The Pulse LFT: Summer Place apartments sell to Houston-based investor

15 Jul The Pulse LFT: Summer Place apartments sell to Houston-based investor

Posted at 09:48h 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

200 BLK Ridge Rd, Lafayette, LA 70506

Type: Land
Price: $1,450,000 ($2.92 / Land SF)
Buyer: ATRIUM ACQUISITIONS LLC
Elifin’s Notes: A 11.4 acre commercial vacant land at the intersection of Ridge Road and Ambassador Caffery Parkway sells to Atrium Acquisitions LLC.

1921 Chemin Metairie Pkwy, Youngsville, LA 70592

Type: Land
Price: $952,515 ($15.00 / Land SF)
Buyer: FIDELITY BANK
Elifin’s Notes: Fidelity Bank purchases 1.4+ acres of land fronting on Chemin Metairie Parkway in Youngsville

2400BLK Eraste Landry Rd, Lafayette, LA 70506

Type: Land
Price: $625,000 ($2.50 / Land SF)
Buyer: ATRIUM LANDRY LP ATRIUM LANDRY GP LLC
Elifin’s Notes: Atrium Housing, a New Orleans-based organization, purchases 5.7+ acres fronting on Eraste Landry Road

215 Louisiana 93, Scott, LA 70583

Type: Land
Price: $590,000 ($15.17 / Land SF)
Buyer: GOLDEN SOUTHERN REALTY LLC
Elifin’s Notes: Golden Southern Chicken purchases an 0.8+ acre parcel of land on Louisiana Highway 93 in Scott in front of the Super 1 Foods.

6767, 6769 Johnston St, Lafayette, LA 70503

Type: Land
Price: $500,000 ($8.55 / Land SF)
Buyer: REDDOCH DEVELOPMENT COMPANY LLC THE
Elifin’s Notes: 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

3725 W Pinhook Rd, Broussard, LA 70518

Type: Office
Price: $110,000 ($84.62 / SF)
Buyer: CYPRESS PROPERTY INVESTMENTS LLC
Elifin’s Notes: An office property on West Pinhook Road sells to Cypress Property Investment LLC.

1901 Eraste Landry Rd, Lafayette, LA 70506

Type: Multifamily
Price: Withheld
Buyer: JUNIPER ERASTE LP; JUNIPER ERASTE GP LLC
Elifin’s Notes: A Houston-based investor purchases the Summer Place apartment complex, a 176-unit multifamily property.

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
5709 JOHNSTON ST	Addition / Alteration / Repair (C) $0	Renovation of existing Starbucks	[O] N/A [C] N/A
400 E KALISTE SALOOM RD	Addition / Alteration / Repair (C) $0	TENANT RENOVATION IN EXISTING OFFICE BUILDING	[O] N/A [C] 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/A [C] N/A
100 W BLUEBIRD DR	Addition / Alteration / Repair (C) $0	Renovations to existing restroom facilities	[O] N/A [C] N/A
6728 JOHNSTON ST	Commercial New Construction $0	NEW CONSTRUCTION OF A 10379 SQ FT. WAREHOUSE	[O] N/A [C] N/A
315 JOHNSTON ST	Electrical Standalone (C) $0	OFF MORE THAN 6MTHS	[O] N/A [C] N/A
303 RAYBURN ST	Electrical Standalone (C) $0	Changing out electrical panel in Apt. #657, building #36 MGO NOT WORKING	[O] N/A [C] N/A
220 WILKIE ST	Electrical Standalone (C) $0	Changing out electrical panel in Apt. #678, building #17 MGO NOT WORKING	[O] N/A [C] N/A
748 MALAPART RD #40	Electrical Standalone (C) $0	New panel on mobile home pole	[O] N/A [C] N/A
4906 AMBASSADOR CAFFERY PKWY	Generator (C) $0	GENERATOR INSTALL	[O] N/A [C] N/A
1901 KALISTE SALOOM RD	Plumbing Standalone (C) $0	CHANGE OUT BACKFLOW PREVENTER	[O] N/A [C] ACADIANA ROOTER, LLC, BENJAMIN TUCKER
1417 E WILLOW ST	Plumbing Standalone (C) $0	Installing new backflow MGO NOT WORKING	[O] N/A [C] 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/A [C] Acadiana Plumbing Services, Dustin Aucoin
4906 AMBASSADOR CAFFERY PKWY	Plumbing Standalone (C) $0	BACKFLOW	[O] N/A [C] N/A
4906 AMBASSADOR CAFFERY PKWY	Plumbing Standalone (C) $0	N/A	[O] N/A [C] 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/A [C] 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/A [C] COLVILLE PLUMBING & HEATING INC, DOUGLAS STUTES
3333 AMBASSADOR CAFFERY PKWY	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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