The Pulse LFT: Former law firm office sells Downtown

A weekly update on the commercial real estate landscape of Lafayette.

Commercial Sales Recorded Last Week

1581 S Bernard Rd, Broussard, LA 70518
1581 S Bernard Rd, Broussard, LA 70518

Type: Retail
Price: $1,595,000 ($477.26 / SF)
Buyer: CRRE INVESTMENTS LLC
Elifin’s Notes: CRRE Investments acquires the retail property at the corner of South Bernard and West Fairfield, adjacent to the Sabal neighborhood developments, in Broussard.

113 W Convent St, Lafayette, LA 70501
113 W Convent St, Lafayette, LA 70501

Type: Office
Price: $800,000 ($200.00 / SF)
Buyer: FIRST BAPTIST CHURCH OF LAFAYETTE LOUISIANA INC THE
Elifin’s Notes: The First Baptist Church of Lafayette adds another downtown property to their portfolio with the addition of this law firm office property.

4.56 Acres Johnston St, Lafayette, LA 70503
4.56 Acres Johnston St, Lafayette, LA 70503

Type: Land
Price: $740,000 ($3.73 / Land SF)
Buyer: REDDOCH DEVELOPMENT COMPANY LLC THE
Elifin’s Notes: A 4+ acre parcel of land sells near the corner of Johnston Street and East Broussard.

200 Youngsville Hwy, Lafayette, LA 70508
200 Youngsville Hwy, Lafayette, LA 70508

Type: Retail
Price: $410,000 ($102.50 / SF)
Buyer: SHIVOHAM USA LLC
Elifin’s Notes: Shivoham LLC purchases a multi-tenant retail property on Youngsville Highway.

324 W Broussard Rd, Lafayette, LA 70506
324 W Broussard Rd, Lafayette, LA 70506

Type: Industrial
Price: $200,000 ($25.00 / SF)
Buyer: HARGRAVE SUPERIOR PROPERTIES LLC
Elifin’s Notes: Hargrave Superior Properties acquires an industrial property on West Broussard Road.


Commercial Permits Issued Last Week


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
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