Summer Place apartments sell to Houston-based investor
The July 15, 2024 issue covers seven commercial sales recorded across Lafayette the previous week, totaling $4.23M in disclosed volume. The headline deal: ATRIUM ACQUISITIONS LLC paid $1.45M ($2.92/Land SF) for 11.4 acres of vacant commercial land at the intersection of Ridge Road and Ambassador Caffery Parkway. Land led the week with five of the seven sales, including 1.4+ acres on Chemin Metairie Parkway in Youngsville bought by FIDELITY BANK for $953K, while a Houston-based investor purchased the 176-unit Summer Place apartment complex.
Commercial Sales Recorded Last Week 7 sales
200 BLK Ridge Rd
$1,450,000 $2.92 / Land SF
A 11.4 acre commercial vacant land at the intersection of Ridge Road and Ambassador Caffery Parkway sells to Atrium Acquisitions LLC.
BuyerATRIUM ACQUISITIONS LLC
1921 Chemin Metairie Pkwy
$952,515 $15.00 / Land SF
Fidelity Bank purchases 1.4+ acres of land fronting on Chemin Metairie Parkway in Youngsville
BuyerFIDELITY BANK
2400BLK Eraste Landry Rd
$625,000 $2.50 / Land SF
Atrium Housing, a New Orleans-based organization, purchases 5.7+ acres fronting on Eraste Landry Road
BuyerATRIUM LANDRY LP ATRIUM LANDRY GP LLC
215 Louisiana 93
$590,000 $15.17 / Land SF
Golden Southern Chicken purchases an 0.8+ acre parcel of land on Louisiana Highway 93 in Scott in front of the Super 1 Foods.
BuyerGOLDEN SOUTHERN REALTY LLC
6767, 6769 Johnston St
$500,000 $8.55 / Land SF
A pair of local investors purchase a property advertised as land, 1.3+ acres, located next to the Chevron at the corner of Johnston Street and East Broussard Road
BuyerREDDOCH DEVELOPMENT COMPANY LLC THE
3725 W Pinhook Rd
$110,000 $84.62 / SF
An office property on West Pinhook Road sells to Cypress Property Investment LLC.
BuyerCYPRESS PROPERTY INVESTMENTS LLC
1901 Eraste Landry Rd
Price withheld
A Houston-based investor purchases the Summer Place apartment complex, a 176-unit multifamily property.
BuyerJUNIPER ERASTE LP; JUNIPER ERASTE GP LLC
Commercial Permits Issued Last Week 18 permits
| Address | Type | Value | Description | Owner / Applicant / Contractor |
|---|---|---|---|---|
| 5709 JOHNSTON ST | Addition / Alteration / Repair (C) | $0 | Renovation of existing Starbucks | O N/AC N/A |
| 400 E KALISTE SALOOM RD | Addition / Alteration / Repair (C) | $0 | TENANT RENOVATION IN EXISTING OFFICE BUILDING | O N/AC N/A |
| 4419 AMBASSADOR CAFFERY PKWY | Addition / Alteration / Repair (C) | $0 | THIS PROJECT IS AN INTERIOR TENANT FIT-OUT FOR SEPHORA OF APPROXIMATELY 4, 533 SF. WORK INCLUDES BUT IS NOT LIMITED TO, CONSTRUCTION OF STOREFRONTS, INTERIOR WALLS / PARTITIONS, WALL FIXTURES, FLOORING, CEILING, LIGHT FIXTURES AND PARTIAL MECHANICAL, ELECTRICAL, AND PLUMBING. | O N/AC N/A |
| 100 W BLUEBIRD DR | Addition / Alteration / Repair (C) | $0 | Renovations to existing restroom facilities | O N/AC N/A |
| 6728 JOHNSTON ST | Commercial New Construction | $0 | NEW CONSTRUCTION OF A 10379 SQ FT. WAREHOUSE | O N/AC N/A |
| 315 JOHNSTON ST | Electrical Standalone (C) | $0 | OFF MORE THAN 6MTHS | O N/AC N/A |
| 303 RAYBURN ST | Electrical Standalone (C) | $0 | Changing out electrical panel in Apt. #657, building #36 MGO NOT WORKING | O N/AC N/A |
| 220 WILKIE ST | Electrical Standalone (C) | $0 | Changing out electrical panel in Apt. #678, building #17 MGO NOT WORKING | O N/AC N/A |
| 748 MALAPART RD #40 | Electrical Standalone (C) | $0 | New panel on mobile home pole | O N/AC N/A |
| 4906 AMBASSADOR CAFFERY PKWY | Generator (C) | $0 | GENERATOR INSTALL | O N/AC N/A |
| 1901 KALISTE SALOOM RD | Plumbing Standalone (C) | $0 | CHANGE OUT BACKFLOW PREVENTER | O N/AC ACADIANA ROOTER, LLC, BENJAMIN TUCKER |
| 1417 E WILLOW ST | Plumbing Standalone (C) | $0 | Installing new backflow MGO NOT WORKING | O N/AC Next Plumbing, Blair Goulas |
| 5530 AMBASSADOR CAFFERY PKWY | Plumbing Standalone (C) | $0 | Backflow Replacement next to dumpster on containment. Water meter #: W1815063. Serial #: 325601 | O N/AC Acadiana Plumbing Services, Dustin Aucoin |
| 4906 AMBASSADOR CAFFERY PKWY | Plumbing Standalone (C) | $0 | BACKFLOW | O N/AC N/A |
| 4906 AMBASSADOR CAFFERY PKWY | Plumbing Standalone (C) | $0 | N/A | O N/AC PREJEAN SERVICE COMPANY |
| 233 DOUCET RD | Plumbing Standalone (C) | $0 | Installation of new backflow preventer. Testing of new backflow preventer. It will be installed at the water meter in an enclosure. | O N/AC AR PLUMBING SOLUTIONS , Allen Reed |
| 913 S COLLEGE RD | Plumbing Standalone (C) | $0 | 2" Backflow inspection located on back right corner of property | O N/AC COLVILLE PLUMBING & HEATING INC, DOUGLAS STUTES |
| 3333 AMBASSADOR CAFFERY PKWY | Sign – Wall Sign (C) | $0 | N/A | O N/AC N/A |