27 Nov What are some advantages of leasing an office space for my business rather than owning?
The advantages of leasing an office space rather than owning it are similar to residential where you’re renting rather than buying your home. Namely, you won’t be responsible for as much maintenance, and when the lease term is up, you can leave. When leasing a space, the landlord will take care of a lot of the maintenance. Depending on the type...
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...
25 Nov When purchasing an office condo, what are some things to look out for?
Many office parks in Baton Rouge are part of an already established condominium regime. If you’re considering purchasing an office building in one of these established condominium regimes, there are a few things to consider and ask about. The question that you’ll want to start with is: What are the dues for the association on a monthly basis? From there, you’ll...
25 Nov Construction Underway on Final Building at Highland Park Marketplace
DOWNLOAD PDF November 22nd, 2019 - Baton Rouge, LA – After recently announcing new tenants and the sale of two outparcel lots, Campbell Companies and Big Horn Development have broken ground on Building 400 at Highland Park Marketplace. Building 400 is the final phase of development in the upscale retail center and will feature eight suites totaling 16,450 SF, with an expected...
21 Nov How Do I Know My Appraisal is Accurate?
Buying or selling a property is a big investment. You want to ensure that you’re getting a fair price for your property. What happens if the property is appraised too high or too low? Do you trust the first appraisal, or should you request multiple appraisals from different appraisers? While the short answer is that if you’re uncomfortable with what...
20 Nov Is Commercial Real Estate a Good Investment?
Commercial Real Estate is a phenomenal investment! Commercial properties such as office buildings, apartment buildings, industrial buildings, warehouses and “mixed-use” buildings typically offer a greater financial reward as compared to residential property. We’re talking, real, tangible assets that you can see and check on with a strong earning potential. The key thing about investing in commercial real estate is that you’ve...
19 Nov How Much Do Commercial Brokers Charge?
The answer to this question is deceptively simple: It’s all negotiable. But the reason behind this answer dates back to 1890 when Congress passed the Sherman Act as a way “to protect the process of competition for the benefit of consumers” (source). Essentially, the Sherman Act along with the Federal Trade Commission Act and the Clayton Act ensure healthy competition in...
18 Nov The Pulse: Former Neese Industries Headquarters Sells
A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 622 Shadows Ln, Suite B Price: $250,000 ($139 / SF) Buyer: Jackson and Jolie LLC Elifin's Notes: Parker Orthodontics purchases office suite near Goodwood Blvd and Connell's Park Ln. 10646 Airline Hwy Price: $1,500,000 ($22 / SF) Buyer: ASH Brothers, LLC Elifin's Notes: Former Neese Industries headquarters sells in Gonzales, LA. 1974 Wooddale...
18 Nov What’s the best way to negotiate for a lower rent for my office space?
I have three suggestions for negotiating a lower rent for your office space: Go with a longer term lease. Commercial property leases can range from 1 year to 10 years. For a landlord, a shorter lease means that they’ll have to put work and marketing money into finding a new tenant sooner rather than later. This may mean that a shorter term...
