The Pulse: Baton Rouge

The Pulse BR: Wayne Stablier purchases property near Amazon

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 1655 N Airway Dr Type: Industrial Price: $800,000 ($68.97 / SF) Buyer: Catering Cajun Properties LLC Elifin's Notes: Wayne Stablier purchases industrial property on N Airway Dr. 234 Richland Ave Type: Multifamily Price: $790,000 ($79,000 / Unit) Buyer: Midcity Acquisition Group LLC Elifin's Notes: Local investors purchase a 10-unit apartment building in Mid City. 6721...

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The Pulse BR: Hotel on Harding Blvd sells for 3.7mm

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 3444 Harding Blvd Type: Hospitality Price: $3,700,000 ($47,436 / Unit) Buyer: Maruti Hotel LLC Elifin's Notes: Microtel Inn & Suites, a 78-unit hotel, sells at the corner of Howell Blvd and Harding Rd. 7077 S Choctaw Dr Type: Industrial Price: $2,851,983 ($38.03 / SF) Buyer: Ryan Jumonville Elifin's Notes: Destin-based investor purchases facility on...

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The Pulse BR: Central shopping center sells for 2.6mm

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 14790 Wax Rd Type: Retail Price: $2,600,000 ($135.42 / SF) Buyer: Wax Pointe LLC Elifin's Notes: Local investor purchases shopping center in Central anchored on both ends by Las Palmas and Johnny's Pizza. 5215 Perkins Rd Type: Retail Price: $1,628,000 ($266.89 / SF) Buyer: Shore Capital Real Estate Partners Holdco LLC Elifin's Notes: Perkins...

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The Pulse BR: Phoenix-based firm purchases large mobile home community

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 9261 Baringer Foreman Rd Type: Land Price: $1,270,000 ($2.27 / Land SF) Buyer: Kodiak Business Park LLC Elifin's Notes: Prairieville-based developer purchases nearly 13 acres on Barringer Foreman Rd with plans for a new business park. 8026 Picardy Ave Type: Office Price: $1,200,000 ($255.32 / SF) Buyer: Picardy Tres LLC Elifin's Notes: Cajun Industries...

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The Pulse BR: JM Test Systems purchases office building

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 7266 Tom Dr Type: Office Price: $500,000 ($135.87 / SF) Buyer: 3MB Properties LLC Elifin's Notes: JM Test Systems purchases office building across the street from their facility on Tom Dr. Commercial Permits Issued Last Week .tg { border-collapse: collapse; border-color: #ccc; border-spacing: 0; border: 1px solid rgba(0, 0, 0, 0.12); background-color: #fff; width: 100%; } .tg...

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The Pulse BR: Crescent Crown purchases 16+ acres on Oak Villa Blvd

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week Tract Z-2-A-1 Oak Villa Blvd Type: Land Price: $3,038,510 ($4.15 / Land SF) Buyer: Crescent Crown Distributing LLC Elifin's Notes: Crescent Crown Distributors purchases vacant lot behind the Walmart on Oak Villa Blvd. Tract 24-A Celtic Dr Type: Land Price: $900,000 ($15.59 / Land SF) Buyer: Celtic Management Corporation Elifin's Notes: Celtic Management purchase...

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The Pulse BR: Latin restaurant entity purchases property on Florida Blvd

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 9445 Greenwell Springs Rd Type: Retail Price: $650,000 ($277.19 / SF) Buyer: GFC Leasing Corp LLC Elifin's Notes: Texas-based buyers purchase former KFC location on Greenwell Springs Rd near the Monterrey Dr intersection. 6989 Florida Blvd Type: Retail Price: $650,000 ($73.55 / SF) Buyer: Los Latinos Amigos Restaurant LLC Elifin's Notes: Latin restaurant entity...

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The Pulse BR: Southern Roots Outfitters purchases land in Zachary

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week Montegudo Dr at Bob Odom Dr Type: Land Price: $550,000 ($2.51 / Land SF) Buyer: Southern Roots Outfitters LLC Elifin's Notes: Zachary-based Southern Roots Outfitters purchases vacant lots in Zachary. 9830 Florida Blvd Type: Retail Price: $500,000 ($69.29 / SF) Buyer: Big Horn River LLC Elifin's Notes: Local investor purchases...

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The Pulse BR: Walgreens on Highland Road sold for 2.8 million

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 5298 Highland Rd Type: Retail Price: $2,836,364 ($216.52 / SF) Buyer: Cardinal Green Investments LLC Elifin's Notes: Walgreens sells on the corner of Highland Rd and W Lee Dr. 2798 O'Neal Lane, Building B Type: Office Price: $560,000 ($112.00 / SF) Buyer: BP Investment Holdings LLC Elifin's Notes: California-based investors...

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The Pulse BR: Behavioral Intervention Group purchases their Siegen Lane clinic

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 8180 Siegen Lane Type: Office Price: $1,475,000 ($81.94 / SF) Buyer: CR Ventures LLC Elifin's Notes: The Behavioral Intervention Group, a learning center, purchases their clinic on Siegen Lane from the Matherne Family. 4065 Florida Blvd Type: Retail Price: $1,116,500 ($58.30 / SF) Buyer: Live Oak Shopping Center LLC Elifin's Notes: The Live Oak...

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