The Pulse

The Pulse BR: Former McDonald’s on Lee Dr sold

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 402 Laurel St Type: Office Price: $4,777,778 ($216 / Building SF) Buyer: Placid Refining Company LLC Elifin's Notes: Placid Refining Company purchases downtown office building and nearby parking lot. 8729 Granite Dr Type: Portfolio Price: $3,000,000 ($68,182 / Unit) Buyer: JSR1 LLC Elifin's Notes: Local architect and real estate investor, Steven Romero, purchases 11...

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The Pulse NOLA: Howard Tower sells for 8.3mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1000 Howard Ave Type: Mixed-Use Price: $8,300,000 ($98 / SF) Buyer: 1000 HOWARD LLC Elifin's Notes: Lafayette-based investors purchase the 1000 Howard Building, 12 stories, plus basement, comprising 84,466 sq ft in office space. 4717 Airline Dr Type: Retail Price: $2,105,000 ($356 / SF) Buyer: CARONNA DEVELOPMENT LLC Elifin's Notes: Local investors purchase an...

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The Pulse BR: M&L Industries purchase new BR location for 5.2mm

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10049 N Reiger Rd Type: Industrial Price: $5,200,000 ($108 / SF) Buyer: F2MV LLC Elifin's Notes: M & L Industries purchase industrial Reiger Rd property for their new Baton Rouge location. Lafayette St Type: Land Price: $525,000 ($70.23 / Land SF) Buyer: TJ Farms LLC Elifin's Notes: Attorney Tony Clayton of Clayton, Fruge, &...

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The Pulse NOLA: Golden Key Apartments sell for 10.6mm

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 4151, 4713, 4209 Division Street Type: Multifamily Price: $10,600,000 ($113,978 / Unit) Buyer: ARTSCAPE APARTMENTS LLC Elifin's Notes: A William Shane, Jr led organization purchase the former Golden Key apartment complex, 93 units with 1BR/1BA and 2BR/2BA configurations, in the Hessmer Farms area of Metairie 2000-2004-2008-2010 Saint Claude Ave Type: Retail Price:...

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The Pulse BR: SouthStar Urgent Care in Zachary sells

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 5654 Main St Type: Office Price: $1,800,000 ($681 / SF) Buyer: Southstar MD LLC Elifin's Notes: SouthStar Urgent Care in Zachary sells to Utah-based investor. 5707 Siegen Lane Type: Land Price: $1,350,000 Buyer: Crawfish Commercial LLC Elifin's Notes: Commercially zoned lot sells on Siegen Lane near the Airline Hwy intersection. 8352 Bluebonnet Blvd Type: Office Price: $1,250,000...

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The Pulse NOLA: Former Our Lady of Lourdes Sanctuary sold

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 2400 Napoleon Ave Type: Retail Price: $1,250,000 ($105 / SF) Buyer: 2400 NAPOLEON AVENUE LLC Elifin's Notes: Local investors purchase the historic former Our Lady of Lourdes Catholic Church Sanctuary, consisting of 11,889 sq ft of space in the Freret area 4432 Conlin St Type: Office Price: $1,057,479 ($176,247 / Unit) Buyer: 4432...

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The Pulse BR: Retail center on Monterrey Blvd sold

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 10235 Jefferson Hwy (Building 5) Type: Office Price: $2,000,000 ($372 / SF) Buyer: GLIM LLC Elifin's Notes: Local investor purchases office building in the Metro Office Park. 850 North Blvd Type: Office Price: $460,000 ($136 / SF) Buyer: Royal Engineers and Consultants LLC Elifin's Notes: Royal Engineers and Consultants purchases B-1 zoned office near...

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The Pulse NOLA: Large medical facility on Poydras sold

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 516 Natchez St Type: Multifamily Price: $2,850,000 ($475,000 / Unit) Buyer: MIURA LLC Elifin's Notes: Local investor acquires a three-story six unit luxury apartment building with 1BR/1BA and 2BR/2.5BA configurations in the Central Business District area. 1641 Poland Ave; 1604 Kentucky St Type: Industrial Price: $1,750,000 ($65 / SF) Buyer: R&C BUILDING MATERIALS...

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The Pulse BR: Embassy Suites on Constitution Ave sold

A weekly update on the commercial real estate landscape of Baton Rouge. Commercial Sales Recorded Last Week 7808 Howell Blvd Type: Retail Price: $750,000 ($124 / SF) Buyer: Montecristo Cigar Bar & Bistro LLC Elifin's Notes: Monecristo Cigar Bar & Bistro owner purchases the restaurant/bar's property near the Baton Rouge airport. 1095 S Flannery Rd Type: Retail Price: $560,000 ($112 / SF) Buyer: Rina Kim Property LLC Elifin's Notes: Local investor...

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The Pulse NOLA: Holiday Inn Express near MSY Airport sells

A weekly update on the commercial real estate landscape of New Orleans. Commercial Sales Recorded Last Week 1801 32nd St Type: Hospitality Price: $9,800,000 ($93,333 / Unit) Buyer: VIVEK&JAY LA LLC Elifin's Notes: Local investor acquires the Holiday Inn Express - Kenner New Orleans Airport property, with 105 rooms, in the Highway Park area 744, 748 Camp St, New Orleans, LA 70130 Type: Mixed-Use Price: $2,250,000 ($101 / SF) Buyer:...

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