03 Aug The Waters at Settlers Trace sells for 64.8 million

Posted at 11:19h in The Pulse, The Pulse: Lafayette by ELIFIN® 0 Comments

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

Six commercial sales recorded across Lafayette and surrounding areas the week of August 3, 2026, totaling $71.6M in disclosed volume. The headline deal: Centennial Settlers Trace LLC, a Georgia-based company, paid $64.8M ($186,207/unit) for The Waters at Settlers Trace, a 348-unit multifamily property on Settlers Trace Boulevard. Multifamily and self-storage assets drove the week’s activity, with out-of-state investors continuing to target the region.

Commercial Sales Recorded Last Week

536 Settlers Trace Blvd, Lafayette, LA 70508

Type: Multifamily
Price: $64,800,000 ($186,207 / Unit)
Buyer: CENTENNIAL SETTLERS TRACE LLC
Elifin’s Notes: A Georgia-based company purchases a 348-unit multifamily property on Settlers Trace Boulevard.

4469 NW Evangeline Thrwy, Carencro, LA 70520

Type: Self-Storage
Price: $3,280,000 ($ / Unit)
Buyer: CROWN STORAGE CARENCRO LLC
Elifin’s Notes: A self-storage facility changes ownership on Northwest Evangeline Thruway.

200 Prescott Blvd, Youngsville, LA 70592

Type: Mixed-Use
Price: $2,300,000 ($261.54 / SF)
Buyer: CREST POINTE HOLDINGS LLC
Elifin’s Notes: A mixed-use property with ground floor retail, second floor office space, and third floor residential units sells on Prescott Boulevard.

209 Rue Louis XIV, Lafayette, LA 70508

Type: Office
Price: $750,000 ($237.42 / SF)
Buyer: Fosy Properties, LLC
Elifin’s Notes: A two-suite office property sells on Rue Louis XIV.

111 Bluffwood Dr, Broussard, LA 70518

Type: Industrial
Price: $325,000 ($74.10 / SF)
Buyer: J FOCO FARMS LLC
Elifin’s Notes: An industrial property with separate office and warehouse space sells on Bluffwood Drive.

200 Blk Teljean Rd, Lafayette, LA 70503

Type: Land
Price: $205,000 ($1.57 / Land SF)
Buyer: MECHE, KYLIE
Elifin’s Notes: A 3 acre parcel of land sells on Teljean Road.

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
1700 E BROUSSARD RD, Unit L	Electrical Standalone (C) $0	Vintage Oaks sewer lift station	[O] N/A [C] N/A
121 RUE LOUIS XIV	Plumbing Standalone (C) $0	Installed 1″ backflow, Bldg 4-B	[O] N/A [C] N/A
325 E MAIN ST	Sign – Wall Sign Electrical (C) $0	Grifols Plasma Donation Center wall sign	[O] N/A [C] N/A
4792 JOHNSTON ST	Plumbing Standalone (C) $0	Replacing two backflow preventers	[O] N/A [C] N/A
5732 JOHNSTON ST	Mechanical Standalone (C) $0	Replacing 12.5 ton RTU, like for like, no ductwork or upgrades	[O] N/A [C] N/A
2678 JOHNSTON ST	Plumbing Standalone (C) $0	Install new 8″ backflow preventer on fire main	[O] N/A [C] N/A
930 WEBB ST	Plumbing Standalone (C) $0	Gas turned off due to leak	[O] N/A [C] N/A
3814 AMBASSADOR CAFFERY PKWY, Unit B	Electrical Standalone (C) $0	Seasonal retail general	[O] N/A [C] N/A
145 JAMES COMEAUX RD	Electrical Standalone (C) $0	Retail space vacant over 6 months	[O] N/A [C] N/A
303 RUE SCHOLASTIQUE, Unit B	Electrical Standalone (C) $0	Replace main service pole for mobile home	[O] N/A [C] N/A
414 HIGH MEADOWS BLVD	Plumbing Standalone (C) $0	Tap on water line, no meter	[O] N/A [C] N/A
105 N PAT ST, Unit D, Scott	Electrical Standalone (C) $0	General for lights	[O] N/A [C] N/A
112 ROW 2	Electrical Standalone (C) $0	General for lights	[O] N/A [C] N/A
220 WILKIE ST	Electrical Standalone (C) $0	Change out electrical panel, Apt #786, Bldg 15	[O] N/A [C] N/A
220 WILKIE ST	Electrical Standalone (C) $0	Change out electrical panel, Apt #725, Bldg 21	[O] N/A [C] N/A
103 WESTWOOD DR	Electrical Standalone (C) $0	Change out electrical panel, Apt #136, Bldg 6	[O] N/A [C] N/A
104 WESTWOOD DR	Electrical Standalone (C) $0	Change out electrical panel, Apt #459, Bldg 26	[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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