The Pulse LFT: Industrial property sells for 1.43mm on Dairy Lane

09 Dec The Pulse LFT: Industrial property sells for 1.43mm on Dairy Lane

Posted at 09:23h 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

100 Dairy Lane, Broussard, LA 70518

Type: Industrial
Price: $1,430,000 ($119.17 / SF)
Buyer: BRAEDEN INDUSTRIES LLC
Elifin’s Notes: Braeden Industries acquires an industrial warehouse property on Dairy Lane.

6921 Ambassador Caffery Pkwy, Broussard, LA 70518

Type: Land
Price: $875,000 ($16.74 / Land SF)
Buyer: JADS PROPERTY LLC
Elifin’s Notes: A 1+ acre parcel of land sells at the intersection of Ambassador Caffery Parkway and Bernard Road.

319 E Pinhook Rd, Lafayette, LA 70501

Type: Industrial
Price: $725,000 ($195.00 / SF)
Buyer: SECOND HARVEST FOOD BANK OF GREATER NEW ORLEANS & ACADIANA
Elifin’s Notes: Second Harvest Food Bank acquires an industrial warehouse property on 2+ acres of land located adjacent to their recent September purchase along Pinhook Road.

1920 Youngsville Hwy, Youngsville, LA 70592

Type: Industrial
Price: $650,000 ($52.00 / SF)
Buyer: B7 OF TEXAS LLC
Elifin’s Notes: B7 of Texas LLC acquires an industrial property featuring two buildings with office space.

206 W Pine St, Lafayette, LA 70501

Type: Retail
Price: $135,000 ($97.12 / SF)
Buyer: NEXT1UP KUTZ LLC
Elifin’s Notes: A retail property changes hands near East Willow Street.

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
251 S Gentilly Rd	Commercial New Construction $2,000,000	A new 141′-3″ x 80′-3″ pre-manufactured metal building will be installed at the South Gentilly Road in Lafayette. The building will consist of a 40′ x 80′ office area and an 81′ x 80′ storage warehouse area divided by a 2-hour fire wall. A 20′ roof-only overhang will be the last bay of the building. A combination of metal and wood studs and joists will be used to build out the office area while the warehouse will be used for storage of low-hazard products.	[O] N/A [C] N/A
2825 JOHNSTON ST	Demo (C) $241,490	INTERIOR DEMO ONLY/ NOT A BUILDING PERMIT OR OCCUPANCY PERMIT	[O] N/A [C] PELLERIN & SONS, INC., Andy J. Pellerin
910 LA NEUVILLE RD	Addition / Alteration / Repair (C) $75,000	Renovation to meet egress and accessibility requirements. Alterations level 2. Less than 50% of total building area. Less than 50% of buildings physical value. For schools classroom and educational occupancy. Change of Occupancy	[O] N/A [C] N/A
121 BOWERS RD	Addition / Alteration / Repair (C) $0	This project consists of the construction of a limestone drive that will connect Bowers Road to Willow Street. In addition to the drive, limestone pavement will be installed to provide an area to store the power pole sections.	[O] N/A [C] N/A
222 TOWER DR	Addition / Alteration / Repair (C) $0	BUSINESS OFFICE BEING RENOVATED TO HOUSE AN AIRPLANE HANGER, 1 HOUR SEPARATION PROVIDED	[O] N/A [C] N/A
3225 LOUISIANA AVE	Addition / Alteration / Repair (C) $0	Renovation of existing Target Store – Work to include Architectural, Structural, Mechanical, Electrical, Plumbing, and Refrigeration Scope. Exterior facade updates.	[O] N/A [C] N/A
4801 AMBASSADOR CAFFERY PKWY	Addition / Alteration / Repair (C) $0	Addition to Hospital Emergency Department with support spaces	[O] N/A [C] N/A
2201 VEROT SCHOOL RD	Addition / Alteration / Repair (C) $0	THIS PERMIT IS BEING SUBMITTED FOR REVIEW OF THE CEILING AND ROOF REPAIRS ONLY, A SFM PLAN REVIE WIS NOT REQUIRED. THEREFORE SFM STAMPED PLANS WILL NOT BE UP LOADED. M ********* WAITING ON BUILDING CONTRACTOR WITH COST OF CONSTRUCTION..*******	[O] N/A [C] N/A
4533 Johnston Street Suite B-3	Addition / Alteration / Repair (C) $0	Suite build out for New Tenant. Building shell and Site components are all existing	[O] N/A [C] N/A
3617 Ambassador Caffery Pkwy	Commercial New Construction $0	43,396 square feet within an existing commercial building. The tenant’s scope of work includes preparing and indoor facility for Urban Air Adventure Park, which will feature on-site food service. The program will include a new café, restrooms, party rooms, an office, and various attractions. MGO IS NOT VERIFYING ADDRESS	[O] N/A [C] N/A
343 RIDGE RD #A	Electrical Standalone (C) $0	Creekview Lift Station	[O] N/A [C] N/A
210 LONG PLANTATION BLVD #W	Electrical Standalone (C) $0	REPAIRS TO SERVICE	[O] N/A [C] N/A
210 LONG PLANTATION BLVD #V	Electrical Standalone (C) $0	REPAIR SERVICE	[O] N/A [C] N/A
303 MONROE ST	Plumbing Standalone (C) $0	N/A	[O] N/A [C] BENNY PREJEAN SERVICE CO INC, BENNETT PREJEAN
2622 JOHNSTON ST	Plumbing Standalone (C) $0	investigate & repair gas leak	[O] N/A [C] AllStar Plumbing & Maintenance, LLC, Brittany Karey
119 TUCKER DR	Plumbing Standalone (C) $0	BACKFLOW PREVENTER	[O] N/A [C] LANDRY’S PLUMBING, RAY LANDRY
1400 E BAYOU PKWY	Plumbing Standalone (C) $0	We installed a backflow preventor. Located in back of property. In middle of roundabout.	[O] N/A [C] HARGRAVE’S PLUMBING LLC, TRAVIS HARGRAVE
309 ZIM CIR	Plumbing Standalone (C) $0	GAS TEST	[O] THE HOUSING AUTHORITY [C] KEN GUIDRY PLUMBING LLC, KENNETH GUIDRY
102 ROW 4	Plumbing Standalone (C) $0	BACKFLOW INSPECTION FOR NEW INSTALL	[O] N/A [C] ACE PLUMBING INC, BRYAN A. TABOR
4750 JOHNSTON ST	Reroof (C) $0	RE ROOF / COURTESY BUICK GMC BUILDING	[O] COURTESY BUICK GMC, COURTESY BUICK GMC [C] PREMIER SERVICE TEAM, LLC, RICHARD GURTNER
149 ARNOULD BLVD	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.

Elifin Realty

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