The February 19, 2024 issue covers seven commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $7.99M in disclosed volume. The headline deal: CROWN ENTERPRISES LLC, a Michigan-based commercial real estate development entity, paid $4.92M ($251.28/SF) for a truck terminal at 12169 Old Gentilly Road, one of eight properties it bought through Yellow Trucking's bankruptcy bidding...
Overall Dollar Volume is down 3.89% The trailing 12 month total dollar volume of sales was $589.6M at the end of Jan 2024 vs. $613.4M at the end of the prior month. Overall Deal Velocity is down 3.5% The trailing 12 month sale count was 413 at the end of Jan 2024 vs. 428 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/03/Market-Report-Baton-Rouge-LA-January-2024.pdf" attachment_id="10841"...
Overall Dollar Volume is up 3.88% The trailing 12 month total dollar volume of sales was $670.1M at the end of Jan 2024 vs. $645.0M at the end of the prior month. Overall Deal Velocity is up 1.76% The trailing 12 month sale count was 404 at the end of Jan 2024 vs. 397 at the end of the prior month. [pdfjs-viewer url="https://elifinrealty.com/wp-content/uploads/2024/03/Market-Report-New-Orleans-LA-January-2024.pdf" attachment_id="10840"...
The February 12, 2024 issue covers four commercial sales recorded across Lafayette the previous week, totaling $1.16M in disclosed volume. The headline deal: SHREYANSH LLC paid $475K ($38.31/SF) for an industrial property on Beau Pre Road near West Pinhook Road. Each of the four sales was a different property type, among them the La Roulette Mobile Home Park in Carencro,...
The February 12, 2024 issue covers ten commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $5.61M in disclosed volume. The headline deal: JMRV SUPERIOR INVESTMENTS LLC, a California-based investor, paid $1.95M ($62,903/unit) for a mobile home park at 7500 Chef Menteur Highway in the Viavant/Venetian Isles area. Office led the week with four of the...
The February 12, 2024 issue covers thirteen commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $5.44M in disclosed volume. The headline deal: Brock's Real Estate LLC, a Shreveport-based investor, paid $1.83M ($608.33/SF) for a service station near the corner of Greenwell Springs Road and Airline Highway. Self-storage led the week with five of the thirteen sales,...
The February 5, 2024 issue covers six commercial sales recorded across Lafayette the previous week, totaling $1.86M in disclosed volume. The headline deal: PRIMAX PROPERTIES LLC, based in Charlotte, North Carolina, paid $827K ($3.52/Land SF) for 5+ acres of vacant commercial land along I-49 in Carencro. Land and retail each made up two of the six sales, including the Dairy...
The February 5, 2024 issue covers sixteen commercial sales recorded across New Orleans and surrounding markets the previous week, totaling $11.1M in disclosed volume. The headline deal: BUTTERFIELDS BUTTER LLC paid $2.7M ($330.60/SF) for a mixed-use property at 201 Decatur Street, at the corner of Iberville Street in the French Quarter. Retail and industrial led the week with five sales...
The February 5, 2024 issue covers nine commercial sales recorded across Baton Rouge and Ascension the previous week, totaling $5.67M in disclosed volume. The headline deal: Tam Chu paid $1.1M ($104.76/SF) for Dayton Car Care, an automotive repair shop on O'Neal Lane near the South Harrell's Ferry Road intersection. Retail and industrial led the week with three sales each, while...
The January 29, 2024 issue covers eight commercial sales recorded across Lafayette the previous week, totaling $30.6M in disclosed volume. The headline deal: OM SHANTI OM TWELVE LLC, for hotel investment group Om Shanti Om LLC, paid $13.8M ($129,717/unit) for the Home2 Suites within the Parc Lafayette Center on Kaliste Saloom Road. Industrial led the week with three of the...
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