The Pulse: Baton Rouge

The Pulse BR: Downtown hotel sold to Orlando-based company

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 8585 Summa Ave, Baton Rouge, LA 70816 Type: Healthcare Price: $10,000,000 ($572.67 / SF) Buyer: Holly Court Propco LLC Elifin's Notes: The Holly Court assisted living facility sells to a Miami-based company. 37091 E Hwy 30, Geismar, LA 70734 Type: Land Price: $6,375,000 ($4.83 / Land SF)...

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The Pulse BR: $30mm permit issued for Our Lady of The Lake

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 17363 Vallee Ct, Prairieville, LA 70769 Type: Industrial Price: $465,000 ($66.43 / SF) Buyer: Intense Volleyball L3C Elifin's Notes: An industrial property with a pair of connected metal warehouses sells on Vallee Court. 41063 Don Lou Dr, Gonzales, LA 70737 Type: Industrial Price: $430,000 ($86.00 / SF) Buyer: Owens, Casey John Elifin's...

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The Pulse BR: Elevate Church purchases retail center in Baker

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 12250 Plank Rd, Baton Rouge, LA 70811 Type: Retail Price: $1,200,000 ($15.58 / SF) Buyer: Elevate Church Baton Rouge Inc Elifin's Notes: A former grocery anchored retail center property changes ownership at the corner of Plank Road and Comite Drive. 2941 S Ruby St, Gonzales, LA...

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The Pulse BR: Four buildings downtown sold for 5.5mm

A weekly update on the commercial real estate landscape of Baton Rouge and Ascension. Commercial Sales Recorded Last Week 801, 855 North Blvd: 858 Convention St: 160 N 8th St, Baton Rouge, LA 70802 Type: Office Price: $5,575,000 ($163.97 / SF) Buyer: Tamarisk Inc Elifin's Notes: A set of four office buildings on more than 2.2 acres change ownership in the Downtown area. 9979 Main...

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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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