Challenges:
The sale of this office warehouse at 11670 Cedar Park Ave presented several unique challenges. While the property featured a pair of 1,000 sq. ft. office and 2,000 sq. ft. climate-controlled warehouse, the target market for buyers was niche, with interest primarily from investors focused on single-tenant opportunities. Additionally, aligning the seller's goals with buyer timelines and securing optimal terms in a competitive yet tight local market required a strategic approach.
Actions:
To navigate these challenges, we developed a tailored marketing strategy highlighting the property's adaptability and strategic location near Baton Rouge's major routes, Airline Hwy., Siegen Lane, I-10 and I-12. John DeArmond and Justin Langlois engaged directly with a curated list of investors, emphasizing the property's potential for a long-term single tenant in the automotive industry. Detailed property information was provided to prospective buyers to streamline their decision-making process. Constant communication with both the seller and interested parties ensured that the transaction moved forward efficiently.
Results:
The property sold for $655,000 in January 2025, achieving approximately $109 per square foot, a strong benchmark for the Cloverland market. The final sales price exceeded the seller’s expectations and established a competitive sales comp for similar properties in the area. The deal closed smoothly and positioned the buyer to implement its vision of leasing to a long-term automotive user.
Testimonial
"Working with Justin Langlois and his team has always been a great experience. Justin handles every detail with professionalism and makes the process seamless. This sale was no exception. Justin understood our goals and delivered an outcome that exceeded our expectations. We look forward to partnering with him on future projects."
- Josh Loeske