31 Aug Terrace Centre sold for over 3 million
A weekly update on the commercial real estate landscape of Lafayette.
Eleven commercial sales closed across Lafayette the week of August 31, 2026, totaling $7.6M in disclosed volume. The headline deal: Madel Realty LLC paid $3.2M ($76.83/SF) for Terrace Centre, a Class B office building on Ambassador Caffery Parkway. Office, industrial, and land assets drove the week’s activity, with out-of-state investors and regional operators capturing multiple properties across the market.
Commercial Sales Recorded Last Week
701 Robley Dr, Lafayette, LA 70503
Type: Office
Price: $3,150,000 ($76.83 / SF)
Buyer: MADEL REALTY LLC
Elifin’s Notes: Terrace Centre, a Class B office building, sells off of Ambassador Caffery Parkway.
1907 W Pinhook Rd, Lafayette, LA 70508
Type: Retail
Price: $1,435,000 ($782.02 / SF)
Buyer: ORION KCPM LLC
Elifin’s Notes: A Florida-based company purchases a Starbucks property on West Pinhook Road.
1000 Blk E Broussard Rd, Lafayette, LA 70508
Type: Land
Price: $650,000 ($0.74 / Land SF)
Buyer: WESTMINSTER CHRISTIAN ACADEMY
Elifin’s Notes: Westminster Christian Academy purchases a 20+ acre parcel of land next to their school on Goshen Lane.
1149 Garber Rd, Broussard, LA 70518
Type: Industrial
Price: $630,000 ($126.00 / SF)
Buyer: PRECISION HOLDINGS LLC
Elifin’s Notes: An industrial facility sitting on 3.57 acres sells on Garber Road.
1239 Camellia Blvd, Lafayette, LA 70508
Type: Land
Price: $525,000 ($31.43 / Land SF)
Buyer: B & T REALTY LLC
Elifin’s Notes: A vacant 0.3+ acre parcel of commercial land sells on Camellia Boulevard.
221 Four Park Rd, Lafayette, LA 70507
Type: Industrial
Price: $472,500 ($88.82 / SF)
Buyer: THOMPSON, BAYLOR
Elifin’s Notes: An industrial property changes hands on Four Park Road.
405 Mecca St, Lafayette, LA 70508
Type: Industrial
Price: $235,000 ($40.52 / SF)
Buyer: LAHUTHA BELT MANUFACTURE LLC
Elifin’s Notes: An industrial property changes hands on Mecca Street.
330 Brigid St, Lafayette, LA 70507
Type: Industrial
Price: $210,000 ($52.50 / SF)
Buyer: JEFFREYS RENTAL LLC
Elifin’s Notes: An industrial warehouse/office property sells on Brigid Street.
2124 W Willow St, Scott, LA 70583
Type: Land
Price: $140,000 ($1.37 / Land SF)
Buyer: L MARK THOMAS INC
Elifin’s Notes: A 2+ acre parcel of land sells on Willow Street in Scott.
Tract 4 NE Evangeline Thwy, Lafayette, LA 70501
Type: Land
Price: $132,428 ($0.29 / Land SF)
Buyer: Eaglin, Anthony
Elifin’s Notes: An adjacent retail property owner purchases a 1+ acre tract of land fronting Northeast Evangeline Thruway.
801 Foreman Dr, Lafayette, LA 70506
Type: Retail
Price: Withheld
Buyer: SINGH SIGNATURE STORES INC
Elifin’s Notes: A strip center property sells at the corner of Foreman and Dulles Drives.
Commercial Permits Issued Last Week
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Sale records included based on the following parameters: Building and commercial land sales with a sales price that is either withheld or greater than or equal to $100,000. Multifamily sales greater than or equal to 5 units. Sale must be an arm’s length transaction (between unrelated parties). Best efforts are made to provide complete and reliable information, but accuracy is not guaranteed and the reader bears the responsibility to verify the accuracy of such information prior to forwarding it, utilizing it, or relying on it in any way.
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