The Pulse LFT: The Axis Lafayette apartments on Theater Street sell

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

Commercial Sales Recorded Last Week

200 Theater St
200 Theater St

Type: Multifamily
Price: $10,950,000 ($20,897 / Unit)
Buyer: ACADIA BEND LLC
Elifin’s Notes: The Axis Lafayette, apartment complex, sells to an Alabama-based entity for $10.95 MM near Cajun Field off of Theater Street, named for the once famous Westwood Theater

1921 Kaliste Saloom Rd, Suite 124
1921 Kaliste Saloom Rd, Suite 124

Type: Retail
Price: $481,000 ($275.80 / SF)
Buyer: CAROLINES COOKIES PARC LAFAYETTE PROPERTY HOLDING COMPANY LLC
Elifin’s Notes: Business purchases a retail condominium unit within the Parc Lafayette complex

206 Rue Royale
206 Rue Royale

Type: Multifamily
Price: $330,000 ($41,250 / Unit)
Buyer: TN REAL ESTATE INVESTMENTS LLC
Elifin’s Notes: Investor purchases two quadraplexes, totaling 8 multifamily units, in the off of East Pont Des Mouton Road

516 La Flamme Rd
516 La Flamme Rd

Type: Land
Price: $275,000 ($2.39 / Land SF)
Buyer: LA FLAMME RD LLC
Elifin’s Notes: Investor purchases 2.6+ acres of industrial development site land in Broussard

8827 Cameron St
8827 Cameron St

Type: Specialty
Price: $240,000 ($26.65 / SF)
Buyer: FIRST CHURCH OF OUR LORD JESUS CHRIST INC
Elifin’s Notes: A special purpose religious facility property sells in Duson

207 N Luke St
207 N Luke St

Type: Office
Price: $185,500 ($147.11 / SF)
Buyer: DETRAZ HOLDING COMPANY LLC
Elifin’s Notes: An individual investor purchases an office property, in an industrial area, between Eraste Landry Road and Ambassador Caffery Parkway

116 Rue du Belier
116 Rue du Belier

Type: Land
Price: $175,000 ($2.01 / Land SF)
Buyer: FAMILY WEI LLC
Elifin’s Notes: Entity purchases 2 acres of vacant land along Rue Du Belier in Scott


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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