The Pulse LFT: Former Riverside Church property sold

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

Commercial Sales Recorded Last Week

200 Southcity Pkwy
200 Southcity Pkwy

Type: Specialty
Price: $1,800,000 ($144.23 / SF)
Buyer: SOUTHCITY PROPERTIES LLC
Elifin’s Notes: Local developers purchase a portion of land, including the 12,480 sq ft building, formerly occupied by the Riverside Church of Christ

1951 Chemin Metairie Rd
1951 Chemin Metairie Rd

Type: Land
Price: $1,473,678 ($9.00 / Land SF)
Buyer: SUGAR MILL VILLAS II LIMITED PARTNERSHIP JMB ASSET MANAGEMENT LLC
Elifin’s Notes: Baton Rouge-based investors purchase a 3.759 acre lot on Chemin Metairie Road intended for the Sugar Mills Villa Phase II apartments

134 Rue de Cotton

Type: Land
Price: $1,400,700 ($3.22 / Land SF)
Buyer: GLOBAL NUTRITION LLC
Elifin’s Notes: Crowley-based entity purchases a 10 acre parcel of land in the Cenac Commercial Park area on Rue de Cotton Road in Carencro

500 Richland Ave
500 Richland Ave

Type: Office
Price: $665,000 ($221.67 / SF)
Buyer: L & M AVANT HOLDINGS LLC
Elifin’s Notes: Local entity purchases office building in the River Ranch area

3219 Johnston St
3219 Johnston St

Type: Retail
Price: $650,000 ($76.20 / SF)
Buyer: CASA DE LOPEZ PROPERTIES LLC
Elifin’s Notes: A pair of Duson-based investors purchase a two-unit retail property on Johnston Street near The Grand movie theatre, with one unit currently home to Award Master

811 Stevenson St
811 Stevenson St

Type: Multifamily
Price: $525,000 ($105,000 / Unit)
Buyer: HELFERS HOLDINGS LLC
Elifin’s Notes: A pair of local individuals purchase a 5-unit multi-family property with a duplex and triplex on the parcel between General Mouton and University

126 Rue de Cotton

Type: Land
Price: $280,000 ($3.21 / Land SF)
Buyer: KENWORTH OF SOUTH LOUISIANA LLC
Elifin’s Notes: Kenworth purchases a 2 acre parcel adjacent to their existing building on Rue de Cotton Road in Carencro

1017 Saint John St
1017 Saint John St

Type: Office
Price: $279,000 ($172.22 / SF)
Buyer: SAMPA PROPERTIES LLC
Elifin’s Notes: Local group purchases an office building at the corner of Saint John and West Covenant in the Vermilionville area


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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