The June 29, 2020 issue covers four commercial sales recorded across Baton Rouge the previous week, totaling $968K in disclosed volume. The headline deal: CNV Properties LLC paid $400K ($50,000/unit) for two fourplexes of two-bedroom, two-bath units at 8531 and 8541 Rush Avenue off Gardere Lane. A 1.68-acre parcel near Airline Highway and Greenwell Springs Road sold for $230K, and...
The June 22, 2020 issue covers eight commercial sales recorded across Baton Rouge the previous week, totaling $3.51M in disclosed volume. The headline deal: Capital Region Planning Commission paid $1.2M ($91/SF) for an office building at 14734 South Harrell's Ferry Road near Millerville Road. Three of the eight sales were apartment properties: a local investor bought a 32-unit multifamily portfolio...
DOWNLOAD FULL REPORT (PDF) May 2020 began amidst a global economic shutdown unlike anything we have seen in our lifetime. With that in mind, naturally the velocity of commercial sale transactions has slowed down. Total sale count year-to-date is tied with the 5-year low in 2017 at 122 sale transactions YTD. And total dollar volume year-to-date is down over 26% from the...
The June 15, 2020 issue covers four commercial sales recorded across Baton Rouge the previous week, totaling $4.07M in disclosed volume. The headline deal: Lee Cole Lewis LLC, a Dallas-based company, paid $2.47M ($392/SF) for a net leased Goodyear tire service facility at 18411 Highland Road at Old Perkins Road, at a 6.75% cap rate. A 1.24-acre site off West...
The June 8, 2020 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $3.67M in disclosed volume. The headline deal: JPMorgan Chase Bank, NA paid $2.5M ($227/SF) for the former Rite Aid site at 9031 Siegen Lane at Perkins Road. The City-Parish bought 0.431 acres for the Pecue Lane interchange project for $363K, and 31.94 acres...
The June 1, 2020 issue covers six commercial sales recorded across Baton Rouge the previous week, totaling $5.13M in disclosed volume. The headline deal: Investar Bank paid $1.72M ($70/SF) for the ground floor of Investar Tower at 10500 Coursey Boulevard, Suite 100. German-based Aldi bought 3.55 acres near the Walmart on O'Neal Lane for $1.35M, and local investors bought Tiger's...
The May 25, 2020 issue covers three commercial sales recorded across Baton Rouge the previous week, totaling $3.7M in disclosed volume. The headline deal: Ross Baton Rouge LLC, Orlando-based Signature Flight Support, paid $3.1M ($131/SF) for an airplane hangar at 4303 Chuck Yeager Avenue near the Baton Rouge airport. The AAA Rent-All owner bought a former convenience store location off...
DOWNLOAD PDF May 20th, 2020 - Baton Rouge, LA – Will Chadwick, Retail Specialist, has announced the closing of a lease at 8210 Jefferson Hwy Suite B that will bring a new business to the Baton Rouge market. Will Chadwick served as the Tenant Rep for his client NEIGHBORHOOD barre Baton Rouge in this lease. NEIGHBORHOOD barre is a national boutique barre...
The May 18, 2020 issue covers seven commercial sales recorded across Baton Rouge the previous week, totaling $2.24M in disclosed volume. The headline deal: Mohammad Alowda paid $625K ($159/SF) for the Advanced Car Care facility at 9625 Airline Highway near the Old Hammond intersection. The City of Zachary paid $500K for 21.38 acres northwest of the Zachary Walmart, and the...
DOWNLOAD FULL REPORT (PDF) As we began 2020, commercial sales were tracking on pace with the historical average. Due to the impact of COVID-19 and the Governor’s (stay-at-home) order during the latter part of March and entirety of April, millions of dollars in sale transactions were put on pause. Due diligence timeframes were extended and closing dates were pushed back while...
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