05 Jan The Pulse LFT: Car wash property sold for 4 million
A weekly update on the commercial real estate landscape of Lafayette.
The Lafayette market is currently witnessing a surge in both transactional liquidity and capital investment, headlined by the $4,000,000 sale of the car wash at 3605 Johnston St and a massive $15.5M commercial permit for the Ochsner Lafayette General Neuroscience Center expansion at 401 Audubon Boulevard. This momentum is further validated by a series of retail and industrial closings including a multi-tenant property at 3263 Ambassador Caffery Pkwy and a restaurant site at 3564 Ambassador Caffery Pkwy. Beyond retail, the industrial sector remains a primary driver of regional activity, with a two-building acquisition at 105-109 Harold Gauthe Rd in Scott and a key facility transfer at 114 Lafferty Dr in Broussard. At ELIFIN®, we bridge the gap between this raw market data and successful execution. We strive to present the most informed perspective on the land, industrial, and retail landscape. By applying our core pillars of relationships, expertise, data, and hustle, we turn these market shifts into a distinct competitive advantage, delivering the expert advisory that makes great deals that make life better.
Commercial Sales Recorded Last Week
3605 Johnston St, Lafayette, LA 70503
Type: Retail
Price: $4,000,000 ($700.65 / SF)
Buyer: RUE DU JAMBON LLC
Elifin’s Notes: A car wash property changes ownership adjacent to Hancock Whitney Bank on Johnston Street.
3263 Ambassador Caffery Pkwy, Lafayette, LA 70506
Type: Retail
Price: $1,060,000 ($140.56 / SF)
Buyer: JUDICE ESTATES LLC
Elifin’s Notes: A multi-tenant retail property sells at Ridge Road and Ambassador Caffery.
3564 Ambassador Caffery Pkwy, Lafayette, LA 70503
Type: Retail
Price: $965,000 ($230.26 / SF)
Buyer: 3564 AMBASSADOR LLC
Elifin’s Notes: A restaurant property changes ownership near the Acadiana Mall off of Johnston Street.
105, 109 Harold Gauthe Rd, Scott, LA 70583
Type: Industrial
Price: $820,000 ($102.50 / SF)
Buyer: ACTS PROPERTIES SCOTT LLC
Elifin’s Notes: A two-building industrial property sells on Harold Gauthe Road.
113 Heymann Blvd, Lafayette, LA 70503
Type: Office
Price: $615,000 ($66.16 / SF)
Buyer: EVEREST REALTY LLC
Elifin’s Notes: An office property next to the Petroleum Club changes hands on Heymann Boulevard.
114 Lafferty Dr, Broussard, LA 70518
Type: Industrial
Price: $550,000 ($76.39 / SF)
Buyer: R J HEBERT INVESTMENTS LLC
Elifin’s Notes: An industrial property changes hands on Lafferty Drive.
Commercial Permits Issued Last Week
| Address |
Type / Value |
Description |
Owner / Applicant / Contractor |
| 401 AUDUBON BOULEVARD |
Addition / Alteration / Repair (C)
$15500000 |
THIS PROJECT ENCOMPASSES APPROXIMATELY 35,680 SF OF RENOVATIONS AND ADDITIONS TO AN EXISTING OFFICE BUILDING, DESIGNED TO ACCOMMODATE A NEW CLINICAL SPACE FOR OCHSNER LAFAYETTE GENERAL -NEUROSCIENCE CENTER AT 401 AUDUBON BOULEVARD, LAFAYETTE, LA 70503. THE PROJECT WILL INCLUDE THE FOLLOWING SPACES: • 22 NEUROSURGERY EXAM ROOMS • RETAIL PHARMACY ON THE FIRST FLOOR • NEUROLOGY AND EMG ROOMS ON THE SECOND FLOOR • ASSOCIATED SUPPORT SPACES FOR PATIENTS AND STAFF • ADDITIONS TO THE PROJECT INCLUDE REVISED ENTRY AND DROP-OFF CANOPY • REVISIONS TO THE PARKING LOT LAYOUT |
[O] N/A
[C] N/A |
| 2000 KALISTE SALOOM RD |
Addition / Alteration / Repair (C)
$250000 |
Office renovation Suite 101 & 102 |
[O] N/A
[C] Gleason Ledet Construction LLC |
| 2428 W PINHOOK RD |
Addition / Alteration / Repair (C)
$240000 |
INSTALL NEW INTERIOR DOOR IN BREAKROOM • INSTALL NEW EXTERIOR DOOR IN RETURN STORAGE • INSTALL NEW EXTERIOR DOOR IN LIQUOR STORE • INSTALL NEW EXTERIOR DOOR IN VISION CENTER • INSTALL NEW EXTERIOR DOOR IN MONEY CENTER • INSTALL NEW EGRESS BUTTON IN AUTO CENTER • INSTALL NEW FIXTURE/SECURITY DOOR • REVISE DOOR HARDWARE IN VET IQ |
[O] N/A
[C] Stuart & Company General Contractors, LLC |
| 302 GUILBEAU RD |
Addition / Alteration / Repair (C)
$130000 |
Rear addition. Complete black-in and foundation |
[O] N/A
[C] NLE Contractors L.L.C. |
| 3216 VEROT SCHOOL RD |
Sign – Freestanding Electrical (C)
$5325 |
N/A |
[O] N/A
[C] Deep South Signs, Morgan Descant |
| 3216 VEROT SCHOOL RD |
Sign – Freestanding Electrical (C)
$5325 |
N/A |
[O] N/A
[C] Deep South Signs LLC, Morgan Bruce Descant |
| 805 TEURLINGS DR |
Addition / Alteration / Repair (C)
$0 |
The David Thibodaux STEM Magnet Academy Gym Addition project consists of a new one story, approximately 15,530 sf gymnasium addition. The structure will be a pre-fabricated metal building structure with metal roof and wall panels, brick façade, and storefront windows. Interior finishes include painted gypsum board metal framed walls, wood athletic flooring, tile, sealed and polished concrete flooring, acoustic ceiling tile, linear wood ceiling, acoustic wall panels, and millwork. MEP systems provided to accommodate building design and function. |
[O] N/A
[C] Trahan Construction LLC, Jordan Guillotte |
| 201 HIGH MEADOWS BLVD |
Electrical Standalone (C)
$0 |
GENERAL FOR LIGHTS |
[O] JONATHON PRUITT
[C] JONATHON PRUITT |
| 4416 JOHNSTON ST |
Electrical Standalone (C)
$0 |
Showcase wholesale distribution |
[O] N/A
[C] N/A |
| 607 COLORADO RD |
Electrical Standalone (C)
$0 |
GENERAL FOR LIGHTS |
[O] ROUTE EASE RRG, INC
[C] ROUTE EASE RRG, INC |
| 5715 JOHNSTON ST |
Mechanical Standalone (C)
$0 |
The building is being used as a climate-controlled storage facility. It is the former Sears. CHANGE OUT ONLY |
[O] N/A
[C] AIR PLUS L.L.C., LYLE GUIDRY |
| 601 VEROT SCHOOL RD |
Reroof (C)
$0 |
N/A |
[O] N/A
[C] Cloteaux Construction LLC, Daniel Cloteaux |
| 104 MARBLEHEAD AVE |
Sign – Freestanding Electrical (C)
$0 |
N/A |
[O] N/A
[C] Pinnacle Exterior Construction, Christian Bernard |
| 104 MARBLEHEAD AVE |
Sign – Freestanding Electrical (C)
$0 |
N/A |
[O] N/A
[C] Pinnacle Exterior Construction LLC, Shane Michael Dantin |
|
|
|
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.
No Comments