The Pulse LFT: Development company buys land on Verot School Rd

04 Mar The Pulse LFT: Development company buys land on Verot School Rd

Posted at 09:30h 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

2880 Verot School Rd, Lafayette, LA 70508

Type: Land
Price: $3,000,000 ($3.36 / Land SF)
Buyer: MONTROSE DEVELOPMENT COMPANY LLC
Elifin’s Notes: The Montrose Development Company purchases 20.5+ acres of vacant land at the corner of Vincent Road and Verot School Road

300 Heymann Blvd, 201 Travis St, Lafayette, LA 70503

Type: Office
Price: $954,000 ($90.40 / SF)
Buyer: OC1 LLC
Elifin’s Notes: Local commercial real estate investment company acquires the office property at the corner of Travis Street and Heymann Boulevard in the Oil Center

1200BLK East Broussard Rd, Lafayette, LA 70508

Type: Land
Price: $779,462 ($8.49 / Land SF)
Buyer: BRUHATI 10 LLC
Elifin’s Notes: Local entity purchases 2.1+ acres of vacant land at the corner of East Broussard and Vincent Road

209 Rue Louis XIV, Lafayette, LA 70508

Type: Office
Price: $650,000 ($205.76 / SF)
Buyer: E MF PARTNERS LLC
Elifin’s Notes: Local investor purchases an office building along Rue Louis XIV

101 Brightwood Dr, Lafayette, LA 70508

Type: Office
Price: $360,000 ($144.75 / SF)
Buyer: PARVINO PROPERTIES LLC
Elifin’s Notes: Located in the Grand Pointe subdivision, this former clubhouse turned office property sells to two local professionals

101 North Pat St, Scott, LA 70583

Type: Industrial
Price: $315,000 ($63.00 / SF)
Buyer: PRIDE ELECTRICAL SERVICES LLC
Elifin’s Notes: An industrial property with fully air conditioned warehouse space along with an office area, sells near West Willow Street

105B Balboa Dr, Broussard, LA 70518

Type: Industrial
Price: $300,000 ($75.00 / SF)
Buyer: SMITH, MURRELL THOMAS JR
Elifin’s Notes: An industrial property changes hands near where Bolivar Court meets Highway 90 East

200 Turn Row, Lafayette, LA 70508

Type: Industrial
Price: $295,000 ($46.50 / SF)
Buyer: WILKINS, VERNON EUGENE JR; WILKINS, MELANIE H
Elifin’s Notes: This industrial building, formerly the home of the Jim Camel Specialty Company, sells within the Canebreak Commercial & Business Park

5400 Cameron St, Scott, LA 70583

Type: Retail
Price: $250,000 ($65.95 / SF)
Buyer: RINA KIM PROPERTY LLC
Elifin’s Notes: A Donaldsonville-based entity purchases a retail restaurant property in Scott

815 Foreman Dr, Lafayette, LA 70506

Type: Retail
Price: $120,000 ($38.71 / SF)
Buyer: CULLEN SERVICES LLC
Elifin’s Notes: The Crawfish Pot restaurant property changes hands near Dulles Drive

1203 Jefferson St, Lafayette, LA 70501

Type: Land
Price: $100,000 ($9.57 / Land SF)
Buyer: QUACH, TY THUAN
Elifin’s Notes: A 0.24 acre parcel of vacant land changes hands at the corner of Jefferson Street and Gordon Street across from the mainstay Tammy’s Grocery

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
100 E VERMILION ST	Addition / Alteration / Repair (C) $126,070	COMMERCIAL REROOF	[O] N/A [C] PELLERIN & WALLACE INC, PELLERIN & WALLACE
5521 AMBASSADOR CAFFERY PKWY	Sign – Wall Sign (C) $8,000	N/A	[O] N/A [C] JGWM Signs, LLC, Wesley Gaspar
443 HEYMANN BLVD	Addition / Alteration / Repair (C) $0	RENOVATING AN EXISTING TENANT SPACE TO RECEIVE 2 ROOMS FOR CT/PET SCANS, NO CHANGE OF USE OR OCCUPANCY	[O] N/A [C] N/A
1825 BERTRAND DR	Addition / Alteration / Repair (C) $0	2000 S,F, addition to an existing 4000 s.f.metal building all of Type 5B Construction. The addition will be constructed on a concrete slab and foundation and will be provided with lighting and electrical outlets and an outdoor packaged air conditioning system.	[O] N/A [C] N/A
303 RUE LOUIS XIV	Addition / Alteration / Repair (C) $0	Tenant space demolition and renovation build-out.	[O] N/A [C] N/A
2311 W PINHOOK RD	Commercial New Construction $0	NEW METAL BUILDING	[O] SON AUTO REPAIR [C] CAJUN PAVING & CONSTRUCTION OF ACADIANA, L.L.C.
1101 RUE DU BELIER	Commercial New Construction $0	24’x30’ Metal Storage Building	[O] N/A [C] BERGERON’S METAL BUILDINGS, L.L.C., Percy P. Bergeron Jr.
245 SABATIER RD	Commercial New Construction $0	Dish to collocated onto existing cell tower. Dish will install antennas, RRUs, hybrid cables, etc onto the tower as well as ground equipment cabinet and new 200 amp power meter.	[O] N/A [C] N/A
814 W CONGRESS ST	Electrical Standalone (C) $0	ELEC SERVICE REPAIR	[O] LANGLINAIS BAKERY [C] KURT MELANCON ENTERPRISES INC, JOHN KURT MELANCON
408 DANIEL DR #B	Electrical Standalone (C) $0	It is an apartment that one individual will live.	[O] N/A [C] N/A
103 CLARA ST	Electrical Standalone (C) $0	Novelty wholesale	[O] N/A [C] N/A
248 N COLLEGE RD	Electrical Standalone (C) $0	future use for commercial leasing but needing temporary power for future renovations. there will be no power in the building with the exception to one receptacle and a few temporary lights in hopes to keep people from breaking in.	[O] N/A [C] N/A
200 HIGH MEADOWS BLVD	Electrical Standalone (C) $0	GENERAL INSPECTION TO GET UTILITIES ON	[O] N/A [C] N/A
3219 NW EVANGELINE THWY	Electrical Standalone (C) $0	Replacing bad lugs in trough	[O] N/A [C] N/A
3225 LOUISIANA AVE	Mechanical Standalone (C) $0	Remove and replace (2) packaged rooftop HVAC units, like for like. One at 27.5 tons and one at 25 tons. This is a like for like replacement, same footprint, no ductwork.	[O] N/A [C] AES MECHANICAL SERVICES GROUP, INC, MICHAEL FOWLER
4511 AMBASSADOR CAFFERY PKWY	Plumbing Standalone (C) $0	needing to perform a smoke test, due to being unable to locate the issue.	[O] N/A [C] CJ’S PLUMBING REPAIR, CONNIE J GOULAS
110 SHIPLEY DR	Plumbing Standalone (C) $0	Repeated sewer smell. Need to schedule a time for a smoke test.	[O] N/A [C] HARGRAVE’S PLUMBING LLC, TRAVIS HARGRAVE
101 WESTWOOD DR	Plumbing Standalone (C) $0	Backflow Replacement for Irrigation	[O] N/A [C] ACADIANA PLUMBING SERVICE LLC, DUSTIN R AUCOIN
5808 JOHNSTON ST	Plumbing Standalone (C) $0	Irrigation backflow	[O] N/A [C] THE CUTTING EDGE, BLAKE GILMORE
4154 W CONGRESS ST	Plumbing Standalone (C) $0	BACKFLOW	[O] CHURCH’S CHICKEN [C] MR ROOTER OF LAF DBA DW PLB LLC, DON G WILLIAMS JR
4313 AMBASSADOR CAFFERY PKWY	Plumbing Standalone (C) $0	N/A	[O] N/A [C] MR ROOTER OF LAF DBA DW PLB LLC, DON G WILLIAMS JR
307 POLLY LN	Plumbing Standalone (C) $0	Chiller System	[O] N/A [C] ACADIANA PLUMBING SERVICE LLC, DUSTIN R AUCOIN
201 KALISTE SALOOM RD	Sign – Wall Sign (C) $0	N/A	[O] N/A [C] N/A
3559 AMBASSADOR CAFFERY PKWY	Sign – Wall Sign (C) $0	N/A	[O] N/A [C] N/A
1015 W PINHOOK RD	Sign – Wall Sign (C) $0	N/A	[O] N/A [C] N/A
1206 E BROUSSARD RD	Sign – Wall Sign (C) $0	N/A	[O] N/A [C] N/A
4533 JOHNSTON ST	Sign – Wall Sign (C) $0	N/A	[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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