The Pulse LFT: Commercial real estate sales from last week

03 Apr The Pulse LFT: Commercial real estate sales from last week

Posted at 11:34h 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

1717 Eraste Landry Rd

Type: Multifamily
Price: $3,800,000 ($34,862 / Unit)
Buyer: STANLEY LAFAYETTE OAKS LLC
Elifin’s Notes: Local investment group purchases the Oak Park Estates mobile home park in the Oak Park Estates area

111 Wallace Broussard Rd

Type: Retail
Price: $3,000,000 (- / SF)
Buyer: CADET 23 LLC
Elifin’s Notes: Delaware-registered entity acquires the Express Car Wash in Carencro

822 Harding St

Type: Office
Price: $2,675,000 ($103 / SF)
Buyer: HARDING PARTNERS LLC
Elifin’s Notes: Local investor acquires large office building on Harding Street in the Heymann Oil Center area

3600 E Simcoe St

Type: Multifamily
Price: $2,150,000 ($40,566 / Unit)
Buyer: SC RIVERSIDE LLC
Elifin’s Notes: Covington-based investment group purchases the, 53-unit, Riverside at Oakbourne multifamily complex adjacent to Oakbourne Country Club

709 Kaliste Saloom Rd

Type: Mixed-Use
Price: $2,000,000 ($97 / SF)
Buyer: TECHNEAUX TECHNOLOGY SERVICES LLC
Elifin’s Notes: Lafayette-based technology company purchases the long-standing Fontana Center on Kaliste Saloom Road

1400 Camellia Blvd

Type: Land
Price: $1,696,000 ($22.00 / Land SF)
Buyer: FIDELITY BANK
Elifin’s Notes: Fidelity Bank purchases a 1.77 acre pad site at the intersection of Kaliste Saloom Road and Camellia Boulevard directly across the street from River Ranch and Parc Lafayette

107 Republic Ave

Type: Land
Price: $1,043,467 ($10.37 / Land SF)
Buyer: FARISH HOLDINGS LLC
Elifin’s Notes: South Carolina-based investment entity purchases 2.31 acres of vacant commercial land in the American Plaza area

201 Duval St

Type: Multifamily
Price: $750,000 ($46,875 / Unit)
Buyer: MDL INVESTMENT PROPERTIES LLC
Elifin’s Notes: Church Point-based investors acquire a 16-unit multifamily property in the NP Moss Preparatory School Lee Addition

1700 W Willow St

Type: Land
Price: $560,000 ($1.54 / Land SF)
Buyer: LAFAYETTE PARISH
Elifin’s Notes: A smart investment yields admirable and speedy returns for the Seller, as Lafayette Parish purchases approximately 8.37 acres of vacant land in Scott

708 Beau Pre Rd, Lafayette, LA 70508

Type: Industrial
Price: $495,000 ($43 / SF)
Buyer: SIMON, ANDY CHASE
Elifin’s Notes: Breaux Bridge-based investor purchases a general industrial property, Tract 2-A, along Beau Pre Road

113 Jared Dr

Type: Industrial
Price: $450,000 ($113 / SF)
Buyer: FOSTER THE LOVE LOUISIANA INC
Elifin’s Notes: Lafayette-based organization purchases an industrial building along with an adjacent vacant lot in Broussard

109 Row Three

Type: Industrial
Price: $435,000 ($64 / SF)
Buyer: JL BECK LLC
Elifin’s Notes: Local investors purchase an industrial property with the capacity for light distribution, office and warehouse space in the Canebreak Commercial & Business Park

600 S Saint Etienne Rd

Type: Land
Price: $250,000 ($1.10 / Land SF)
Buyer: DROBCO PROPERTIES LLC
Elifin’s Notes: Local investment group purchases 5.2 acres of vacant land in an industrial area of Broussard

1405 W Pinhook Rd

Type: Office
Price: Withheld
Buyer: SEVEN OAKS GRAND COTEAU LLC
Elifin’s Notes: Arnaudville-based investors purchase an office building in the Oil Center area

6153 Johnston St

Type: Retail
Price: Withheld
Buyer: BOING US HOLDCO INC dba INTERNATIONAL CAR WASH GROUP
Elifin’s Notes: Charlotte-based group purchases the Amerishine Car Wash on Johnston Street near its intersection with Southcity Parkway

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
848 SAINT JOHN ST	Addition / Alteration / Repair (C) $59,480	“commercial reroof OK PER ERIC”	[O] N/A [C] N/A
111 MONROE ST	Demo (C) $9,000	Interior demo for architect planning	[O] N/A [C] Pride Contractors,llc, Will Fontenot
504 GARFIELD ST	Addition / Alteration / Repair (C) $0.00	Interior painting, add one bathroom, install one 5 tone unit and add fresh air to the existing one, race the front exterior walls to create a sing area for future installation.	[O] N/A [C] N/A
301 DOUCET RD	Addition / Alteration / Repair (C) $0.00	Addition to the existing health club to enlarge the existing ladies locker room and provide new workout space for women.	[O] N/A [C] RUDICK COMPANY, INC.
5700 JOHNSTON ST	Addition / Alteration / Repair (C) $0.00	“THIS PROJECT IS A TENANT IMPROVEMENT TO A FORMER RETAIL TENANT SPACE WITHIN AN EXISTING STRIP CENTER EXISTING CONDITIONS INCLUDE: EXTERIOR WALLS, ALUMINUM STOREFRONT SYSTEM, INTERIOR DEMISING WALLS ROOF, ELECTRICAL SERVICE & PANELS, A SPRINKLER FIRE RISER, ROOFTOP HVAC UNITS, DUCTWORK , SUPPLY DIFFUSERS AND RETURN AIR GRILLES, LAY IN ACOUSTICAL CEILING TILES & GRIDS, INTERIOR LAY-IN LIGHTS AND EXIT SIGNS. INTERIOR SCOPE OF WORK WILL INCLUDE: SALES/STOCK WALL, DEDICATED OFFICE SPACE, TRACK LIGHTING, FLOOR FINISHES AND FIXTURES, (2) ACCESSIBLE RESTROOMS INTERIOR FINISHES, RETAIL MERCHANDISE & DISPLAY FIXTURES AND CASHWRAP. EXTERIOR SIGN SHALL BE INSTALLED UNDER A SEPARATE PERMIT.”	[O] N/A [C] N/A
1120 Coolidge Street, Suite A	Addition / Alteration / Repair (C) $0.00	The scope of work consists of a renovation of an existing restaurant into a new restaurant space with a different tenant. The existing space is approximately 3,425 square feet located in a shopping center in Lafayette, Louisiana. Existing food service equipment has been removed and new food service equipment will be provided by the owner. Finish upgrades will be provided throughout, with some existing ceiling and wall treatments to remain.	[O] Breakfast Brunch Lunch LLC, Steven Laborde [C] N/A
1601 KALISTE SALOOM RD	Addition / Alteration / Repair (C) $0.00	THIS PROJECT IS FOR AN OFFICE AND BATHROOM ADDITION WITH SOME INTERIOR MODIFICATIONS TO AN EXISTING DENTIST OFFICE.	[O] N/A [C] N/A
1501 LA NEUVILLE RD	Addition / Alteration / Repair (C) $0.00	Phase I construction of a self storage facility and associated site development work.	[O] N/A [C] N/A
330 GUILBEAU RD	Addition / Alteration / Repair (C) $0.00	CHANGE IN USE FROM AN OFFICE TO A BAR	[O] N/A [C] N/A
2470 W CONGRESS ST	Addition / Alteration / Repair (C) $0.00	DRIVE – THROUGH ONLY Scooter’s Coffee.	[O] N/A [C] N/A
1229 NW EVANGELINE THWY	Addition / Alteration / Repair (C) $0.00	RENOVATION OF AN EXISTING COMMERCIAL BUILDING INTO NEW FIRE SEPARATED OCCUPANCIES.	[O] N/A [C] N/A
425 JEFFERSON ST	Addition / Alteration / Repair (C) $0.00	“I’VE ATTACHED A WHITE BOX/TENANT CONCEPT. CHANGE OF OCCUPANCY. PREVIOUS PROJECT (BLD2021-2014) DID NOT GET CONSTRUCTED. 3 TENANTS: 1 MERCANTILE, 1 ASSEMBLY (UNDER 50), 1 BUSINESS (SECOND FLOOR”	[O] N/A [C] N/A
103 INDEPENDENCE BLVD	Addition / Alteration / Repair (C) $0.00	“THIS PROJECT CONSISTS OF THE RENOVATION TO AN EXISTING OFFICE SPACE. ELECTRICAL, MECHANICAL AND PLUMBING ARE PART OF THE PROJECT SCOPE. THE PROJECT ALSO INCLUDES MODIFICATIONS TO THE EXISTING PARKING. WORK IS AS INDICATED IN THESE DRAWINGS AND ACCOMPANYING SPECIFICATIONS. ALL EXTERIOR AND INTERIOR AREAS NOT INVOLVED IN THE SCOPE OF WORK SHALL BE KEPT CLEAN AND FREE OF OBSTRUCTIONS AT ALL TIMES. IF REQUIRED BY OWNER ERECT TEMPORARY BARRIERS INCLUSIVE OF BARRICADES AND WARNING SIGNS DIVERTING AND WARNING THE BUILDING USERS AND THE GENERAL PUBLIC OF DEMOLITION AND CONSTRUCTION WORK. REFER TO THE DEMOLITION NOTES THIS SHEET ON INFORMATION WHICH MAY INCLUDE HAZARDOUS MATERIALS.”	[O] N/A [C] N/A
302 TOLEDO DR	Addition / Alteration / Repair (C) $0.00	make warehouse into gym for tumbling, stunting, cheerleading, work out facility	[O] N/A [C] N/A
3350 VEROT SCHOOL RD	Electrical Standalone (C) $0.00	POWER SUPPLY	[O] N/A [C] N/A
307 PECAN GROVE RD	Electrical Standalone (C) $0.00	Panel change	[O] N/A [C] N/A
1111 ROPER DR #87	Electrical Standalone (C) $0.00	UPGRADING ELE SERVICE	[O] SHILOH MOBILE HOME PARK [C] CHAD ROGER ELECTRICAL, LLC, CHAD ROGER
1016 SW EVANGELINE THWY	Electrical Standalone (C) $0.00	Changing out the main breaker in the panel	[O] N/A [C] N/A
108 W MILTON AVE	Electrical Standalone (C) $0.00	“GENERAL TO GET UTILITIES ON ENTERGY!!!!!!!!!!!!!!!”	[O] N/A [C] N/A
231 SAINT ESPRIT RD	Electrical Standalone (C) $0.00	Power pole for a mobile home	[O] N/A [C] N/A
200 MERCHANTS BLVD	Electrical Standalone (C) $0.00	Need meter inspection for unit 160. Apartment K. No meter present. Has been off for over 6 months and needs to be inspected to have turned on. UNIT 160 APT K	[O] N/A [C] N/A
215 THRU-WAY PARK RD	Electrical Standalone (C) $0.00	Replaced 200 Amp – 3 phase meterbase due to LUS meter failure; \LUS requested changing meterbase to newer style.	[O] N/A [C] N/A
913 CHEMIN AGREABLE	Electrical Standalone (C) $0.00	We will be installing a service pole with 150A service meter socket. SLEMCO will bring power to our service pole once complete.	[O] N/A [C] N/A
102 WESTWOOD DR	Electrical Standalone (C) $0.00	Changing out electrical panel in Apt.# 315, Building #27	[O] N/A [C] N/A
104 WESTWOOD DR	Electrical Standalone (C) $0.00	Changing out electrical panel in Apt.#447, Building #25	[O] N/A [C] N/A
337 E UNIVERSITY AVE	Electrical Standalone (C) $0.00	We will be changing out the guts for the meter on apartment 23 to get power restored.	[O] N/A [C] N/A
303 RAYBURN ST	Electrical Standalone (C) $0.00	Changing out electrical panel in Apt.# 532, Building #33	[O] N/A [C] N/A
303 RAYBURN ST	Electrical Standalone (C) $0.00	Changing out electrical panel in Apt.# 617 Building #31	[O] N/A [C] N/A
1018 EIGHTH ST	Electrical Standalone (C) $0.00	GENERAL TO GET UTILITIES ON	[O] N/A [C] N/A
2600 CAMERON ST	Electrical Standalone (C) $0.00	REPLACING DEFAULT MAIN PANEL	[O] N/A [C] N/A
100 N UNIVERSITY AVE	Electrical Standalone (C) $0.00	ELECTRICAL FOR INSTALLATION OF GENERATOR WILL ALSO NEED DARLINE HOBACK’S APPROVAL.	[O] N/A [C] N/A
106 OIL CENTER DR	Mechanical Standalone (C) $0.00	REPLACING 3 TON PACKAGE UNIT ON ROOFTOP D 250	[O] N/A [C] RON’S HEATING & AIR CONDITIONING, INC., Broussard, Ron C.
501 SURREY ST	Mechanical Standalone (C) $0.00	COMPLETE A/C CHANGE OUT	[O] Quoyeser, Inc [C] N/A
103 PRESTWICK CT	Mechanical Standalone (C) $0.00	Removed and Replaced 3 HVAC Systems for a Bank owned Property	[O] N/A [C] CAVINS A/C AND HEATING LLC, EVANS CAVIN
219 INDUSTRIAL PKWY	Plumbing Standalone (C) $0.00	Water service	[O] N/A [C] DARREN AUCOIN’S PLUMBING, LLC, Darren W. Aucoin
217 INDUSTRIAL PKWY	Plumbing Standalone (C) $0.00	Water service	[O] N/A [C] DARREN AUCOIN’S PLUMBING, LLC, Darren W. Aucoin
105 READING AVE	Plumbing Standalone (C) $0.00	new backflow install for irrigation system	[O] N/A [C] BROTHERS SERVICES, INC, STEVE SCARSELLA
310 S BUCHANAN ST	Plumbing Standalone (C) $0.00	gas test	[O] N/A [C] STUTES PLUMBING, INC., MARCUS STUTES
2700 MOSS ST	Plumbing Standalone (C) $0.00	“INSTALLING GREASE TRAP UNDER SINK OK TO SELL TO CHRIS AS PER PHONE CONVO W/ RANDY ARCENEAUX”	[O] SNO-BALL STAND [C] AFFORDABLE PLUMBING SERVICE, RANDY ARCENEAUX
3804 AMBASSADOR CAFFERY PKWY	Plumbing Standalone (C) $0.00	back low preventer new install	[O] N/A [C] OLIVIER’S SERVICES INC, JEFF OLIVIER
120 MATRIX LOOP	Sign – Freestanding (C) $0.00	N/A	[O] N/A [C] N/A
4041 AMBASSADOR CAFFERY PKWY	Sign – Wall Sign (C) $0.00	N/A	[O] N/A [C] N/A
2474 W CONGRESS ST	Sign – Wall Sign (C) $0.00	N/A	[O] N/A [C] ACADIANA LIGHTING & SIGNS LLC, Andrew Trett
3537 AMBASSADOR CAFFERY PKWY	Sign – Wall Sign (C) $0.00	N/A	[O] N/A [C] N/A
6171 JOHNSTON ST	Sign – Wall Sign (C) $0.00	N/A	[O] N/A [C] N/A
6728 JOHNSTON ST	Sign – Wall Sign (C) $0.00	N/A	[O] N/A [C] N/A
120 MATRIX LOOP	Sign – Wall Sign (C) $0.00	N/A	[O] N/A [C] N/A
121 DUHON RD	Sign – Wall Sign (C) $0.00	N/A	[O] N/A [C] N/A
1600 CAMELLIA BOULEVARD, BUILDING D	Sign – Wall Sign (C) $0.00	N/A	[O] CAMELLIA PONDS, LLC, CAMELLIA BONDS, LLC 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.

Elifin Realty

marketing@elifinrealty.com