

25 Nov Construction Underway on Final Building at Highland Park Marketplace

Posted at 08:35h in News, Press Releases by ELIFIN® 0 Comments

DOWNLOAD PDF November 22nd, 2019 - Baton Rouge, LA – After recently announcing new tenants and the sale of two outparcel lots, Campbell Companies and Big Horn Development have broken ground on Building 400 at Highland Park Marketplace. Building 400 is the final phase of development in the upscale retail center and will feature eight suites totaling 16,450 SF, with an expected...

21 Nov How Do I Know My Appraisal is Accurate?

Posted at 14:58h in Commercial, Insights by Mathew Laborde, CCIM 0 Comments

Buying or selling a property is a big investment. You want to ensure that you’re getting a fair price for your property. What happens if the property is appraised too high or too low? Do you trust the first appraisal, or should you request multiple appraisals from different appraisers? While the short answer is that if you’re uncomfortable with what...

20 Nov Is Commercial Real Estate a Good Investment?

Posted at 14:50h in Commercial, Insights by Mathew Laborde, CCIM 0 Comments

Commercial Real Estate is a phenomenal investment! Commercial properties such as office buildings, apartment buildings, industrial buildings, warehouses and “mixed-use” buildings typically offer a greater financial reward as compared to residential property. We’re talking, real, tangible assets that you can see and check on with a strong earning potential. The key thing about investing in commercial real estate is that you’ve...