17 Oct Baton Rouge Office Buyer Gains Equity on Day One

Alex Ruch of ELIFIN® represented the buyer in the successful acquisition of the ±3,100 SF office property located at 11969 Bricksome Ave in Baton Rouge, LA.

Challenge

Phillip Kern of Kern Architects had a clear goal: own an office in this specific neighborhood. The challenge was not finding the desire to buy. It was finding the right opportunity at the right price. Office properties in established Baton Rouge neighborhoods do not always come to market priced below their actual value, and waiting for the right one requires knowing the market well enough to recognize the opportunity when it appears.

Strategy

When the property hit the market, Alex immediately recognized that it was priced low relative to comparable sales in the area. Rather than taking time to deliberate, he moved quickly and structured an aggressive offer that gave the seller little reason to look elsewhere. The offer was accepted immediately, and the appraisal that followed confirmed what Alex had seen from the start: the property was worth more than the purchase price, making it a solid buy with equity on day one.

Result

Kern Architects went from leasing office space to owning it, acquiring a building in their target neighborhood at a price the appraisal validated as a strong deal. For a locally owned firm continuing to grow its presence in Baton Rouge, the move from tenant to owner is a meaningful step, and Alex delivered it by knowing the market, moving fast, and making an offer that worked the first time.

Leading Agent

Alex Ruch