The Pulse: Baton Rouge

The Pulse BR: New Jersey-based trust acquires numerous medical facilites

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. The Baton Rouge commercial real estate landscape is experiencing a significant influx of institutional capital, highlighted by a New Jersey-based realty trust acquiring a high-value medical portfolio for over $24 million. Key assets in this transaction include a rehabilitation hospital at 8000 Summa Ave ($10.5M), a nursing...

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The Pulse BR: Grocery store on N Sherwood Forest sells

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Market activity in the Capital Region is showing continued momentum within the professional office sector, recently highlighted by the acquisition of two specialized office condo units at 13006 Justice Avenue. Situated in the Justice/Bricksome office park just off South Sherwood Forest Blvd, these units demonstrate the ongoing...

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The Pulse BR: Louisiana Key Academy purchases their location

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 11245, 11285, 11377 Airline Hwy, Baton Rouge, LA 70816 Type: Retail Price: $16,800,000 ($179.35 / SF) Buyer: Real Estate Holdco LLC Elifin's Notes: Hudson Automotive Group, a South Carolina-based company, acquires the All Star Chevrolet dealership on Airline Highway. 7809 Jefferson Hwy, Units A-I, Baton Rouge,...

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The Pulse BR: Flatiron Apartments sell for 37 million

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 300 W Parker Blvd, Baton Rouge, LA 70808 Type: Multifamily Price: $37,000,000 ($268,116 / Unit) Buyer: Flatiron Property Owner LLC Elifin's Notes: The Flatiron Apartment Complex, a 138-unit multifamily property, sells on Parker Boulevard. 5912 Main St, Zachary, LA 70791 Type: Retail Price: $2,475,000 ($732.25 / SF)...

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The Pulse BR: Oil refinery property sold for 15.7 million

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 1500 N Airway Dr, Baton Rouge, LA 70815 Type: Specialty Price: $18,793,423 ($275.30 / SF) Buyer: BR Bridge School Properties Elifin's Notes: BR Bridge School Properties acquires a school property on North Airway Drive. 9288 Hwy 75, Geismar, LA 70734 Type: Industrial Price: $15,728,997 ($942.25 / SF)...

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The Pulse BR: The RV Shop former location sold

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 14340 S Choctaw Dr, Baton Rouge, LA 70815 Type: Retail Price: $3,200,000 ($114.29 / SF) Buyer: Choctaw 143 LLC Elifin's Notes: An RV sales property changes ownership on South Choctaw Drive. 11444 Reulet Ave, Baton Rouge, LA 70816 Type: Hospitality Price: $2,400,000 ($40,678 / Unit) Buyer: Ashoka Corporation, TIN Elifin's Notes: Ashoka...

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The Pulse BR: All Star Automotive properties sold

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 9150, 9292 Airline Hwy, Baton Rouge, LA 70815 Type: Retail Price: $20,540,000 ($211.99 / SF) Buyer: Real Estate Holdco LLC Elifin's Notes: Hudson Automotive Group, a South Carolina-based company, acquires All Star Toyota on Airline Highway. 12810 Airline Hwy, Baton Rouge, LA 70809 Type: Retail Price: $13,650,000...

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The Pulse BR: Prescriptions to Geaux purchases their Government Street property

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 11314 Boardwalk Dr, Baton Rouge, LA 70816 Type: Hospitality Price: $1,900,000 ($17,431 / Unit) Buyer: Titan General Contractors LLC Elifin's Notes: An Arkansas-based company acquires a 109-unit hotel property on Broadwalk Drive. 3012 Government St, Baton Rouge, LA 70806 Type: Retail Price: $1,150,000 ($290.40 / SF) Buyer:...

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The Pulse BR: Retail strip in Zachary changes hands

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 2375 Wooddale Blvd, Baton Rouge, LA 70806 Type: Industrial Price: $415,000 ($19.95 / SF) Buyer: Land & Home Solutions of America, LLC Elifin's Notes: An industrial warehouse property sells on Wooddale Boulevard. 10735 Cherryhill Ave, Baton Rouge, LA 70816 Type: Industrial Price: $162,500 ($45.68 / SF) Buyer:...

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The Pulse BR: LA Community & Technical College System acquires land

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 9901 Gwenadele Ave, Baton Rouge, LA 70816 Type: Hospitality Price: $1,575,000 ($9,265 / Unit) Buyer: Titan General Contractors, LLC Elifin's Notes: A 170-room motel sells on Gwenadele Avenue. 2980 O'Neal Lane, Baton Rouge, LA 70816 Type: Retail Price: $1,300,000 ($464.29 / SF) Buyer: Sercovich Fuel Center No...

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