The Pulse LFT: Land sold for Arbours at Lafayette apartments expansion

23 Sep The Pulse LFT: Land sold for Arbours at Lafayette apartments expansion

Posted at 09:24h 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

7616, 7620 Johnston St, Maurice, LA 70503

Type: Industrial
Price: $3,600,000 ($107.46 / SF)
Buyer: RIGID REAL ESTATE HOLDINGS LLC
Elifin’s Notes: Ridge Real Estate Holdings acquires an industrial property with multiple buildings on 8+ acres near Maurice.

3420 NE Evangeline Thwy, Lafayette, LA 70507

Type: Land
Price: $2,000,000 ($2.87 / Land SF)
Buyer: BSE CWLP LLC
Elifin’s Notes: A 15+ acre tract of land, previously part of the Aspire Behavioral Health Center campus, sells in Carencro.

Lot 7-B-1 Alcide Dominique Dr, Lafayette, LA 70506

Type: Land
Price: $1,800,000 ($5.57 / Land SF)
Buyer: ARBOURS AT LAFAYETTE PHASE II LLC
Elifin’s Notes: The Arbours at Lafayette, as a part of Phase II, purchase a 7.42 acre tract of land adjacent to their newly constructed multifamily property.

100BLK Hogan Dr, Lafayette, LA 70506

Type: Multifamily
Price: $1,650,000 ($36,667 / Unit)
Buyer: MADELINE PLACE HOUSING LLC
Elifin’s Notes: Baton Rouge-based investors purchase a 45-unit single family residential subdivision, with some vacant land available for future construction.

209, 211, 215 E Pinhook Rd, Lafayette, LA 70501

Type: Industrial
Price: $1,600,000 ($23.19 / SF)
Buyer: SECOND HARVEST FOOD BANK OF GREATER NEW ORLEANS & ACADIANA
Elifin’s Notes: The Second Harvest Food Bank of Greater New Orleans & Acadiana purchases the United Way’s multi-building office/warehouse complex on Pinhook Road.

1010 South College Rd, Lafayette, LA 70503

Type: Multifamily
Price: $720,000 ($90,000 / Unit)
Buyer: FRESH INVESTMENTS LLC
Elifin’s Notes: Fresh Investments, LLC, a local entity, purchases 1010 South College, a pair of fourplexes, totaling 8 units.

3606 Cameron St, Lafayette, LA 70506

Type: Land
Price: $675,000 ($1.18 / Land SF)
Buyer: BROTHERS IN BUSINESS LLC
Elifin’s Notes: An Abbeville-based entity purchases the 13+ acre tract of land at the corner of Ambassador Caffery and Cameron Street.

101 Eppler Rd, Lafayette, LA 70506

Type: Industrial
Price: $205,000 ($85.85 / SF)
Buyer: TRATTOS, LLC
Elifin’s Notes: An industrial warehouse property sells off of West Broussard Road.

100, 112 Tubing Rd, Broussard, LA, LA 70518

Type: Industrial
Price: $160,000 ($55.17 / SF)
Buyer: BENOIT REAL ESTATE TRUST LLC
Elifin’s Notes: Benoit Real Estate LLC acquires an industrial warehouse off of West Pinhook Road near Broussard.

214 Cummings Rd, Broussard, LA 70518

Type: Land
Price: $125,000 ($2.40 / Land SF)
Buyer: ACADIANA INDUSTRIAL VENTURES LLC
Elifin’s Notes: A 1.1+ acre parcel of land sells to Acadiana Industrial Ventures LLC.

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
538 JEFFERSON ST	Reroof (C) $68,000	Commercial Reroof	[O] N/A [C] Miller Roofing of Acadiana, LLC, Douglas Wayne Miller
127 VINCENT RD	Addition / Alteration / Repair (C) $0	Install NFPA-13R Fire Sprinkler System	[O] N/A [C] N/A
3219 NW EVANGELINE THWY	Addition / Alteration / Repair (C) $0	This project is a stand-alone 1,981 sf toilet and breakroom building that will replace and existing stand-alone toilet room.	[O] N/A [C] N/A
3020 N UNIVERSITY AVE	Commercial New Construction $0	24’x30′ Storage Building	[O] N/A [C] N/A
490 MALAPART RD	Electrical Standalone (C) $0	Fedex truck ripped off meter box wood post and meter box and panel box and has to be replaced with a new wood post and the essential 200 amp meter and panel box	[O] N/A [C] N/A
1717 ERASTE LANDRY RD #97	Electrical Standalone (C) $0	Repairing the burnt wires in the trough for the service.	[O] N/A [C] N/A
118 TURN ROW	Electrical Standalone (C) $0	Service Change Out	[O] N/A [C] N/A
526 BOURQUE RD	Electrical Standalone (C) $0	SUPPLY CABINET	[O] COX COMMUNICATION [C] N/A
4906 AMBASSADOR CAFFERY PKWY	Plumbing Standalone (C) $0	New backflow building N	[O] N/A [C] DARREN AUCOIN’S PLUMBING, DARREN AUCOIN
100 AMERICAN BLVD	Plumbing Standalone (C) $0	Backflow inspection	[O] N/A [C] COLVILLE PLUMBING & HEATING INC, DOUGLAS STUTES
4202 JOHNSTON ST	Plumbing Standalone (C) $0	Irrigation backflow	[O] N/A [C] THE CUTTING EDGE, BLAKE GILMORE
100 KINGSLEY DR	Plumbing Standalone (C) $0	Future water and sewer.	[O] N/A [C] RONNIE FRISBY’S PLUMBING LLC, RONALD FRISBY
1304 E BAYOU PKWY	Plumbing Standalone (C) $0	2 new backflows	[O] N/A [C] DARREN AUCOIN’S PLUMBING, DARREN AUCOIN
114 REPRESENTATIVE ROW	Plumbing Standalone (C) $0	backflow is in front of building left side	[O] N/A [C] SOUTHERN IRRIGATION SERVICES LLC, WILLIAM MATTHEWS
6606 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.

Elifin Realty

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