09 Dec Is There an MLS for Commercial Real Estate?
Many of us are familiar with MLS through purchasing a home. Realtors can go into MLS and build a query with the exact specifications of what we’re looking for and then email over daily or weekly lists of properties that may match those specifications. We check them out and send a thumbs up or thumbs down and they can use...
09 Dec The Pulse: New York Firm Purchases Downtown Office Building + Local Charter School Facility
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...
06 Dec Aquaculture Systems Technologies Moves HQ to Downtown Baton Rouge
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...
06 Dec How Successful Are Commercial Real Estate Brokers?
We’ve all seen it. People who look like they have it all together. All the nicest clothes or watches, picking up the tab for the table. But then they get home and scratch and scrape to pay their light bill. This same illusion can hold true for commercial real estate brokers. A lot of people see commercial real estate brokers who...
05 Dec How Do I Find the Owner of a Commercial Property?
If you’re searching for the owner of a commercial property, be prepared to dust off your detective badge and get down to work. While finding the owner of a commercial property is possible, you have to do a little digging to get there. Finding the owner of a commercial property begins by identifying which parish it’s in. Once you know which...
04 Dec Why Is Commercial Property So Expensive?
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...
02 Dec The Pulse: Former Hancock Whitney + Midsouth Bank Branches Sell
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...
29 Nov What Is the Average Return on Commercial Property?
The average rate of return on a commercial property must take into account several factors, including but not limited to the cost of the property, the initial investment in getting it ready for tenants, and the ongoing maintenance costs. Many times, people will have an inflated view of the average rates of return because they fail to factor in the...
26 Nov New, Full Purpose Medical Facility to be Built on Plank Rd
DOWNLOAD PDF November 26, 2019 – Baton Rouge, LA – Will Chadwick of Elifin Realty has announced the sale of the property located at 7070 Plank Rd in Baton Rouge, LA. The ±3.32-acre tract is located near I-110 and Airline Hwy, on the hard corner of Plank Road and Crown Avenue. The property was purchased by the non-profit organization, Baton Rouge Primary...
25 Nov The Pulse: Sage Rehabilitation Hospital + Comfort Inn Sales
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10985 N Harrell's Ferry Rd Price: $1,035,000 ($47 / SF) Buyer: 10985 North Harrell's Ferry LLC Elifin's Notes: Maranatha Office Building sells to Mandeville based company, Snakeskin Property Management, LLC. 8108 Picardy Ave Price: $1,290,000 ($95 / SF) Buyer: Picardy Tres LLC Elifin's Notes: Cajun Industries CEO, Todd Grigsby, purchases medical office...