The Pulse BR: Teakwood Village apartments sell for 6.7mm

06 Jan The Pulse BR: Teakwood Village apartments sell for 6.7mm

Posted at 09:53h in Research, The Pulse, The Pulse: Baton Rouge by ELIFIN® 0 Comments

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension.

Commercial Sales Recorded Last Week

34200 Distribution Lane, Gonzales, LA 70737

Type: Industrial
Price: $10,177,887 ($174.49 / SF)
Buyer: FNLR Compounds Matter Too LLC
Elifin’s Notes: A New York-based real estate investment company purchases the Univar Solutions chemical company property, sitting on 22 acres in Gonzales.

515 Gardere Lane, Baton Rouge, LA 70820

Type: Multifamily
Price: $6,700,000 ($50,000 / Unit)
Buyer: Cypress BR 515 LLC
Elifin’s Notes: The Teakwood Village apartment complex, 134 units, sells on Gardere Lane.

805 Spanish Town Rd, Baton Rouge, LA 70802

Type: Multifamily
Price: $650,000 ($54,167 / Unit)
Buyer: Mater Dolorosa LLC
Elifin’s Notes: A 12-unit multifamily property sells along Spanish Town Road.

1.914 Acres Ashland Rd, Gonzales, LA 70737

Type: Land
Price: $521,833 ($6.27 / Land SF)
Buyer: Red Stick South Properties LLC
Elifin’s Notes: A local investor purchases 1.9+ acres of land on Lawrence Minor Road.

10928, 10932 S Choctaw Dr, Baton Rouge, LA 70805

Type: Industrial
Price: $500,000 ($19.25 / SF)
Buyer: SBC Investments LLC
Elifin’s Notes: SBC Investments acquires an industrial property on South Choctaw Drive.

4838 Bennington Ave, Baton Rouge, LA 70808

Type: Office
Price: $430,000 ($119.44 / SF)
Buyer: Foundation for Louisiana Students Inc
Elifin’s Notes: The Foundation for Louisiana Students Inc., acquires an office property on Bennington Avenue.

604 Spanish Town Rd, Baton Rouge, LA 70802

Type: Multifamily
Price: $410,000
Buyer: G & G Leasing LLC
Elifin’s Notes: A gutted multifamily property sells in Spanish Town.

7465 Exchange Pl, Baton Rouge, LA 70806

Type: Office
Price: $179,198 ($23.17 / SF)
Buyer: Metal Analysis Group LLC
Elifin’s Notes: Metal Analysis Group LLC acquires a two-story office property between Wooddale Boulevard and Lobdell Boulevard.

Commercial Permits Issued Last Week

Address	Type / Value	Description	Owner / Applicant / Contractor
11550 COURSEY BLVD	Complete Interior Permit $3,000,000	Interior Tenant Improvement, possible expansion; remodel various areas in store, add mothers’ room if one isn’t currently in store, paint fix, clean; relocate existing online pickup, possible expansion for online pickup. Repaint exterior, replace exterior signage.	[O] Daniel Cardoso [A] Alison Warner [C] Stuart & Company General Contractors, LLC
12041 BRICKSOME AVE	Occupancy $375,000	Office building for the Louisiana Association of Substance Abuse Counselors & Trainers.	[O] [A] Jordan Blacher [C] N/A
8689 SIEGEN LN	Complete Interior Permit $180,000	(Expedited) Interior renovations of an existing building.	[O] Forrest Town [A] Britany Dealminana [C] FACILITIES MAINTENANCE MANAGEMENT, L.L.C.
3933 MURIEL DAY AVE	Addition Permit $147,265	Renovation of neighborhood clubhouse and enclosing portion of rear porch into storage room.	[O] [A] Jamison Thibodeaux [C] GRANT ETHRIDGE CONSTRUCTION, LLC
9884 PORT HUDSON-PRIDE RD	New Manufactured Home Permit $140,000	primary residence. double wide xl	[O] [A] Emily Tate [C] N/A
20402 REAMES RD	New Manufactured Home Permit $80,000	single wide mobile placed on private property/ Sewer Modad/ DEMCO	[O] [A] Mark Dyer [C] Mark Dyer
10606 N MALL DR	Remodel Permit $77,000	NEW CONSTRUCTION OF ENCLOSURE FOR EXTERIOR BALE AND PALLET STORAGE	[O] [A] Mandy Leesch [C] LARGE SERVICES LLC
9730 STE 4 BLUEBONNET BLVD	Complete Interior Permit $50,000	(EXPEDITED) Expansion of fitness center in Suite 3 (2,631 s.f.) into adjacent 1,600 sf Suite 4.	[O] [A] Marcus Williams [C] Natco Design Build LLC
5427 NICHOLSON DR	Remodel Permit $10,000	The building is a residential rental quadplex.	[O] [A] [C] N/A
5427 NICHOLSON DR	Remodel Permit $10,000	The building is a residential rental quadplex.	[O] [A] [C] N/A
5427 NICHOLSON DR	Remodel Permit $10,000	The building is a residential rental quadplex. Unit C	[O] [A] Harry Smith [C] Baton Rouge Restoration and Remediation, LLC
39500 GREENWELL SPRINGS RD	Electrical Permit $2,200	Replaced 400 amp service from storm damage	[O] [A] Bobby Achord [C] N/A
658 NAPOLEON ST	Electrical Permit $500	Repairing burnt lug	[O] Jake Riviere [A] Yancie David [C] Yancie David – Yancie David
10770 GREENWELL SPRINGS RD	Electrical Permit $300	Clean and Show	[O] Barbara Rogers [A] Barbara Rogers [C] N/A
8911 GSRI AVE	Electrical Permit $300	Temp disconnect/ reconnect for a 6 pack meter service. Apt-1337 Apt- 1339 Apt-1341 Apt-1343 Apt-1345 Apt- 1347	[O] [A] Erik Mollerberg [C] GULF STATES ELECTRIC LLC DBA GSE Integrated – Erik Mollerberg
10551 COURSEY BLVD	Gas Test Permit $200	Gas test to allow Entergy to provide gas service	[O] Keyon Janani [A] Ted Ku [C] Ted’s A/C Heating & Refrigeration – Ted Ku
325 E STATE ST	Gas Test Permit $1	Need permit to get gas account transfer to new owner	[O] [A] Juan Varela [C] Eagle Plumbing Repairs & Drain Cleaning – Charles Robinson
2533 FLORIDA ST	Occupancy N/A	Building will be used to make and sell breakfast and pralines	[O] [A] Aaron Bernard [C] N/A
1930 BEAUMONT DR	Occupancy N/A	Tiutoring and Education Services	[O] [A] Rachel Iheanacho [C] N/A
11744 HAYMARKET AVE	Occupancy N/A	Commercial Office Space	[O] [A] Hailey Fisher [C] N/A
11744 HAYMARKET AVE	Occupancy N/A	Commercial Office Space. Suite E	[O] [A] Hailey Fisher [C] N/A
11744 HAYMARKET AVE	Occupancy N/A	Commercial Office Space	[O] [A] Hailey Fisher [C] N/A
8543 GREENWELL SPRINGS RD	Occupancy N/A	New Name	[O] [A] Pamela Netters [C] N/A
10770 GREENWELL SPRINGS RD	Occupancy N/A	Clean and Show (The Gym)	[O] Barbara Rogers [A] Barbara Rogers [C] N/A
10811 COURSEY BLVD	Occupancy N/A	Self-Storage Facility	[O] [A] Shauna Clark [C] N/A
10319 STE A2 OLD HAMMOND HWY	Occupancy N/A	Office. Suite A2	[O] [A] Aujah Antoine [C] N/A
7112 FLORIDA BLVD	Occupancy N/A	A fast casual restaurant serving daquri’s.	[O] [A] Brandon Bakare [C] N/A
11715 BRICKSOME AVE	Occupancy N/A	“Read and Show” for office suite to have electricity switched back over to me since tenant is leaving	[O] [A] Elizabeth Gouner [C] N/A
9706 GREENWELL SPRINGS RD	Occupancy N/A	To prepare taxes.	[O] [A] Caleastea Johnson [C] N/A
9222 BURBANK DR	Occupancy N/A	We are taking over an existing business location Jan 1st. We where informed by Entergy we needed a RLO permit	[O] [A] Jody Horton [C] N/A
11822 JUSTICE AVE	Occupancy N/A	Financial Services	[O] [A] Levi Matthews [C] N/A
6750 VAN GOGH AVE	Occupancy N/A	The Building is going to be used for office space for our Landscape Company.	[O] [A] Antonio Simmons [C] N/A
8450 STE D-E MADRID AVE	Occupancy N/A	Office/Warehouse	[O] Lee Williams [A] [C] N/A
3918 SHERWOOD ST	Occupancy N/A	convenience store aim to sell liquor tobacco and grocery products	[O] [A] Bipandeep Kaur [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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