News

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 339 Florida St Price: $6,850,000 ($131 / SF) Buyer: RM Mentorship Acad LA LLC Elifin's Notes: New York investment firm, Rosemawr Management, purchases downtown office building used by the Mentorship Academy. 314 West Dr Price: $352,000 ($35,200 / Unit) Buyer: HIV/AIDS Alliance for Region Two (HAART) Inc Elifin's Notes: HAART, Inc (HIV/AIDS...

DOWNLOAD PDF   December 6th, 2019 - Baton Rouge, LA – Aquaculture Systems Technologies, LLC has recently consolidated all of its operations to their new location in Downtown Baton Rouge at 2120 N 3rd Street. George Bonvillain and Mathew Laborde, of Elifin Realty, assisted AST in finding the new location for their rapidly expanding business. Relocating their operations from New Orleans and their...

In this case, the term “expensive” is relative. What looks expensive to a novice, first-time investor may look like pocket change to one that is established in commercial real estate investing. But, to be fair, commercial real estate is generally more expensive than single-family residential homes. This is the result of a few factors. Commercial property takes a lot of money to...

There are three main types of leases for commercial space: a triple-net (NNN), a modified gross, and a full-service. When it comes to understanding what each covers, it helps to think of it as a sliding scale. I’ll explain each in more detail below.   NNN Lease A NNN lease essentially means that all of the expenses related to the building are going...

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...

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