News

04 Jan The Pulse: Robinson Bros Purchase Highland Rd Retail Center, LWCC Purchases Adjacent Restaurant

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 18135 E Petroleum Dr Price: Withheld Buyer: Robinson Brothers Inc Elifin's Notes: Robinson Brothers purchases multi-tenant retail property on the corner of Highland Rd and E Petroleum Dr. Price withheld. 2323 S Acadian Thwy Price: $2,168,000 ($482 / SF) Buyer: Louisiana Workers' Compensation Corporation Elifin's Notes: LWCC purchases Mestizo restaurant property, continuing...

28 Dec The Pulse: 47 Million Dollar Multifamily Sale and Rezoning on Highland for Bed & Breakfast

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 5010 Mancuso Lane Price: $47,500,000 ($219,907 / Unit) Buyer: Citiscape Essen LLC Elifin's Notes: Citiscape at Essen apartments purchased by multi-family investor Jakob Medve. 728 North Blvd Price: $550,000 ($97 / SF) Buyer: MMO Group, LLC Elifin's Notes: MMO Group purchases corporate office building on North Blvd. 11736 Newcastle Ave Price: $467,500 ($83 /...

21 Dec The Pulse: Land Sold for Drake’s Apartments on N Ardenwood

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 10319 Jefferson Hwy Price: $1,015,000 ($211 / SF) Buyer: Burn Rubber LLC Elifin's Notes: Local investor purchases office building on Jefferson Hwy. 3034 S Sherwood Forest Blvd Price: $625,000 ($122 / SF) Buyer: Signs in a Day, Inc. Elifin's Notes: Signs in a Day retailer purchases neighboring building on S Sherwood Forest...

14 Dec Commercial Sales Report – November 2020

Posted at 12:53h in Insights, Market Report: Baton Rouge, Research, The Sales Report by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) The number of all commercial sales is in line with the historical average at 330 YTD 2020 (down only -3.28% from the average YTD over the last 5 years). Dollar volume of all commercial sales is at a 5-year low at $369.6 million YTD 2020 (down -31.25% from the average YTD over the last 5 years). Land sale volume...

14 Dec The Pulse: Apartment Complex Sells for 23.9 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 12074 Newcastle Ave Price: $23,900,000 ($84,155 / Unit) Buyer: MIMG CLXXIV Afton Oaks LLC, MIMG FWCO Afton Oaks LLC, D&J Afton Oaks LLC Elifin's Notes: 284-unit Afton Oaks Apartment Homes on Newcastle Ave near S Sherwood Forest Blvd sells to Colorado-based Monarch Investment and Management Group. 3135 Highland Rd Price:...

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...