The Pulse BR: Building in Belle of Baton Rouge complex sold

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

Commercial Sales Recorded Last Week

10011 Main St
10011 Main St

Type: Retail
Price: $6,524,808 ($343.41 / SF)
Buyer: Agree Central LLC
Elifin’s Notes: Agree Realty, a Michigan-based real estate investment firm, purchase the Tractor Supply in Zachary.

St Phillip St at Europe St
St Phillip St at Europe St

Type: Retail
Price: $2,800,000 ($133.33 / SF)
Buyer: GLP Capital LP
Elifin’s Notes: Gaming & Leisure Properties purchase building in the Belle of Baton Rouge complex completing their sole ownership of the entire property.

4810 Constitution Ave
4810 Constitution Ave

Type: Retail
Price: $2,595,000 ($122.13 / SF)
Buyer: BB Prime Property LLC
Elifin’s Notes: Owner of Ruth’s Chris Steakhouse purchases neighboring property that was formerly Cort Furniture Rental on Constitution Ave.

2111 Quail Run Dr
2111 Quail Run Dr

Type: Office
Price: $1,100,000 ($185.00 / SF)
Buyer: Board of Trustees of the Assessor’s Retirement Fund
Elifin’s Notes: Garden office building sells at the end of Quail Run Dr.

1215 Independence Blvd, Unit 4
1215 Independence Blvd, Unit 4

Type: Office
Price: $636,800 ($157.86 / SF)
Buyer: Servant Properties LLC
Elifin’s Notes: Cecil Graves purchases his State Farm office in Zachary in the Copper Mill Office Park.

201 Napoleon St
201 Napoleon St

Type: Office
Price: $330,000 ($164.84 / SF)
Buyer: St. Koch Realty LLC
Elifin’s Notes: Attorney David Koch purchases Beauregard office building on the corner of Napoleon St and America St.

6315 Airline Hwy
6315 Airline Hwy

Type: Land
Price: $110,000 ($0.88 / Land SF)
Buyer: Star Discount Liquor & Tobacco LLC
Elifin’s Notes: Commercially zoned lot on Airline Hwy sells to the owner of neighboring gas station.


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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