The Pulse LFT: Burgersmith-anchored retail center sells for 2.9mm

10 Feb The Pulse LFT: Burgersmith-anchored retail center sells for 2.9mm

Posted at 09:47h 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

224 St Nazaire Rd, Broussard, LA 70518

Type: Retail
Price: $2,900,000 ($263.64 / SF)
Buyer: SAINT NAZ LLC
Elifin’s Notes: A retail strip center, anchored by Burgersmith, sells on Saint Nazaire Road in Broussard.

1606 Kaliste Saloom Rd, Lafayette, LA 70508

Type: Retail
Price: $1,890,000 ($1,011.78 / SF)
Buyer: LEE VENABLE HOLDINGS LLC
Elifin’s Notes: A newly-constructed fast food restaurant property sells at the corner of Kaliste Saloom Road and Steiner Road.

208 E Amedee Dr, Scott, LA 70583

Type: Industrial
Price: $440,000 ($69.17 / SF)
Buyer: BL SALES & MANAGEMENT INC
Elifin’s Notes: BL Sales & Management Inc. acquires an industrial property in Scott.

1825 Eraste Landry Rd, Lafayette, LA 70506

Type: Multifamily
Price: $437,000 ($54,625 / Unit)
Buyer: MID CITY APARTMENTS LLC
Elifin’s Notes: Mid City Apartments LLC acquires an 8-unit multifamily property on Eraste Landry Road.

604 S Morgan Ave, Broussard, LA 70518

Type: Retail
Price: $270,000 ($112.50 / SF)
Buyer: PLAY PLACE INC THE
Elifin’s Notes: A retail property sitting on 0.28+ acre sells in Broussard.

105 St Landry St, Lafayette, LA 70506

Type: Retail
Price: $270,000 ($96.43 / SF)
Buyer: SAINT LANDRY HOLDINGS LLC
Elifin’s Notes: Saint Landry Holdings acquires a retail property on Saint Landry Street.

4404 Chemin Metairie Pkwy, Youngsville, LA 70592

Type: Land
Price: $215,000 ($2.29 / Land SF)
Buyer: LEGENDARY SCAPES LLC
Elifin’s Notes: A 2.1+ acre parcel of land sells on Chemin Metairie Parkway.

710 Jefferson Blvd, Lafayette, LA 70501

Type: Specialty
Price: $155,500 ($18.23 / SF)
Buyer: STERLING HOSPITALITY LLC
Elifin’s Notes: A historic church property sells near Downtown Lafayette.

120 Clay Rd, Scott, LA 70583

Type: Industrial
Price: $130,000 ($27.08 / SF)
Buyer: NOEL, CHAD EVERETTE
Elifin’s Notes: A two-building industrial property sells in Scott.

126 Supply Rd, Lafayette, LA 70506

Type: Industrial
Price: $100,000 ($44.11 / SF)
Buyer: MCGILL PROPERTIES LLC
Elifin’s Notes: An industrial property sells off of Cameron Street.

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
105 Marbelhead Ave	Commercial New Construction $11,000,000	New Residential Construction- 94 cottage style buildings located within larger development of Acadian Point, on existing permit number 2024-1601.	[O] Level Construction and Development LLC, Level Homes [C] N/A
1200 LAJAUNIE RD	Addition / Alteration / Repair (C) $340,000	Renovation of existing mounted patrol horse barn where offices and breakroom will be located.	[O] N/A [C] N/A
310 YOUNGSVILLE HWY	Addition / Alteration / Repair (C) $0	This project is a finish out of an existing building with an approximate 2,500 SF expansion to provide a 62 bed behavioral health hospital. Program consists of 31 semi-private patient rooms, social spaces, group rooms, offices, support spaces, and a dietary suite. A portion of the existing facade will be demolished to provide a wainscot, the remaining facade will be patched, repaired, and painted. Pre-manufactured canopies will be supplied at the main entry as well as the patient courtyards.	[O] N/A [C] N/A
225 LE MEDECIN RD	Addition / Alteration / Repair (C) $0	VEHICLE STORAGE FOR TOW CO. Using adjacent property to store vehicles for existing tow company. No structures proposed.	[O] N/A [C] SELF, STEWART E HUVAL
1101 SW EVANGELINE THWY	Addition / Alteration / Repair (C) $0	COVERED CARPORT ON BUSINESS / AWNING	[O] N/A [C] N/A
3201 Kaliste Saloom Rd	Addition / Alteration / Repair (C) $0	SITE AND BUILDING IMPROVEMENTS TO AN EXISTING MANUFACTURED HOME COMMUNITY OF 34 ACRES (+/-), INCLUDING RENOVATION OF (2) EXISTING ONE-STORY BUILDINGS, AN EXISTING SWIMMING POOL, AND SURROUNDING LANDSCAPE IN THE CENTRAL COMMON AREA. WORK ALSO INCLUDES IMPROVEMENTS TO EXISTING INFRASTRUCTURE SUCH AS SITE LIGHTING AND DRIVE LANES.	[O] Prime Oak Capital, Harsheel Shah [C] N/A
107 ALCIDE DOMINQUE	Commercial New Construction $0	There are 96 total dwelling units contained in 4 total residential structures. Dwelling units include 1-BR, 2-BR, and 3-BR unit types. The leasing office is located in an on-site clubhouse that includes other tenant amenities. Other site structures include a utility building for Management use, a mail center, picnic pavilion, dog park shade structure, and a cabana adjacent to the clubhouse pool.	[O] Arbour Valley Development, Gabe Ehrenstein [C] DOUG HOLLYHAND REALTY, INC.
107 ALCIDE DOMINQUE	Commercial New Construction $0	There are 96 total dwelling units contained in 4 total residential structures. Dwelling units include 1-BR, 2-BR, and 3-BR unit types. The leasing office is located in an on-site clubhouse that includes other tenant amenities. Other site structures include a utility building for Management use, a mail center, picnic pavilion, dog park shade structure, and a cabana adjacent to the clubhouse pool.	[O] Arbour Valley Development, Gabe Ehrenstein [C] C G LOGAN CONSTRUCTION, KENT RICHE
107 ALCIDE DOMINQUE	Commercial New Construction $0	There are 96 total dwelling units contained in 4 total residential structures. Dwelling units include 1-BR, 2-BR, and 3-BR unit types. The leasing office is located in an on-site clubhouse that includes other tenant amenities. Other site structures include a utility building for Management use, a mail center, picnic pavilion, dog park shade structure, and a cabana adjacent to the clubhouse pool.	[O] Arbour Valley Development, Gabe Ehrenstein [C] C G LOGAN CONSTRUCTION, KENT RICHE
107 ALCIDE DOMINQUE	Commercial New Construction $0	There are 96 total dwelling units contained in 4 total residential structures. Dwelling units include 1-BR, 2-BR, and 3-BR unit types. The leasing office is located in an on-site clubhouse that includes other tenant amenities. Other site structures include a utility building for Management use, a mail center, picnic pavilion, dog park shade structure, and a cabana adjacent to the clubhouse pool.	[O] Arbour Valley Development, Gabe Ehrenstein [C] C G LOGAN CONSTRUCTION, KENT RICHE
107 ALCIDE DOMINQUE	Commercial New Construction $0	There are 96 total dwelling units contained in 4 total residential structures. Dwelling units include 1-BR, 2-BR, and 3-BR unit types. The leasing office is located in an on-site clubhouse that includes other tenant amenities. Other site structures include a utility building for Management use, a mail center, picnic pavilion, dog park shade structure, and a cabana adjacent to the clubhouse pool.	[O] Arbour Valley Development, Gabe Ehrenstein [C] DOUG HOLLYHAND REALTY, INC.
107 ALCIDE DOMINQUE	Commercial New Construction $0	There are 96 total dwelling units contained in 4 total residential structures. Dwelling units include 1-BR, 2-BR, and 3-BR unit types. The leasing office is located in an on-site clubhouse that includes other tenant amenities. Other site structures include a utility building for Management use, a mail center, picnic pavilion, dog park shade structure, and a cabana adjacent to the clubhouse pool.	[O] Arbour Valley Development, Gabe Ehrenstein [C] C G LOGAN CONSTRUCTION, KENT RICHE
107 ALCIDE DOMINQUE	Commercial New Construction $0	There are 96 total dwelling units contained in 4 total residential structures. Dwelling units include 1-BR, 2-BR, and 3-BR unit types. The leasing office is located in an on-site clubhouse that includes other tenant amenities. Other site structures include a utility building for Management use, a mail center, picnic pavilion, dog park shade structure, and a cabana adjacent to the clubhouse pool.	[O] Arbour Valley Development, Gabe Ehrenstein [C] C G LOGAN CONSTRUCTION, KENT RICHE
107 ALCIDE DOMINQUE	Commercial New Construction $0	There are 96 total dwelling units contained in 4 total residential structures. Dwelling units include 1-BR, 2-BR, and 3-BR unit types. The leasing office is located in an on-site clubhouse that includes other tenant amenities. Other site structures include a utility building for Management use, a mail center, picnic pavilion, dog park shade structure, and a cabana adjacent to the clubhouse pool.	[O] Arbour Valley Development, Gabe Ehrenstein [C] C G LOGAN CONSTRUCTION, KENT RICHE
107 ALCIDE DOMINQUE	Commercial New Construction $0	There are 96 total dwelling units contained in 4 total residential structures. Dwelling units include 1-BR, 2-BR, and 3-BR unit types. The leasing office is located in an on-site clubhouse that includes other tenant amenities. Other site structures include a utility building for Management use, a mail center, picnic pavilion, dog park shade structure, and a cabana adjacent to the clubhouse pool.	[O] Arbour Valley Development, Gabe Ehrenstein [C] DOUG HOLLYHAND REALTY, INC.
107 ALCIDE DOMINQUE	Commercial New Construction $0	There are 96 total dwelling units contained in 4 total residential structures. Dwelling units include 1-BR, 2-BR, and 3-BR unit types. The leasing office is located in an on-site clubhouse that includes other tenant amenities. Other site structures include a utility building for Management use, a mail center, picnic pavilion, dog park shade structure, and a cabana adjacent to the clubhouse pool.	[O] Arbour Valley Development, Gabe Ehrenstein [C] C G LOGAN CONSTRUCTION, KENT RICHE
107 ALCIDE DOMINQUE	Commercial New Construction $0	There are 96 total dwelling units contained in 4 total residential structures. Dwelling units include 1-BR, 2-BR, and 3-BR unit types. The leasing office is located in an on-site clubhouse that includes other tenant amenities. Other site structures include a utility building for Management use, a mail center, picnic pavilion, dog park shade structure, and a cabana adjacent to the clubhouse pool.	[O] Arbour Valley Development, Gabe Ehrenstein [C] C G LOGAN CONSTRUCTION, KENT RICHE
107 ALCIDE DOMINQUE	Commercial New Construction $0	There are 96 total dwelling units contained in 4 total residential structures. Dwelling units include 1-BR, 2-BR, and 3-BR unit types. The leasing office is located in an on-site clubhouse that includes other tenant amenities. Other site structures include a utility building for Management use, a mail center, picnic pavilion, dog park shade structure, and a cabana adjacent to the clubhouse pool.	[O] Arbour Valley Development, Gabe Ehrenstein [C] C G LOGAN CONSTRUCTION, KENT RICHE
107 ALCIDE DOMINQUE	Commercial New Construction $0	There are 96 total dwelling units contained in 4 total residential structures. Dwelling units include 1-BR, 2-BR, and 3-BR unit types. The leasing office is located in an on-site clubhouse that includes other tenant amenities. Other site structures include a utility building for Management use, a mail center, picnic pavilion, dog park shade structure, and a cabana adjacent to the clubhouse pool.	[O] Arbour Valley Development, Gabe Ehrenstein [C] DOUG HOLLYHAND REALTY, INC.
107 ALCIDE DOMINQUE	Commercial New Construction $0	There are 96 total dwelling units contained in 4 total residential structures. Dwelling units include 1-BR, 2-BR, and 3-BR unit types. The leasing office is located in an on-site clubhouse that includes other tenant amenities. Other site structures include a utility building for Management use, a mail center, picnic pavilion, dog park shade structure, and a cabana adjacent to the clubhouse pool.	[O] Arbour Valley Development, Gabe Ehrenstein [C] C G LOGAN CONSTRUCTION, KENT RICHE
107 ALCIDE DOMINQUE	Commercial New Construction $0	There are 96 total dwelling units contained in 4 total residential structures. Dwelling units include 1-BR, 2-BR, and 3-BR unit types. The leasing office is located in an on-site clubhouse that includes other tenant amenities. Other site structures include a utility building for Management use, a mail center, picnic pavilion, dog park shade structure, and a cabana adjacent to the clubhouse pool.	[O] Arbour Valley Development, Gabe Ehrenstein [C] C G LOGAN CONSTRUCTION, KENT RICHE
107 ALCIDE DOMINQUE	Commercial New Construction $0	There are 96 total dwelling units contained in 4 total residential structures. Dwelling units include 1-BR, 2-BR, and 3-BR unit types. The leasing office is located in an on-site clubhouse that includes other tenant amenities. Other site structures include a utility building for Management use, a mail center, picnic pavilion, dog park shade structure, and a cabana adjacent to the clubhouse pool.	[O] Arbour Valley Development, Gabe Ehrenstein [C] C G LOGAN CONSTRUCTION, KENT RICHE
109 OAK CREST DR	Electrical Standalone (C) $0	ELECTRIC	[O] N/A [C] N/A
401 D ARCENEAUX RD #6	Electrical Standalone (C) $0	CONTRACTOR IS CHANGING OUT POLE IN MOBILE HOME PARK 401 D Arceneaux Rd #6	[O] N/A [C] N/A
206 VIEUX ORLEANS CIR	Electrical Standalone (C) $0	Upgrading of service	[O] N/A [C] N/A
815 MARTIN LUTHER KING JR DR	Electrical Standalone (C) $0	Replace missing 100-amp FPE main breakers in (2) separate meter banks for two units in quadraplex apartment building.	[O] N/A [C] N/A
3861 AMBASSADOR CAFFERY PKWY	Electrical Standalone (C) $0	Inspection for irrigation backflow replacement	[O] N/A [C] N/A
815 MARTIN LUTHER KING JR DR	Electrical Standalone (C) $0	Replace missing 100-amp FPE main breakers in (2) separate meter banks for two units in quadraplex apartment building. Breakers will reuse existing service feeders to individual unit panels. Chris’ Electrical will reuse (1) existing breaker that owner has on site	[O] N/A [C] N/A
103 LIMOGES ST	Electrical Standalone (C) $0	Multi-Family Living Unit (A)	[O] N/A [C] N/A
103 LIMOGES ST	Electrical Standalone (C) $0	Multi-Family Living unit B	[O] N/A [C] N/A
103 LIMOGES ST	Electrical Standalone (C) $0	Multi-Family Living UNIT C	[O] N/A [C] N/A
103 LIMOGES ST	Electrical Standalone (C) $0	Multi-Family Living UNIT D	[O] N/A [C] N/A
538 CAJUNDOME BLVD	Mechanical Standalone (C) $0	1. Replace existing AC system serving Data Room (AC system CRAC2) – 25 Ton AC System 2. Add additional AC system to serve Data Room (AC system CRAC1) – 25 Ton AC System	[O] N/A [C] AIR PLUS L.L.C., LYLE GUIDRY
2813 VEROT SCHOOL RD	Plumbing Standalone (C) $0	Smoke test	[O] N/A [C] STUTES PLUMBING, INC., MARCUS STUTES
401 GALBERT RD	Plumbing Standalone (C) $0	BACKFLOW	[O] N/A [C] MR ROOTER OF LAF DBA DW PLB LLC, DON G WILLIAMS JR
700 RIDGE RD	Plumbing Standalone (C) $0	REPLACING BACKFLOW PREVENTOR	[O] KOURCO ENVIRONMENTAL INC [C] ALL AROUND PLUMBING & SERVICES, elizabeth
1640 SURREY ST	Plumbing Standalone (C) $0	Need a gas test	[O] N/A [C] COLVILLE PLUMBING & HEATING INC, DOUGLAS STUTES
2426 LA 93	Plumbing Standalone (C) $0	BACKFLOW PREVENTER	[O] N/A [C] ENVIRONMENTAL PLUMBING SOLUTIONS, JOHN HOSKINS
2301 JOHNSTON ST	Sign – Wall Sign (C) $0	N/A	[O] N/A [C] N/A
104 MARBLEHEAD AVE BLD #1	Townhouse (C) $0	6, 2 STORY TOWNHOME STYLE BUILDINGS FOR A TOTAL OF (30) UNITS. LOCATED WITHIN THE LARGER DEVELOPMENT OF ACADIAN POINT. EXISTING PERMIT NUMBER IS #2024-1601.	[O] N/A [C] LEVEL CONSTRUCTION & DEVELOPMENT, LLC
104 MARBLEHEAD AVE	Townhouse (C) $0	6, 2 STORY TOWNHOME STYLE BUILDINGS FOR A TOTAL OF (30) UNITS. LOCATED WITHIN THE LARGER DEVELOPMENT OF ACADIAN POINT. EXISTING PERMIT NUMBER IS #2024-1601(LEASING BLD)	[O] N/A [C] N/A

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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