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