The Pulse LFT: Avanti Senior Living property sells for 28.3mm

04 Aug The Pulse LFT: Avanti Senior Living property sells for 28.3mm

Posted at 09:35h in Research, The Pulse, The Pulse: Lafayette by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Lafayette.

Commercial Sales Recorded Last Week

5522 Ambassador Caffery Pkwy, Youngsville, LA 70592

Type: Healthcare
Price: $28,300,000 ($291.88 / SF)
Buyer: VTR AVT LAFAYETTE LLC
Elifin’s Notes: Ventas, an Illinois-based real estate investment company, acquires the Avanti Senior Living care center.

920 Lebesque Rd, Lafayette, LA 70507

Type: Industrial
Price: $2,200,000 ($52.48 / SF)
Buyer: PEAK NDT SOLUTIONS LLC
Elifin’s Notes: Peak NDT Solutions LLC acquires a multi-building industrial property with a laydown yard and additional covered structures in Scott.

210 Scenic Dr, Lafayette, LA 70501

Type: Land
Price: $655,657 ($0.40 / Land SF)
Buyer: HULIN, JUSTIN MATTHEW
Elifin’s Notes: A 37.7+ acre tract of land sells near Oakbourne Country Club.

219 E Vermilion St, Lafayette, LA 70501

Type: Retail
Price: $273,800 ($207.27 / SF)
Buyer: LAFAYETTE CENTRE DEVELOPMENT DISTRICT
Elifin’s Notes: The Lafayette Centre Development District purchases the former Sans Souci Bookstore property.

100 W Main St, Broussard, LA 70518

Type: Retail
Price: $270,000 ($61.17 / SF)
Buyer: HOB HOLDINGS LLC
Elifin’s Notes: A two-story retail property sells in Downtown Broussard.

5817 Ambassador Caffery Pkwy, Youngsville, LA 70592

Type: Land
Price: $255,000 ($7.32 / Land SF)
Buyer: GB3 LLC
Elifin’s Notes: A 0.8 acre parcel of commercial land sells fronting on Ambassador Caffery in Youngsville.

225 W Main St, Lafayette, LA 70501

Type: Office
Price: $248,000 ($198.40 / SF)
Buyer: E&M HOLDINGS LLC
Elifin’s Notes: E&M Holdings LLC acquires an office property in the downtown area.

814 Veterans Dr, Carencro, LA 70520

Type: Office
Price: $220,000 ($87.89 / SF)
Buyer: EYEQ HOLDINGS LLC
Elifin’s Notes: An eye clinic property changes ownership on Veterans Drive in Carencro.

4631 NW Evangeline Thwy, Carencro, LA 70520

Type: Land
Price: $150,000 ($0.51 / Land SF)
Buyer: ARK REAL ESTATE LLC
Elifin’s Notes: ARK Real Estate LLC purchases 6.8+ acres of land next to the industrial property which they acquired earlier this month.

106 Knightwood Rd, Lafayette, LA 70506

Type: Land
Price: $130,000 ($0.52 / Land SF)
Buyer: LAUGHLIN, JEFFERY ALAN
Elifin’s Notes: A 5.7+ acre parcel of land sells off of Cameron Street in an industrial area near Scott.

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
1002 N UNIVERSITY AVE	Addition / Alteration / Repair (C) $250,000	Installation of new fuel tank, lines. BUILDING PERMIT IS STILL UNDER CONSTRUCTION 2022-2726	[O] N/A [C] LEGENDS DEVELOPMENT, LLC, Jon M. Sarver
2905 KALISTE SALOOM RD	Demo (C) $5,000	The building has been abandoned for years so all power and utilities are already disconnected but we are just asking for temp power pole for electricity to demolish interior of building. I’M HAVING THE GENERAL CONTRACTOR TO SIGN A 60 AMP AFFIDAVIT FOR THE POWER POLE TO BE USE TO CLEAN UP ONLY FOR THE ARCHITECT TO REVEIW BEFORE SUBMITTING PLANS	[O] N/A [C] Chase Group Construction, LLC, Chase Michael Landry
5419 JOHNSTON ST	Addition / Alteration / Repair (C) $0	THIS PROJECT INCLUDES THE TENANT IMPROVEMENT OF THE EXISTING WHITE BOX LOCATED AT 5419 JOHNSTON ST. IN THE TIME PLAZA SHOPPING CENTER. THE DESIGN INTENT IS TO RELOCATE THE EXISTING PROGRAM FROM THE CLIENTS CURRENT LOCATION AT 5520 JOHNSTON STREET, IN THE CENTERPIECE SHOPPING CENTER INTO THIS NEW SPACE. THE TENANT IMPROVEMENT SCOPE IS AS FOLLOWS: SITE MANAGER’S OFFICE, 2 TELLER/ RECEPTIONIST WORKSTATIONS, 2-3 TEMP WORKSPACES, OPEN CONFERENCE SPACE, OPEN AND ENCLOSED STORAGE SPACE, A BREAKROOM, A MEN’S AND WOMEN’S RESTROOM AND ANY REQUIRED SUPPORT SPACE OR CODE RELATED NEEDS.	[O] N/A [C] Arkel Constructors, Kyle Batson
110 TRAVIS ST	Addition / Alteration / Repair (C) $0	Interior renovation of an existing building for new tenant. No change in occupancy type.	[O] N/A [C] N/A
2429 W CONGRESS ST	Addition / Alteration / Repair (C) $0	Interior renovation of existing customer area and restroom.	[O] N/A [C] N/A
2125 W WILLOW ST	Commercial New Construction $0	A NEW STORAGE WAREHOUSE WITH ATTACHED OFFICE FOR A PLUMBING COMPANY. THE OFFICE AREA INCLUDES A SMALL LOBBY / RECEPTION AREA, ENCLOSED OFFICES, WORK ROOM, MULTIPLE SINGLE-USER ACCESSIBLE RESTROOMS, AND A BREAK ROOM. THE WAREHOUSE IS SPLIT INTO TWO LARGE AREA AND INCLUDES A TOOL STORAGE ROOM AND A SINGLE-USER RESTROOM.	[O] N/A [C] Patel Construction LLC, Pinu Patel
906 CENTER ST	Electrical Standalone (C) $0	REPAIR MAST	[O] N/A [C] N/A
124 E CYPRESS ST	Electrical Standalone (C) $0	NEW SERVICE	[O] N/A [C] N/A
440 HEIDE CIR # 112	Electrical Standalone (C) $0	Changing the service one the pole.	[O] N/A [C] N/A
100 WINCHESTER DR	Electrical Standalone (C) $0	APARTMENT 608	[O] N/A [C] N/A
200 MERCHANTS BLVD	Electrical Standalone (C) $0	Power has been off more than 6 months. I was told I need an inspection before I can restore power. blvd unit 223	[O] N/A [C] N/A
200 MERCHANTS BLVD	Electrical Standalone (C) $0	Power has been off more than 6 months. I was told I need an inspection before I can restore power. unit 224	[O] N/A [C] N/A
109 JANE DR	Electrical Standalone (C) $0	6 month inspection	[O] N/A [C] N/A
303 RAYBURN ST	Electrical Standalone (C) $0	Change out electrical panel in Apt. #507, building #41	[O] N/A [C] N/A
301 RAYBURN ST	Electrical Standalone (C) $0	Change out electrical panel in Apt. #579, building #40	[O] N/A [C] N/A
303 RAYBURN ST	Electrical Standalone (C) $0	Change out electrical panel in Apt. # 23,building #39	[O] N/A [C] N/A
303 RAYBURN ST	Electrical Standalone (C) $0	Change out electrical panel in #646, building #34	[O] N/A [C] N/A
303 RAYBURN ST	Electrical Standalone (C) $0	Change out electrical panel in Apt.#611, building #32	[O] N/A [C] N/A
102 WESTWOOD DR	Electrical Standalone (C) $0	Change out electrical panel in Apt. #430, building #29	[O] N/A [C] N/A
101 JANEL DR	Electrical Standalone (C) $0	JOB SHACK FOR MERRICK CONSTRUCTION	[O] N/A [C] N/A
1401 N SAINT ANTOINE ST	Moving Permit (C) $0	2ND BUTLER BUILDING ON LOCATION	[O] THERESA CORMIER [C] Hayes House Moving and Leveling, L.L.C., Brad Jude Hayes Jr.
921 CAMELLIA BLVD	Plumbing Standalone (C) $0	Italian Restaurant	[O] N/A [C] LOUISIANA FIRE EXTINGUISHER INC AND C & I SUPPLY, THOMAS WELCH
4440 Johnston St	Sign – Freestanding (C) $0	Per current plat address will be updated to reflect 4440 Johnston Street	[O] N/A [C] Rayne Signs, Kevin Meche
4410 Johnston St	Sign – Freestanding (C) $0	Per current plat address will be updated to reflect 4440 Johnston Street	[O] N/A [C] Rayne Signs, Kevin Meche
1100 MYRTLE PL	Sign – Freestanding Electrical (C) $0	N/A	[O] N/A [C] Bass Custom Signs, L.L.C., Stephen Basile Sonnier II
1801 KALISTE SALOOM RD	Sign – Wall Sign (C) $0	N/A	[O] N/A [C] AAA Signs, L.L.C., John Brent Comeaux
300 STARLING LN	Sign – Wall Sign (C) $0	N/A	[O] N/A [C] All Star Signs, Brandon Pontiff
4410 JOHNSTON ST	Sign – Wall Sign (C) $0	N/A	[O] N/A [C] Rayne Signs, Kevin Meche
4440 JOHNSTON ST	Sign – Wall Sign (C) $0	N/A	[O] N/A [C] Rayne Signs, Kevin Meche

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.

Elifin Realty

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