News

25 Jan The Pulse: 36 Acres on Burbank Dr Sold for over 3.1 Million

Posted at 09:12h 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 7529 Perkins Rd (Units 150-A-1, 250-300) Price: $770,000 ($83 / SF) Buyer: Fangting Liang Elifin's Notes: Local investors purchases seven office suites in a mixed used office/retail business park near the corner of Perkins Rd and Essen Lane. 9718 Sullivan Rd Price: $315,000 ($88 / SF) Buyer: GDC Properties, LLC Elifin's Notes:...

19 Jan Commercial Sales Report – December 2020

Posted at 08:51h in Insights, Market Report: Baton Rouge, Research, The Sales Report by ELIFIN® 0 Comments

DOWNLOAD FULL REPORT (PDF) December 2020 brought the total number of commercial sales in EBR Parish to 370, narrowly edging out 2019's total sales number of 368 and closing out 2020 only 1.70% down from the 5-year moving average. The overall dollar volume of commercial sales in 2020 saw a 15.1% decrease from 2019. Transactions in December 2020 lifted the total $ volume...

18 Jan The Pulse: Proposed 2.8 Million SF Distribution Center at Cortana Mall

Posted at 10:37h 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 10706 Florida Blvd Price: $2,433,835 ($998 / SF) Buyer: POP-BR LLC Elifin's Notes: California-based investor purchases Popeyes on Florida Blvd near the McGeHee Dr intersection. 5652 Government St Price: $875,000 ($103 / SF) Buyer: Hole in the Wall Holdings LLC Elifin's Notes: Real estate agent Lawrence Maestri purchases Dollar General on Government...

11 Jan The Pulse: 20 Commercial Sales including Kingston Point Apartments for 8.8mm

Posted at 09:23h 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 1919 Boulevard De Province Price: $8,800,000 ($56,774 / Unit) Buyer: 1919 Boulevard De Province 2020 LLC Elifin's Notes: Cedar Grove Capital purchases Kingston Point Apartments, a 155 unit complex at the corner of Blvd de Province and N Harrell's Ferry. 3325 Monterrey Dr Price: $2,000,000 ($41,667 / Unit) Buyer: Monterrey Management...

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...