News

13 Apr The Pulse BR: Florida aviation company purchases property at BTR

Posted at 10:07h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 6959 Commerce Cir, Baton Rouge, LA 70809 Type: Land Price: $975,000 ($19.98 / Land SF) Buyer: B2 Investments Commerce Circle LLC Elifin's Notes: A 1+ acre parcel of commercial land sells within the Towne Center development. 12666 Jefferson Hwy, Baton Rouge, LA 70816 Type: Self-Storage Price: $582,500 ($6,773 / Unit) Buyer:...

11 Apr How Aggressive Outreach Makes Deals Happen

Posted at 21:01h in Results by ELIFIN® 0 Comments

Adrien Foley of ELIFIN® represented both the seller and buyer in the successful sale of the property located at 83 23rd St in Kenner, LA. Challenge The property had sat on the market for over a year with another brokerage, generating little traction in a corridor that should have had no shortage of qualified buyers. When the listing was transferred to Adrien,...

11 Apr A Land Donation for the Perfect Acquisition

Posted at 17:32h in Results by ELIFIN® 0 Comments

Jacob Loveland of ELIFIN® represented the buyer in the successful acquisition of the property located at 411 Colonial Dr in Baton Rouge, LA. Challenge Jacob had been working with this buyer for two years searching for the right property. Option after option failed to meet their needs, and the pool of viable candidates was shrinking. When 411 Colonial Dr emerged as a...

11 Apr Structuring a Lease for Flexibility in a Tight Market

Posted at 09:32h in Results by ELIFIN® 0 Comments

Alex Ruch of ELIFIN® represented the landlord in the successful leasing of the property located at 216 Pont Des Mouton Rd in Lafayette, LA. Challenge A tenant looking to expand into the Lafayette market had a specific requirement: dock access. Supply of dock-equipped industrial space in the market was extremely limited, and the only viable option was a building that exceeded what...

06 Apr The Pulse Northshore: Local restauranteur purchases McClain’s Pizzeria building

Posted at 08:54h in Research, The Pulse, The Pulse: Northshore by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of The Northshore. Commercial Sales Recorded Last Week 115 Girod St, Mandeville, LA 70448 Type: Retail Price: $880,000 ($500.00 / SF) Buyer: APERITIF TERRACE LLC Elifin's Notes: Local restauranteur purchases a restaurant property, most recently occupied by McClain's Pizzeria. 218 Erin Dr, Covington, LA 70433 Type: Industrial Price: $300,000 ($41.67 / SF) Buyer: FELDERS LAND COMPANY LLC Elifin's Notes: An industrial property...

06 Apr The Pulse LFT: The Alley Downtown purchases its location

Posted at 08:48h in Research, The Pulse, The Pulse: Lafayette by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Lafayette. Commercial Sales Recorded Last Week 200 S Bernard Rd, Broussard, LA 70518 Type: Industrial Price: $3,005,000 ($101.52 / SF) Buyer: 5 PM LLC Elifin's Notes: A Texas-based company purchased an industrial property consisting of 2 buildings on South Bernard Road. 5605 Ambassador Caffery Pkwy, Youngsville, LA 70592 Type: Office Price: $650,000 ($232.14 / SF) Buyer: IBERIA COMPREHENSIVE COMMUNITY HEALTH...

06 Apr The Pulse NOLA: Cornstalk Hotel in French Quarter sells

Posted at 08:34h in Research, The Pulse, The Pulse: New Orleans by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2424, 2434, 2444 Manhattan Blvd, Harvey, LA 70058 Type: Retail Price: $14,000,000 ($116.71 / SF) Buyer: MANHATTAN CROSSING LLC Elifin's Notes: A New York-based company acquires a shopping center on Manhattan Boulevard. 4401 Euphrosine St, New Orleans, LA 70125 Type: Industrial Price: $2,000,000 ($73.64 / SF) Buyer: 4401 EUPHROSINE LLC Elifin's Notes: A local...

06 Apr The Pulse BR: Former Var’s Pizza building sold

Posted at 08:31h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 4430 Hatcher Ave, Baton Rouge, LA 70806 Type: Multifamily Price: $3,500,000 ($38,889 / Unit) Buyer: Anotal Spanish Oaks LLC Elifin's Notes: The Spanish Oaks Apartments, 90-units, sells in Mid-City. 10050 Hyacinth Ave, Baton Rouge, LA 70810 Type: Multifamily Price: $1,245,000 ($103,750 / Unit) Buyer: Cross Bough Apartments LLC Elifin's Notes: The Cross...

05 Apr Sold Before the Vacancy Became Costly

Posted at 21:38h in Results by ELIFIN® 0 Comments

Fabian Edwards of ELIFIN® represented the seller in the successful sale of the property located at 10517 Kentshire Court in Baton Rouge, LA. Challenge The seller, based in Mexico, received notice that his tenant would not be renewing their lease, putting him in a difficult position. With a mortgage on the property and no local presence in Baton Rouge to lean on,...

30 Mar The Pulse Northshore: DSLD-related entity purchases 91 acres

Posted at 09:49h in Research, The Pulse, The Pulse: Northshore by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of The Northshore. Commercial Sales Recorded Last Week 19399 Helenbirg Road, Covington, LA 70433 Type: Office Price: $1,050,000 ($73.08 / SF) Buyer: SLIMMING HOLDINGS LLC Elifin's Notes: A multi-unit office property sells on Helenbirg Road. 73312 Hwy 1077, Folsom, LA 70437 Type: Industrial Price: $485,000 ($134.72 / SF) Buyer: MCG HOLDINGS LLC Elifin's Notes: An industrial warehouse with an upstairs apartment sells. 76160...